By law, all taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. This is one of ten basic rights — known collectively as the Taxpayer Bill of Rights. Here's what taxpayers...
IRS
OBBBA: Learning the Deduction Details
The OBBBA law is long, but the IRS has summarized some of the most significant provisions: No tax on tips Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as...
IRS Raises HSA Contribution Limits for 2026
The IRS has announced updated Health Savings Account (HSA) contribution limits for 2026. For self-only coverage, the limit will be $4,400, a $100 increase from 2025. For family coverage, the limit will be $8,750, an increase of $200. The catch-up contribution limit...