Accounting Today

IRS updates withholding tax calculator for new tax breaks

The new IRS Tax Withholding Estimator accounts for changes to tax credits and deductions introduced by the One Big Beautiful ...
Accounting Today

Tax Strategy: Guidance on new 2025 deductions and related payroll changes

Since the enactment of H.R. 1, the One Big Beautiful Bill Act, the Internal Revenue Service has announced that it will not be updating 2025 tax forms such as the W-2 and 1099s to reflect OBBBA changes ...
Forbes

What’s Open—And What’s Not—At The IRS During The Government Shutdown

Due to the government shutdown—now in its third week—IRS operations are limited. Despite the need to prepare for the upcoming tax filing season—with new tax laws like no tax on tips in place—the IRS ...