Under the 2017 tax bill passed under the first Trump administration, a cap was officially put on this deduction for the first time, limiting what taxpayers could deduct to $10,000. The cap is ...

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 National Taxpayer Advocate, Erin Collins, released her fiscal year 2026 Objectives Report to Congress. While the ...

Supporters of a new income tax credit for middle-class households with children couldn’t overcome Gov. Ned Lamont’s objections this spring, despite strong grassroots support and broad backing ...

President Donald Trump has issued a warning to Congress over his spending megabill as Senate continues its marathon voting session.

The IRS has announced higher Health Savings Account (HSA) contribution limits for 2026, giving individuals and families new opportunities to reduce their tax burden and prepare for rising ...

IRS Raises 2026 HSA Contribution Limits, Promoting Expanded Tax-Free Healthcare Savings Opportunities With higher limits and the power of compounding, even small contributions today can mean big ...

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

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