Search


IRS Updates Adoption Tax Credit to Make Adoption More Affordable
The Internal Revenue Service recently highlighted significant enhancements to the Adoption Tax Credit, making adoption more affordable and accessible for families who finalized adoptions in 2025 or began the process before that year.
15 minutes ago


IRS Updates Premium Tax Credit FAQs
The Internal Revenue Service recently updated its frequently asked questions (FAQs) concerning the Premium Tax Credit (PTC) — a key refundable tax credit that helps eligible individuals and families reduce the cost of health insurance purchased through the Health Insurance Marketplace.
Dec 29, 2025


Guidance on Expanded HSA Benefits Under the One, Big, Beautiful Bill
The OBBBA makes several adjustments that broaden access to HSAs and clarify how specific plans qualify under existing tax rules. Here are the key components of the new guidance:
Dec 11, 2025


MyTAXPrepOffice 2025 Is Here — Packed with Powerful New Features for Tax Pros
MyTAXPrepOffice 2025 is here! Explore powerful new tools like PurePay merchant services, My AI Assistant, and dozens of workflow enhancements across forms, states, and worksheets. See what’s new and schedule a free demo today.
Dec 4, 2025


Don’t Let Holiday Gift-Card Scams Target You or Your Clients This Season
The IRS recently issued a warning about a surge in gift-card scams, and it’s something every tax professional should be prepared to address with clients.
Nov 26, 2025


Unlocking the Latest 2025 Sessions from the IRS Nationwide Tax Forum Online
The IRS announced that new 2025-seminars and content have been added to the NTFO online platform. Here are the highlights:
Nov 20, 2025


2026 Retirement Account Limits Raised
The IRS announced today that the amount individuals can contribute to their 401(k) plans in 2026 has increased
Nov 14, 2025


IRS Releases 2026 Inflation Adjustments Under OBBBA
The IRS has officially released the annual inflation adjustments for the 2026 tax year—adjustments that reflect not only routine cost-of-living updates but also significant provisions from the One Big Beautiful Bill Act (OBBBA).
Nov 13, 2025


New Disaster-Loss Relief Under the One Big Beautiful Bill Act (OBBBA): What Tax Pros Should Know
The OBBBA introduces key changes that enhance relief options for personal casualty losses and broaden eligibility for those affected by disasters.
Nov 11, 2025


Don’t Miss Your PTIN Renewal for 2026: A Must for Every Prep Firm
In late October 2025, the IRS reminded more than 800,000 paid tax preparers that their Preparer Tax Identification Numbers (PTINs) must be renewed for the 2026 filing season.
Oct 31, 2025


IRS Releases 2026 Inflation Adjustments Under OBBBA
The IRS has released the annual inflation adjustments for tax year 2026—adjustments that include not just routine cost-of-living increases, but also several provisions shaped by the new One Big Beautiful Bill Act (OBBBA).
Oct 10, 2025


Family & Medical Leave Credit Gets a Makeover Under OBBBA
The One Big Beautiful Bill Act (OBBBA) introduces important changes to the Family & Medical Leave (FML) Credit. The new law does more than extend the credit—it expands options and loosens certain eligibility rules.
Oct 8, 2025


IRS Lowers PTIN Fee: What Tax Professionals Need to Know
The fee tax professionals pay to renew or apply for a preparer tax identification number will be reduced from $11 to $10 starting in mid-October, the IRS said on Sept. 29.
Oct 1, 2025


IRS Phasing Out Paper Refund Checks: What Tax Pros Need to Know
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments.
Sep 25, 2025


Work Opportunity Tax Credit: What Tax Pros Should Know Before It Expires
The IRS has confirmed that the Work Opportunity Tax Credit (WOTC) remains available for employers who hire individuals from certain targeted groups through December 31, 2025.
Sep 16, 2025


What Tax Pros Need to Know About the New $6,000 Senior Deduction
The OBBBA’s new $6,000 senior deduction could offer substantial tax relief for older clients. With the right planning, you can help seniors capture every available benefit while avoiding costly phaseouts.
Sep 14, 2025


How OBBBA Changes Charitable Giving — What Tax Pros Should Be Advising Clients
OBBBA changes many assumptions around charitable deductions. For many clients, charitable giving will become slightly more complicated—but with thoughtful planning, they can still maximize the tax‐benefits.
Sep 12, 2025


The OBBBA Educator Deduction: What Tax Pros Need to Know
The One Big Beautiful Bill Act (OBBBA) delivers notable changes for educators beginning in 2026. Here’s what you, as a tax professional, need to know—so you can help your educator clients maximize benefits and plan more effectively.
Sep 10, 2025


Why Tax Pros Should Lead the Charge on Emergency Preparedness
When disaster strikes, your clients look to you for stability, guidance, and solutions. That’s why the IRS is encouraging tax pros and their clients to focus on emergency preparedness during peak disaster season.
Sep 8, 2025


IRS Releases Draft 2026 Form W-2: What Tax Pros Need to Know
The IRS has unveiled a draft version of the 2026 Form W-2, incorporating vital changes tied to the One Big Beautiful Bill Act (OBBBA)
Aug 29, 2025





