Tax Law

New IRS Guidance on the Car Loan Interest Deduction

The IRS has released proposed regulations about deducting interest on new car loans for made‑in‑America vehicles purchased after 12/31/24. The guidance outlines eligibility rules, lender reporting requirements and the annual $10,000 deduction limit.
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Tax Law

Tax-Free Tips & Overtime: What Workers Need to Know

New IRS rules eliminate federal income tax on tips and allow a deduction for the overtime portion above regular pay. Workers can benefit from tax-free tips and a deduction of up to $12,500 ($25,000 joint) for qualified overtime from 2025–2028.
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Tax News

Upcoming IRS Changes to Refunds & Tax Payments

This mandate will transition most payments to and from the federal government to electronic methods starting with the 2026 filing season. Refunds, tax payments, and other federal transactions will move forward faster with more secure digital options.
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General

New USPS Postmark Rule May Affect Your 2026 Tax Deadlines

A new USPS rule assigns postmark dates to the first automated processing scan, not when mail is dropped off. This increases the risk of late tax filings, payments, and year‑end donations, making early or electronic filing essential.
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Tax News

Is that the IRS contacting you – or is it a scam?

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use high-tech and low-tech means to set up individuals, businesses, payroll and tax professionals. Be on guard against these imposters.
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