Click here or on the image below to watch a video clarifying tax-free tips for service workers. In many service jobs, tips are a big part of the paycheck. For 2025, the IRS has new rules that may let some workers deduct a portion of those tips, up to $25,000. It’s worth checking your records and [...]
This article was published by the IRS. The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing. This is the first in a series of special IRS "Get Ready" reminders to help taxpayers prepare [...]
This holiday season, remember - gift cards are for gifts, not for making tax payments. Many people give gift cards as a convenient gift for any occasion. Scammers use gift cards to steal your money. Here's how this usually works: The scammer may call you, impersonating an IRS agent, or contact you by text, email, or [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025. Notice 2025-69 clarifies for workers how to determine the amount of their deduction without receiving a separate accounting from [...]
New changes to the adoption tax credit under the One Big Beautiful Bill mean more families will now be eligible to claim it. Part of the credit is now refundable, which means families can take home some extra money even if they don't owe any taxes. While there are different rules, the credit may apply to [...]
