The term “kiddie tax” was introduced by the Tax Reform Act of 1986. The kiddie tax rules are intended to keep parents […]

The IRS is currently dealing with a huge backlog of tax returns, and stories are rampant of delayed responses to returns that […]

The deadline for filing your tax return is April 18 for most people this year (due to the Emancipation Day holiday in […]

The Internal Revenue Service announced on January 26 that all third-round Economic Impact Payments have been issued. While some payments of the […]

The IRS announced that it will issue information letters to Advance Child Tax Credit (CTC) recipients starting in December and to recipients […]

The IRS issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, […]

For many people, the end of the year is a time to review charitable gifts that have already been made during the […]

The IRS announced in November increases to retirement plan limits for 2022. The 2022 contribution limit for 401(k) plans will increase to […]

It was announced by the Social Security Administration (SSA) in October that the maximum amount of an individual’s taxable earnings in 2022 […]

Approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022. […]