The IRS is discontinuing paper tax refund checks. Here’s how it may impact you.
The IRS Has Eliminated Paper Refund Checks The IRS announced today that paper tax refund checks will no longer be issued for individual taxpayers, starting this month. Instead, if you previously received your tax refund via a paper check, you will now receive it electronically. This shift will also affect payments to the IRS. You’re […]
What are the expected IRS tax brackets for 2026? New estimates indicate rises in thresholds.
(Nexstar) – Last week, Americans experienced a slight financial relief as the Federal Reserve decided to cut interest rates for the first time this year. This move hints that more rate cuts might be on the way in the near future. Typically, in the fall, the IRS announces updates that will affect how taxes are […]
Tax benefits from Trump’s $40,000 SALT deduction cap might be greatest in these states.
Warm Weather and Tax Deductions in New York On June 4, 2025, New York City experienced an unusually warm day, with temperatures soaring into the 80s. Recently, President Donald Trump’s “Big Beautiful Building” initiative temporarily raised the limits for state and local tax deductions, known as SALT, from $10,000 to $40,000. This change benefits residents […]
Farewell to the $7,500 EV tax credit. How will this affect EV prices?
Upcoming Expiration of EV Tax Credit Could Impact Market Sales of electric vehicles (EVs) in the US might take a hit when the $7,500 federal tax credit for EV buyers ends on October 1st. This tax credit was introduced in 2022 as part of the Biden administration’s push for greener energy options, but it’s now […]
Upcoming deadline for North Carolina’s tax extension approaching soon
Tax Deadline Extended for North Carolina Residents Residents of North Carolina must file and settle specific state and federal taxes by Thursday. This follows the IRS’s decision to extend the deadline for many tax returns, shifting it from May 1 to September 25, particularly for individual income taxes. They’ve also broadened the range of tax-related […]
What employees can request ‘No Tax On Tips’? New guidance released
New Tax Guidelines for Tips Issued by US Treasury Las Vegas – The US Treasury has released fresh guidance concerning the “tax-free on tips” provisions, outlining criteria for workers to qualify and how they can claim tax deductions. Interestingly, Nevada ranks as having the highest density of tipped workers, as reported by the Federal Reserve […]
Be cautious of the dual tax threat targeting your pension.
The situation surrounding pensions is set to change significantly in the next 18 months, raising concerns for many. Recent government data indicates that starting in April, new state pensions will see a 4.7% increase due to the triple lock guarantee. This adjustment means that, unless this guarantee is altered, numerous pensioners will end up facing […]
Treasury and IRS provide important information on Trump’s ‘no tax on tips’ deduction
Proposed Tax Deduction for Tips Announced On Friday, the U.S. Treasury Department, along with the IRS, released proposed regulations regarding President Trump’s “no tax on tips” deduction. This initiative emerged from Trump’s earlier legislation known as the “Big Beautiful Building.” Starting in 2025, certain employees will be able to deduct “qualifying tips” of up to […]
Numeral Secures $35 Million for Sales Tax Compliance Platform
Numbers has successfully secured $35 million in its Series B funding round. The company has developed an AI-driven platform focused on sales tax compliance for e-commerce and software businesses. This automated platform handles the entire sales tax process for these companies and comes with a guarantee of error-free filings, as stated in a press release […]
Numeral secures $35M to use AI for automating sales tax
Sam Ross and the Birth of Numeral Sam Ross, who co-founded and leads the startup Numeral, got the idea for his sales tax compliance company during his travels. He previously worked as a product manager at Airbnb and was looking to blend his entrepreneurial spirit with his love for travel. “Back in early 2018, I […]