This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]
This IRS webinar specifies the U.S. income tax obligations of U.S. citizens and residents abroad; lists the requirements for claiming the foreign earned income exclusion; and summarizes the U.S. employment tax obligations of U.S. citizens and residents abroad. This is a topic that can cause a lot of confusion among taxpayers, especially among those living or [...]
This article was published by the IRS. Below are descriptions of new provisions from the One, Big, Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025. “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips [...]
This IRS webinar explains the impact of residency status on U.S. taxation. It differentiates residency status under U.S. immigration law versus U.S. tax law, and determines an individual’s residency status for U.S. tax purposes. It also describes the special tax rules that apply to dual-status individuals. Make sure you're up-to-date on this complicated aspect of tax [...]
This article was published by the IRS. Owning a home costs money, but there are tax benefits available to help homeowners save on some of common costs of homeownership. Homeowners should review the tax deductions, programs, and housing allowances to see if they are eligible. Deductible house-related expenses Most home buyers take out a mortgage to [...]
