Taxes

GoBankingRates.com released a new report that reveals there are 41 states that will not tax Social Security benefits next year.

Navigating tax compliance is challenging for any firm. Join Avalara to learn how automating tax compliance with Avalara Managed Returns for Accountants can streamline your practice, regardless of your expertise level.

Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases.

In the IRS’s most recent list, it specifically warned taxpayers “to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether.”

While economists might lack prescience with their forecasts, they still provide valuable insight into our money moves.

An employee who chooses to participate in an FSA can contribute up to $3,300 through payroll deductions during the 2025 plan year. The maximum carryover amount to 2025 is $660.

Brian Tankersley, CPA, and Randy Johnston review TaxGPT, an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x.

The agency collected more than $5.1 trillion in tax revenue and more than $98 billion in enforcement revenue.