Tax Tips & More
OBBBA: What to Know About No Tax on Tips
Congress recently passed the One Big Beautiful Bill Act, or OBBBA, which introduces a new tax deduction for tips beginning in 2025. This provision, called “No Tax on Tips,” sounds broader than it really is.
Does the IRS List You as Qualifying for the Tips Deduction?
Congress enacted the One Big Beautiful Bill Act, or OBBBA, in July. This law created a new deduction called the No Tax on Tips deduction. Do you qualify?
Best Practices When E-Filing Returns
Avoid future problems by following these best practices for e-filing.
Common Mistakes in Tax Preparation
Avoid errors that can occur when preparing tax returns by learning these common mistakes.
What Are Your Chances of Being Audited?
These red flags could increase your chances of the IRS selecting your return for audit.
November 2025 Tax Due Dates
November 10: Tips for October 2025 reported to employer
December 2025 Tax Due Dates
December 10: Tips for November 2025 Reported to Employer (Form 4070)
December 31: Contribution to employer-sponsored retirement plan for 2025 (401(k), 403(b), 457 or federal thrift savings plans)
December 31: Required minimum distribution (RMD) by individuals who are 73 or older at the end of 2025