This IRS video course discusses 501(c)(3) eligibility, the benefits of exemption, the typical life cycle of a public charity, and how to apply and filing requirements while waiting for a determination letter. Ensure that your organization is eligible for tax exemption before applying. Organizations may operate as a tax-exempt organization while waiting on approval. Donors have [...]
This article was published by the IRS. The Internal Revenue Service, working with the U.S. Department of the Treasury, has announced that paper tax refund checks for individual taxpayers are being phased out beginning Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law. This marks the first step of the [...]
The earned income tax credit is both a federal and a state tax credit for low to moderate-income families. For tax year 2025, the MA credit is 40% of the federal credit. It is refundable, meaning you can get money back, but only if you file your tax return. You must be a MA resident for [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued Notice 2026-05 providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. These changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through [...]
FS-2026-02, Jan. 2026 This Fact Sheet provides answers to frequently asked questions about the implementation of Executive Order 14247, Modernizing Payments To and From America’s Bank Account. These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific facts [...]
