The IRS and other federal agencies have proposed new rules that could expand employers’ ability to provide fertility benefits to employees as early as plan years starting Jan. 1, 2027. If finalized, the rules...

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When a husband or wife dies, the surviving spouse may eventually face a higher income tax bill. Why? Filing status shifts from married filing jointly to single or head of household, triggering higher tax...

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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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