The home office deduction offers valuable tax benefits for self-employed individuals who use a portion of their residence exclusively and…
Flexible Spending Accounts (FSAs) are valuable tools that can help individuals save money on eligible healthcare and dependent care expenses.…
The Identity Protection PIN (IP PIN) is a six-digit number issued by the IRS to help safeguard taxpayers from tax-related…
In recent years, the Internal Revenue Service (IRS) has gained the authority to revoke or deny passports to individuals who…
President Joe Biden's proposed budget for 2025 has drawn attention for its blend of progressive tax measures and populist campaign…
As the year ends, individuals are presented with a prime opportunity to optimize their financial situation by employing strategic measures…
The Internal Revenue Service (IRS) has unveiled a series of initiatives aimed at bolstering tax enforcement efforts and advancing technological…
As a self-employed individual or a taxpayer with significant additional income, it's crucial to stay on top of your tax…
The U.S. Treasury Department and IRS issued a notice that introduced a new service industry tip reporting program. Optima Tax…
The IRS announced that the new reporting thresholds for Form 1099-K have been delayed. The new thresholds are part of…
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