Is Overtime Pay Taxed Under the One Big Beautiful Bill?
Jul 15, 2025Key Takeaways: Under the One Big Beautiful Bill, eligible employees can deduct up to $12,500 in overtime pay from their...
- 76
Most Recent Manage Money News
Manage Money
IRS Interest Rates Hold Steady for Q3 2025
Jul 10, 2025The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter....
- 80
Manage Money
How the IRS Calculates Interest on Tax Debt
Jul 9, 2025Key Takeaways: The IRS begins charging interest the day after your tax return is due, even if you file for...
- 405
Manage Money
Can You Get a Car Loan With IRS Debt or a Tax Lien?
Jul 7, 2025Key Takeaways: You can get a car loan with IRS debt or a tax lien but expect more scrutiny and...
- 75
Manage Money
Why Did I Owe Taxes This Year? Common Reasons for a Surprise Tax Bill
Jul 4, 2025Key Takeaways: Unexpected tax bills often result from not updating your W-4 form after major life changes or income...
- 96
Manage Money
How to Track Business Expenses for Taxes
Jul 3, 2025Key Takeaways: Tracking business expenses helps reduce taxable income and ensures IRS compliance. Deductible expenses must be “ordinary and necessary”...
- 82
Manage Money
Understanding IRS NFT Reporting Requirements and Compliance
Jul 1, 2025Key Takeaways: The IRS classifies NFTs as digital assets and requires brokers to report NFT transactions under new tax rules...
- 249
Manage Money
Can You Deduct Therapy? | Optima Tax Relief
Jun 29, 2025Key Takeaways: Therapy is tax-deductible if it is medically necessary and provided by a licensed professional. You must itemize deductions...
- 211
Manage Money
How Inherited Property is Taxed
Jun 28, 2025Key Takeaways: You don’t pay income tax when you inherit property, but you may owe capital gains tax if you...
- 92
Manage Money
Top 5 Tips to Avoid an IRS Audit in 2025
Jun 27, 2025Key Takeaways: AI is reshaping IRS audits by detecting income mismatches, suspicious deductions, and multi-year patterns with greater precision. ...
- 73
