About 1 Million Taxpayers to Get Automatic Penalty Relief Next Year
The IRS will provide penalty relief to about 1 million taxpayers automatically starting next year, the national taxpayer advocate (NTA)...
IRS Clarifies How Employees Can Claim 2025 Tip and Overtime Deductions
Dec 22, 2025
The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year...
Inflation Adjustments to Retirement Account Limits Issued for 2026
Nov 27, 2025
The IRS announced the 2026 benefit and contribution limits for qualified retirement plans, including contribution limits for Sec. 401(k) plans...
The R and D Tax Credit for Architects and Engineers
Nov 24, 2025
Architecture and engineering firms often face challenges when seeking to claim the Sec. 41 research-and-development tax credit for their work...
Annual Inflation Adjustments Announced for Tax Year 2026
Nov 20, 2025
The IRS on Thursday provided annual inflation adjustments for more than 60 tax provisions for tax year 2026 and increases...
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