Is your parent or another elderly family member moving into a nursing home? There may be tax implications. For example, long-term care expenses may qualify as an itemized deduction if they, along with other...

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Recently, the IRS has been generating confusion by issuing Notice CP53E to individual taxpayers who had a balance due on their 2025 tax returns. The notice asks recipients to submit bank account information so...

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It may be a good time to access your IRS tax transcripts. Millions of taxpayers may qualify for refunds of COVID-era IRS penalties and interest — but these refunds aren’t automatic. Reviewing your IRS...

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There are instances when, after filing your tax return, you’ll need to file an amended return. The IRS has issued a Tax Tip that explains how and when to amend a tax return. Reasons...

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New York’s Secure Choice Savings Program is a state-facilitated retirement savings arrangement designed for private-sector employees whose employers do not sponsor a retirement plan. For affected employers, the program functions primarily as a payroll-deduction...

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Although it may not be possible for you to enjoy a 0% tax rate, your adult children could be eligible. If they’re in the 10% or 12% income tax bracket, you might want to...

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Beginning this year, a 1% excise tax applies to certain remittance transfers from U.S. senders to recipients in foreign countries. Remittance transfer providers must collect these remittance transfer taxes from senders and pay them...

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If you contribute directly to a Health Savings Account (HSA) — not through pretax payroll deductions — you still have time to make 2025 contributions. The deadline is April 15, 2026, and you can...

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