Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The IRS has issued a private letter ruling on Section 42(g)(1)(C), granting the the taxpayer an extension of time to make the average income minimum set-aside election for their housing project. The ...

WASHINGTON — Before the 2024 election, Donald Trump warned that Black Americans were losing their jobs in droves and things would get even worse if he did not return to the White House. "You should ...

Beginning on Sept. 30, 2025, paper tax refund checks will be phased out of use, as required by Executive Order 14247. This change is the first step in the IRS and the U.S Department of the Treasury’s ...

Gateway Commercial Finance reports that small businesses face tighter lending standards in 2025, prompting changes to financial strategies amid economic uncertainty.

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...