The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

The IRS may revise its proposed regulations on the sourcing of income from cloud-computing transactions, an agency official said Saturday.

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

The rule was introduced by former President Lyndon B. Johnson in 1954 when he was serving as the U.S. Senate majority leader.

As reported by Kiplinger, the layoffs at the IRS impacted nearly every division. By the end of the 2025 tax season, more than 25% of the agency’s workforce had been cut down via layoffs, buyouts, or ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...