MACRS (Modified Accelerated Cost Recovery System) is the federal tax method that lets businesses and...
Unemployment benefits are generally taxable at the federal level and must be reported on your federal...
Loan forgiveness can create taxable income when the IRS treats canceled debt as “cancellation of debt”...
Federal disaster tax rules give affected individuals and businesses filing/payment extensions, penalty...
A federal filing extension delays the deadline to file your federal return but usually does not extend...
Federal and state deductions come from different laws. Many states begin with federal income measures...
Federal tax credit phase-outs reduce or eliminate a tax credit as your income passes set thresholds....
U.S. tax treaties allocate taxing rights between the United States and other countries to reduce double...
Changes in federal tax law can change how much is withheld from your paycheck, affecting your cash flow...
Recent IRS procedural changes update how individual taxpayers report income, claim deductions, and receive...