The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

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

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A ...

The IRS has lost more than a quarter of its employees under the Trump administration and faces further staffing cuts.

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an ...

Trump tax law is making headlines with a major change that eliminates federal income taxes on tips and overtime pay, starting ...