Taxes
Latest Taxes News
Why Eliminating Tax On Social Security Benefits Is Bad Policy
Former President and 2024 Republican nominee Donald Trump has joined other politicians advocating for abolishing taxes on Social Security benefits.…
‘Your Voice At IRS’ Is Optimistic About Levels Of Taxpayer Service After Difficult Years
At the height of the pandemic, between October 1, 2020, and September 30, 2021, the Taxpayer Advocate Service (TAS) received…
Our Washington (Isn’t) Calling Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
The RNC Platform Would Almost Certainly Make Inflation Worse
The theme of the Republican National Convention’s opening night in Milwaukee was “Make America Wealthy Again.” Speakers one after the…
The SALT Cap After 2025
Ted Peterson of the University of North Texas Ryan College of Business discusses the SALT deduction cap and its potential…
What to Know About Form 8889 for HSAs
If you’ve made contributions to or taken distributions from a health savings account (HSA), the IRS requires you to report…
IRS Urges Taxpayers To Seek Out Trusted Tax Pros, Not Social Media, For Tax Advice
The IRS has issued a consumer alert after seeing bad advice circulating on social media about several credits, including a…
An Overview Of Common IRS Penalty Defenses For A Late-Filed Form 3520
Corrected, July 18, 2024: This article has been updated to fix a typo in the fifth paragraph and clarify a…
Grounded By IRS: U.S. Passport Denied Or Revoked For Delinquent Taxes
Did you know that your U.S. passport could be denied, revoked, or not renewed if you owe significant back taxes?…
Despite Ruling, Fights Over Maryland’s Digital Advertising Tax Continue In Court
Maryland’s digital advertising tax—codified as the Digital Advertising Gross Revenue Tax Act—is in the news again following a recent ruling…
