IRS Interest Rate at 7% for Q1 2026: What Does It Mean?
The Internal Revenue Service (IRS) announced that interest rates on tax overpayments and underpayments will remain unchanged for the calendar quarter beginning January 1, 2026. […]
How Tipped Workers and Overtime Earners Can Claim New Tax Deductions for 2025: IRS Issues Guide
The Internal Revenue Service (IRS) has released guidance, Notice 2025-69, to help millions of workers claim two major new federal income tax deductions for tips […]
TSA to Impose $18 Fee for Travelers Lacking Valid ID, Including Passport or REAL ID
The Transportation Security Administration (TSA) has announced a new $18 user fee for a modernized alternative identity verification program. This program is specifically designed for […]
IRS Announces Higher Standard Deductions and New Tax Brackets to Boost Refunds and Lower Tax Bills
The Internal Revenue Service (IRS) has announced annual inflation adjustments for tax year 2026, affecting more than 60 tax provisions, including tax rate schedules, standard […]
IRS Increases Foreign Earned Income Exclusion to $132,900 for 2026
The Internal Revenue Service (IRS) has announced an increase to the Foreign Earned Income Exclusion (FEIE) for U.S. citizens and resident aliens working abroad. For […]
IRS Increases Earned Income Tax Credit Maximum Refund to $8,231 for 2026; How Much Is It for 2025?
The maximum refund available through the Earned Income Tax Credit (EITC) is increasing for tax years 2025 and 2026. For those filing their 2025 tax […]
U.S. Treasury Mandates Electronic Payments for Social Security and Other Benefits Starting September 30
Starting September 30, the U.S. government will be phasing out paper checks for federal benefit payments, including Social Security. This change is being made under […]
New York Boosts Unemployment Benefits by Over 70% to $869 Weekly Starting October 2025
Starting in October 2025, New York State will increase the maximum weekly unemployment benefit from $504 to $869, following the repayment of a nearly $7 […]
New York State to Mail Inflation Refund Checks Starting Late September
According to the New York State Department of Taxation and Finance, the state is set to begin mailing one-time inflation refund checks to over 8 […]
NYC Agencies Warn of Extreme Heat, Urge Precautions as Heat Index Nears 105°F Friday
New York City is bracing for a severe heatwave on Friday, with the heat index expected to reach a scorching 105°F. Alongside the intense temperatures, […]