The maximum credit for families with two children will increase to $7,316, up from $7,152 in 2025. Those with one child can ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

Despite the ongoing government shutdown, many Americans are still receiving state-level relief and other assistance checks ...

Tax professionals must renew their Preparer Tax Identification Numbers to remain compliant and avoid penalties.

On October 9th, the IRS announced several inflation adjustments for 2026, including adjustments to the annual contribution ...

The relief allows farmers who had to sell livestock earlier than planned to defer taxes on capital gains from those sales or ...

IRS eases reporting for lenders on 2025 auto loan interest under H.R. 1, allowing borrower statements in place of direct IRS ...

Recently passed legislation would force the agency to put more information in the warning letters it sends taxpayers who’ve ...

As the government shutdown stretches into its fourth week, some federal workers are getting creative with side hustles to ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as ...

Isaac Stein is one of them. Normally, he's a lawyer for the IRS who writes tax regulations. But on a sunny Sunday afternoon ...

Newly disclosed documents provide new details on the back-and-forth over providing sensitive taxpayer information to ...