The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

The IRS may revise its proposed regulations on the sourcing of income from cloud-computing transactions, an agency official said Saturday.

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

The federal adoption tax credit for the 2025 tax year (taxes generally filed in 2026) is worth up to $17,280 (up from $16,810 ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

New law exempts up to $25,000 in tips from federal taxes, delivering on Trump’s campaign pledge Unclear rules leave workers ...

The National Taxpayer Advocate, Erin Collins, released her fiscal year 2026 Objectives Report to Congress. While the government watchdog noted that the 2025 filing season was successful, there are ...

The IRS has lost more than a quarter of its employees under the Trump administration and faces further staffing cuts.