As the 2025 tax season approaches, millions of Americans may notice something pleasantly surprising: a larger-than-expected tax refund. Thanks to…
For U.S. citizens and resident aliens living abroad, filing taxes has always meant dealing with complex rules surrounding foreign income,…
The IRS continues to refine its guidance regarding international tax transparency and passthrough entity reporting. One of the most significant…
Every year the IRS adjusts tax brackets for inflation. These updates are essential to prevent “bracket creep,” where taxpayers move…
In 2025, employees who commute using public transit, vanpools, or maintain parking near work have even more reason to smile—IRS…
Every year, the Internal Revenue Service (IRS) adjusts various tax provisions for inflation, and these changes directly affect your federal…
The Internal Revenue Service (IRS) has announced an increase in the standard mileage rate for business use of a personal…
For the 2025 tax year, the IRS introduced a significant new benefit for senior taxpayers: an extra standard deduction of…
Important Notice: This is a Hypothetical Analysis This blog post discusses a proposed or hypothetical "New Senior Deduction" as described…
Tax season can be stressful for anyone, but for senior citizens, recent changes to IRS Form 1040-SR for the 2025…
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