The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.

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

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

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 ...

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.

The National Taxpayer Advocate, Erin Collins, released her fiscal year 2026 Objectives Report to Congress. While the government watchdog noted that the 2025 filing season was successful, there are ...

The enactment of the Great Beautiful Project Act (OBBBA) by President Trump on July 4, 2025, has sparked significant debate ...