If you have kept yourself up to date with the latest news or if you have been trying to get in touch with the IRS without going crazy, you surely have felt the burden imposed by this never-ending government shutdown. Today is October 24, 2025, and we are on day 24 of the longest complete federal shutdown in U.S. history. Indeed, this shutdown has surpassed the dramatic one that lasted from 2018 t
Published News
If you're into the stock market trading like I am, you've probably heard the buzz about the latest S&P 500 shake-up. The index, which tracks the performance of 500 of the biggest U.S. companies, is always evolving to reflect the economy's heavy hitters. And right now, as we head into the second half of September 2025, three companies are gearing up to join the club: Robinhood Markets (HOOD),
Maximizing the 2025 Child Tax Credit: A Parent’s Guide
Posted by srpatterson3 (#1) 160 days ago (https://2010tax.org)
Attention Parents and Guardians! With the summer of 2025 in full swing, tax season is likely the last thing on your mind. However, as we cross into August 2025, now is the perfect time to start thinking about how you can make next year’s tax season work in your favor. After all, the Child Tax Credit (CTC) has been a staple benefit for American families for years, offering much-needed relief to of
Your Guide to the New U.S. Tax Bill: What’s Changing with Deductions
Posted by srpatterson3 (#1) 181 days ago (https://2009tax.org)
On July 4th, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA), which will fundamentally revamp the U.S. tax code.
This massive bill extends parts of the 2017 Tax Cuts and Jobs Act (TCJA), introduces fresh deductions, and tweaks or cuts others. Let’s break down what’s new, how it affects you, and what it all means in plain English, based on the latest details.
What’s New
What the One Big Beautiful Bill Act of 2025 Will Do to Your Taxes
Posted by srpatterson3 (#1) 202 days ago (https://2011taxes.org)
In New York City, July 4, 2025, President Trump promulgated the relation “One Big Beautiful Bill Act” (BBB) as one of the glaze-y tax reforms borrowed from 2017 Tax Cuts and Jobs Act with some goodies thrown-in for deductions and credits. The House passed the bill in late May, and the Senate put it through by the skin of its teeth, with Vice President JD Vance casting the tie-breaking
When floods, storms, or fires destroy life in chaos, you do not want to have an IRS agent showing up on your doorstep reminding you of tax deadlines. So, the agency has extended relief to the-shaped-on-December 2025 persons of Texas, Mississippi, and Oklahoma. The taxpayer relief allows the affected persons and businesses in the disaster areas an additional extra months, until November 3, 2025, t
Canada’s Middle-Class Tax Cut for 2025: What It Means for You
Posted by srpatterson3 (#1) 230 days ago (https://2015taxes.ca)
Great news for Canadians feeling stretched: the federal government is rolling out a Middle Class Tax Cut in 2025 to help middle-class families keep more of their hard-earned cash. Announced in the 2024 Fall Economic Statement, this change will lower the tax rate for millions of us. Let’s break it down in plain language—what’s changing, how it’ll affect your wallet, and what you need to know.
What
The Wild World of Crypto Taxes: What’s Going On in 2025
Posted by srpatterson3 (#1) 244 days ago (https://2015taxes.org)
Cryptocurrencies, NFTs, and all those fancy blockchain tokens are shaking up how we think about money—and the taxman wants a piece of the action. In 2025, taxing digital assets is a hot mess of new rules, grumpy accountants, and a lot of head-scratching. Let’s dive into what’s happening with digital asset taxation in the U.S., from the IRS’s latest moves to the headaches taxpayers are facing, and
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