Which jobs qualify for the new qualified tips deduction under OBBBA? The IRS final rule under Section 224 lists 68 tipped occupations across 8 categories — from servers and bartenders to barbers, delivery drivers, golf caddies, and digital content creators — capped at $25,000 per year through 2028. The long-awaited IRS final regulations on the…
How much can U.S. expats deduct for housing costs abroad in 2026? Under the foreign housing exclusion 2026 limits just released in IRS Notice 2026-25, the cap ranges from $39,870 in standard locations to $114,300 in Hong Kong, with more than 400 high-cost cities receiving upward adjustments. If you’re a U.S. citizen or resident earning…
Do foreign athletes and performers owe U.S. taxes at the 2026 FIFA World Cup? Yes — the IRS requires nonresident alien athletes, entertainers, and businesses earning income in the United States during the 2026 FIFA World Cup to comply with federal withholding rules and file U.S. tax returns, though tax treaties may reduce or eliminate…
What are my options for last minute tax filing before April 15? If you haven’t filed your 2025 federal tax return yet, the IRS still offers free filing through IRS Free File, in-person help via VITA and TCE sites, and a straightforward extension process — all available right up to the deadline. With the April…
What are the IRS tax year 2026 inflation adjustments? The IRS officially released IRS inflation adjustments 2026 under Revenue Procedure 2025-32, including a standard deduction increase to $32,200 for married filing jointly couples, revised marginal tax brackets, higher EITC limits, and a $15 million estate tax exclusion — all shaped by the One Big Beautiful…
Does the IRS offer free tax preparation for low-income households? Yes — the IRS VITA TCE grants 2026 program awarded $53 million to 363 organizations nationwide, funding free certified tax preparation for qualifying taxpayers. VITA serves low-to-moderate income filers, while TCE focuses on seniors age 60 and older. Every filing season, millions of Americans either…
What is the IRS Tax Withholding Estimator and how does it reflect the new OBBB tax law changes? The IRS Tax Withholding Estimator is a free online tool that has been updated to incorporate One, Big, Beautiful Bill (OBBB) changes — including no tax on tips, no tax on overtime, and new senior deductions —…
What does the Taxpayer Bill of Rights say about paying the correct amount of tax? Under the Taxpayer Bill of Rights, every American has the legal right to pay no more than the correct amount of tax — and the IRS is required to apply all payments properly and correct any overcharges. Tax season can…
Will Your 2026 Tax Return Be Delayed? The National Taxpayer Advocate’s latest report predicts a rocky road ahead for the next filing season due to staffing cuts and retroactive laws. Find out how to prepare. To be honest, nobody really enjoys thinking about taxes, right? But if you filed your return in 2025, you…
