Tax

The Internal Revenue Service needs to do more to raise awareness of the adoption tax credit and plans to conduct more outreach, according to a new report.

The poorest 10% of households will lose an average of $1,200 in resources per year, while households in the highest 10% of incomes will see about a $13,600 boost in resources. 

Even the wonkiest experts are struggling to keep up with the latest macroeconomic data. Here are the key factors to watch in the coming months.

President Trump has removed Billy Long as commissioner of the Internal Revenue Service in the latest sign of turmoil at the embattled agency.

Treasury Secretary Bessent will serve as acting commissioner, as President Trump plans to nominate Long for an ambassadorship.

The One Big Beautiful Bill Act is sparking questions among employees and payroll departments about how to handle tax breaks such as overtime pay.

If businesses focus solely on the size of the tariffs — and where they land — they'll miss a profound challenge and opportunity that this moment presents.

The move will enlarge refunds paid out to taxpayers early next year, ahead of the midterm congressional elections in November 2026.

The Internal Revenue Service won't be changing information returns and withholding tables for 2025 for the OBBA, but changes are coming next year.

The expansion of the Qualified Small Business Stock program in the One Big Beautiful Bill Act makes a powerful tax-saving strategy even more enticing.

But the new rules for deductions, capital-gains exclusions and estate planning merit a lot of strategic discussions for financial advisors and entrepreneurial clients.

Vertigo; not workin' on the railroad; bad company; and other highlights of recent tax cases.

Republicans are betting bigger tax refunds ahead of midterm elections paid for by cuts in social programs afterward will overcome early public disapproval.

A new study by J.D. Power revealed that TaxSlayer ranks highest in customer satisfaction among do-it-yourself tax services.

The institute sent a letter to officials at the Treasury and the IRS asking for immediate guidance on a provision of the One Big Beautiful Bill Act for deducting R&D costs.

To those who might remember this column that ran for more than 20 years, and to those who don't, it took something especially egregious to bring me back.

Earmarking and the deficit; next season's outlook; court shows and the IRS; and other highlights from our favorite tax bloggers.

Tax experts from Top 100 Firm Bennett Thrasher share the implications of the Trump administration's new tax law on businesses.

While many companies have not stated what they might do, last month's tax legislation is helping ease some concerns while they grapple with tariff uncertainty.