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The recently enacted One Big Beautiful Bill Act (OBBBA) has made notable changes to the tax landscape by increasing the standard deduction amounts that taxpayers may claim on their 2025 federal income tax returns. These new amounts are higher than
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If you are a teacher, principal, counselor, or classroom aide working at least 900 hours a year in a K–12 state-accredited school, you may qualify for the Educator Expense Deduction. This rule allows eligible educators to deduct up to $300…
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September Day 10 Employees Who Work for Tips – If you received $20 or more in tips during August, report them to your employer. See Pub. 531 for more information on how to report tips to your employer. 15 Corporations…
