The 2025 tax law brings new opportunities for W-2 employees to keep more of their paycheck. If you earn tips, overtime, or bonuses, the latest changes could mean less tax taken out of each pay period.
In this post, CPAs explain what’s new for workers, how to update your W-4, and how to make sure your withholdings match your goals. You’ll also learn smart ways to use benefits like HSAs, 401(k)s, and dependent care accounts to lower your taxable income.
The U.S. government shutdown has slowed IRS operations, causing refund delays, paused audits, and longer response times. While many IRS functions are on hold, tax filing and payment deadlines remain unchanged. Learn what taxpayers and businesses can do to stay compliant, avoid penalties, and plan ahead during the disruption.
The IRS has reinstated a higher 1099-K reporting threshold for 2025, easing the burden on small businesses and gig workers. This change means fewer surprise tax forms for online sellers using platforms like PayPal, Venmo, and Etsy. Learn how the updated rule affects your 2025 tax reporting, what transactions are covered, and how to stay compliant under the new IRS guidelines.
The new OBBB tax law brings major relief to working families through bigger deductions and expanded credits. But while taxpayers celebrate lower bills, economists warn of rising national deficits ahead. Learn how the OBBB could reshape your 2025 tax strategy — and what steps to take now to prepare.
The federal estate tax exemption will rise to $15 million per person ($30 million for couples) in 2026 — the highest ever. Learn how this historic increase could reshape estate planning, help families save millions, and what steps to take now before future tax changes roll back these benefits.
Want to pay less in taxes while growing your investments? Discover how tax-loss harvesting and smart asset location strategies can help you save money, reduce capital gains, and boost your long-term returns. Learn how these simple tax moves can make a big difference for 2026 and beyond.
The One Big Beautiful Bill Act introduces a new 1% tax on U.S. money transfers sent abroad starting January 1, 2026. Here’s what you need to know about the remittance tax and how it could affect families, businesses, and the global economy.
The IRS has released its 2025 inflation adjustments, increasing tax brackets, standard deductions, and credit thresholds. These updates aim to help taxpayers keep more of their money as prices and wages continue to rise. Here’s what you need to know about the biggest IRS tax changes for 2025.
The IRS has announced new tax bracket thresholds and a higher standard deduction for 2026, giving taxpayers more breathing room thanks to inflation adjustments. While tax rates remain the same, you’ll need to earn more before moving into a higher bracket. Learn how these changes could affect your tax bill, savings, and planning for the year ahead.
Congress is racing to pass new funding measures, but uncertainty over tax extenders has businesses and high earners on edge. With key tax breaks set to expire, the decisions made in Washington this year could directly impact your bottom line. Here’s what you need to know to stay prepared.
The OBBBA tax cuts promise savings, but not everyone benefits equally. While top earners gain the most, middle-income families may see smaller relief or even higher costs. Here’s a breakdown of who really wins under the new tax law.
The Billionaires Income Tax Act of 2025 would require the ultra-rich to pay taxes on unrealized gains, closing a major loophole in the U.S. tax system. While supporters call it a step toward fairness, critics warn of challenges in valuing assets and market impacts. Here’s what the new proposal could mean for America.
Income inequality in America is still rising, even after taxes and credits. A new Census Bureau report shows that while the U.S. tax system reduces the gap between rich and poor, it isn’t enough to keep the wealth divide from growing. From 2009 to 2024, wealthy households pulled far ahead, while middle- and low-income families saw only small gains that are quickly eaten up by rising costs of housing, healthcare, and food.
This trend matters for families and the economy as a whole. Less spending power in the middle class, more debt, and higher costs of living all add pressure to everyday households. Experts point to possible solutions like expanding tax credits, adjusting the tax code, and raising wages. Without changes, the Census report warns that inequality will keep widening, leaving many families struggling to catch up.
A new bill in Congress, the You Earned It, You Keep It Act, aims to make Social Security benefits permanently tax-free. Learn how this proposal works, why it raises the payroll tax cap for high earners, and what it could mean for retirees who rely on monthly Social Security checks.
The new tax law is giving businesses a major boost with accelerated deductions. With bonus depreciation and faster R&D write-offs, companies can cut taxes, improve cash flow, and reinvest in growth. Learn how these tax breaks work, who benefits most, and why they matter for businesses of all sizes.
States like California, New Jersey, and Pennsylvania are pushing back on new federal tax changes, including the end of EV credits and the SALT cap. From fresh EV rebates to Pass-Through Entity Taxes, these state workarounds could offer real savings for homeowners and business owners navigating higher federal bills.
The new One Big Beautiful Bill (OBBB) extends several key tax breaks from the Tax Cuts and Jobs Act (TCJA), including the child tax credit, SALT deduction cap, and estate tax exemption. But not every benefit stayed in place—some provisions reverted to older rules, and the extension comes with a $4.5 trillion price tag over the next decade. Here’s what families, homeowners, and business owners need to know for 2025 and beyond.
The IRS caused confusion after suggesting the 2026 tax season might not begin until Presidents’ Day, raising concerns about refund delays and filing deadlines. While the IRS later clarified no official start date has been set, taxpayers should start preparing now to avoid stress and ensure fast refunds once filing opens.
The new One Big Beautiful Bill could mean big savings for U.S. businesses in 2025. By allowing full deductions for certain U.S.-based investments in the same year they’re made, this law helps business owners keep more cash in hand for growth. Learn who qualifies, how much you can save, and why acting now could be your smartest tax move yet.