The 2026 IRS mileage rates have been revised during the year, making them especially important for taxpayers who track vehicle expenses. The rates play an important role in how taxpayers calculate vehicle-related deductions. If you drive for business, medical care, charitable work, or qualified moving purposes, these rates can directly affect how much you save […]
2026 Q3 Estimated Tax Payments are Due. Are You Prepared?
The third estimated tax payment of 2026 is due September 15, 2026. For taxpayers who earn income without enough federal tax withheld throughout the year, this deadline is an important opportunity to reduce the risk of an unexpected tax bill and an underpayment penalty when filing their 2026 tax return. Estimated tax payments can be […]
Filing Taxes in Two States After Moving
Moving to another state during the year can make tax filing more complicated because you may have tax obligations in both your former state and your new state. In many cases, taxpayers who change states during the year file a part-year resident return for each state, reporting income according to each state’s residency and income-sourcing […]
Do I Have To Pay Taxes On FEMA Money?
Natural disasters can create significant financial challenges, especially when a home, vehicle, personal belongings, or other property is damaged or destroyed. If you receive financial assistance from the Federal Emergency Management Agency (FEMA), you may wonder how that money affects your federal income taxes. So, do I have to pay taxes on FEMA money? In […]
IRS Automated Collection System: What You Need to Know
Receiving an IRS collection notice can be stressful, especially when the notice includes unfamiliar terms or references the IRS Automated Collection System. Many taxpayers are unsure what ACS is, why their account is being handled by it, or whether the IRS is about to take more serious collection action. The IRS Automated Collection System (ACS) […]