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 ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

As reported by Kiplinger, the layoffs at the IRS impacted nearly every division. By the end of the 2025 tax season, more than 25% of the agency’s workforce had been cut down via layoffs, buyouts, or ...

The IRS has lost more than a quarter of its employees under the Trump administration and faces further staffing cuts.

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A ...

Donald Trump signed his 'big beautiful' tax and spending bill into law July 4. Here are the five biggest winners and losers: ...

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