Watch this IRS webinar to learn more about what a Trump Account is and who is eligible for it as a provision under the Working Families Tax Cuts. A Trump account is a new type of individual retirement account that gives children an early financial foundation and encourages long-term savings and financial awareness. This video: describes [...]
This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]
This article was published by the MA Department of Revenue. I. Introduction The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender. As a result, vendors may be experiencing a penny shortage, and they have begun rounding to the nickel to make change. This Directive provides guidance to vendors [...]
This article was published by the IRS. Even though the tax filing deadline for tax year 2025 passed a couple weeks ago, it’s not too early to start planning for next filing season. Planning now can help taxpayers avoid surprises next year. One action that can be taken is checking for proper tax withholding. What is [...]
This article was published by the IRS. Taxpayers who discover an error after filing a federal tax return may need to file an amended return. There are some instances where an amended return isn’t required such as when the IRS corrects errors during processing or requests missing forms or schedules separately. Reasons to file an amended [...]
