Articles
Minimum income to file taxes in 2025: Who needs to file and why you might want to anyway
Determining whether you need to file a tax return in 2025 boils down to your income, age, and filing status. Whether you're earning as a full-time employee, self-employed, or a dependent, this guide will simplify the numbers and exceptions so you’re tax-ready. Filing status and minimum income requirements ...
Beware of the "pig butchering" scam: a growing threat to your privacy and finances
Evelyn, a 50-year-old navigating Los Angeles' tough dating scene after heartbreak, met Bruce, a charming, well-dressed man on Hinge. Their online romance deepened, but Bruce revealed a darker motive – convincing Evelyn to invest $300,000 in a fake crypto scheme. Later Evelyn discovered Bruce was just a ghost, part of a global fraud ...
How to change your name after marriage with the IRS: A guide to avoid tax season woes
Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. Ma...
Federal court blocks nationwide enforcement of Corporate Transparency Act (CTA)
Overview: A major setback for the Corporate Transparency Act On December 3, 2024, a federal court in Texas issued a landmark ruling prohibiting the enforcement of the Corporate Transparency Act (CTA) across the...
IRS announces inflation-adjusted tax penalties for 2025
The IRS has announced new inflation-adjusted tax penalties for 2025, impacting taxpayers, businesses, and tax professionals who file or pay taxes late or submit incorrect information. These penalties – part of the IRS’s enforcement strategy to maintain compliance – are outlined for the upcoming tax season and emphasize...
IRS announces 2025 retirement contribution limits and adjustments
The IRS has released updated retirement contribution limits for 2025, covering 401(k)s, IRAs, SIMPLE accounts, and other retirement plans. These adjustments, aimed at reflecting cost-of-living changes, include increased contribution limits and updated income thresholds for various retirement accounts, making it easier for Americans to s...