Taxpayers face challenges when tax issues arise. Understanding the roles of CPAs, tax attorneys, and EAs can help you choose the right professional to handle your tax matters effectively. [...]
Taxpayers report smaller refunds due to outdated Form W-4. Life changes require updates to avoid incorrect withholding. Experts advise reviewing and adjusting W-4 to match current financial situations. [...]
The IRS has unveiled the new income tax brackets and federal tax rates for 2025. These adjustments reflect inflation-related changes. Learn about the new tax brackets and rates. [...]
Learn which therapy expenses can be tax-deductible. Understand the conditions and types of therapy that qualify, and how to document them for tax purposes. [...]
Explore the tax deductions available for assisted living expenses. Understand what qualifies as a medical expense and learn how to maximize your tax benefits while complying with IRS guidelines. [...]
Learn about tax preparation fees, their deductibility, and who can claim them as a business expense. Understand how recent tax laws affect these costs and how to navigate them effectively. [...]
This article explores whether adult diapers can be deducted from taxes for individuals requiring them due to medical conditions. Learn about the eligibility criteria and guidelines for cost deductions. [...]
This article explores the complexity of supernormal profits, highlighting the distinctions between them and monopoly profits, and their implications for tax policy without oversimplifying the issue. [...]
Are you facing tax liabilities due to your spouse's mistakes or misstatements? Learn about Innocent Spouse Relief, a provision that can release you from joint liability. Understand the criteria, application process, and potential outcomes in this comprehensive guide. [...]
A proposal to exempt overtime wages from taxation raises concerns about increased complexity in the tax code and unintended consequences for various work arrangements. [...]