Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The IRS has issued a private letter ruling on Section 42(g)(1)(C), granting the the taxpayer an extension of time to make the average income minimum set-aside election for their housing ...

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...