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Qualified Tips and Overtime Deduction

I wanted to bring to your attention recent IRS guidance (Notice 2025-69) regarding new federal income tax deductions for “qualified tips” and “qualified overtime compensation” for the 2025 tax year. These deductions were introduced by the One, Big, Beautiful...

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  • January 22, 2026

IRS to phase out paper tax refund checks starting with individual taxpayers

IR-2025-94, Sept. 23, 2025 WASHINGTON — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required...

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  • September 1, 2025

What important reminders should extension filers know when choosing a tax preparer?

Taxpayers who requested an extension to file have until Oct. 15, 2025, to do so, and some may choose to hire a tax return preparer. Those who do need to understand how to choose a tax preparer wisely and...

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  • August 15, 2025