Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,

The Internal Revenue Service's plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and budget cuts.

One of President Donald Trump’s 2024 campaign messages was a promise to implement a no-tax-on-tips and no-tax-on-overtime law. On July 3, 2025, the U.S. Congress passed the “One Big Beautiful Bill,” and President Trump signed the bill into law on July 4.

Independence Day legislation includes permanent full expensing for new and used aircraft used in business operations

After a tied vote in the Senate and another close vote in the House of Representatives, President Donald Trump’s “Big Beautiful Bill” is now on its way to the President’s desk to be signed into law.

The IRS must quickly hire and train thousands of employees and adapt its IT systems to manage new tax law requirements before 2026. The Treasury Department has requested $852 million to fund the ...

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

The American Institute of Certified Public Accountants (AICPA) continues to provide tax professionals with critical information through its monthly publication, The Tax Adviser . This journal serves as a key resource for tax practitioners seeking to stay informed about current tax planning strategies,

Thanks to the ACLJ’s advocacy, pastors can now speak freely from the pulpit about political candidates without fear of IRS retaliation. Churches can exercise their religious convictions by endorsing candidates who align with their biblical values and moral principles.