The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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IRS Releases Final Rule for Clean Energy Manufacturing Tax Credit
The agency clarifies incentives for domestic solar and wind energy component production. The Internal Revenue Service (IRS) has released its final rules for manufacturing companies applying for tax…
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Nearly Half of States to Participate in IRS’ Direct File in 2025
The free online service will be available to more than 30 million in 2025. The Internal Revenue Service (IRS) announced that over 30 million taxpayers are eligible for…
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Treasury Proposes Minimum Tax Rate for Billion Dollar Companies
The department would implement a 15 percent standard. The Treasury Department announced that it is considering a new tax policy that would require a 15 percent minimum profit…
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IRS and Treasury Department Report on Funds Recovered from Tax Evaders
The treasury secretary announces $1.3 billion recovered from wealthy tax filers and non-filers and other audits. U.S. Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Danny…
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IRS Watchdog Says IRS Needs to Improve Cybersecurity Strategies
The agency provided findings to the House Ways and Means Committee last year on taxpayer information leaks. This month, the Treasury Inspector General for Tax Administration (TIGTA) wrote…
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North Carolina Joins IRS Direct File Program
It is the 6th state to participate in the free federal tax filing tool. North Carolina joined the Internal Revenue Service (IRS) Direct File program last week, becoming…
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VA Launches Call Center to Protect Veterans from Fraud and Scams
The department establishes the VSAFE website and call center for assistance. The Department of Veterans Affairs has launched resources to help protect U.S. veterans, service members, and their…
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Connecticut Joins IRS Direct File Program for 2025
Secretary Yellen talks about the successful pilot of the program this year. The Internal Revenue Service (IRS) announced Friday that Connecticut has opted into its Direct File service…
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18 House Members Advocate to Maintain Energy Tax Credits in 2025
They wrote a letter to Speaker Johnson outlining their views of the Inflation Reduction Act. Representative Andrew Garbarino of New York wrote a letter signed by 17 other…
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