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2025 IRS inflation adjustments: Key tax changes and benefits for US taxpayers

The IRS has released its annual inflation adjustments for the 2025 tax year, which will affect a variety of tax provisions, including income tax brackets, standard deductions, credits, and deductions. These changes, outlined in Revenue Procedure 2024-...

Dual citizenship taxes: Guide for US expats

As a US citizen living abroad, you may find the complexities of dual citizenship taxes about as easy as practicing Brazilian Jujitsu, while covered in baby oil. Whether you've acquired citizenship in another country or you're an "accidental American," understanding your tax obligations is the only way to get a grasp on that slip...

Do missionaries pay taxes? Understanding IRS rules for missionaries

Disclaimer This article is for informational purposes only and does not constitute legal advice. Always consult with a tax professional for your specific circumstances. Mi...

IRS provides tax relief to victims of Hurricanes Milton, Helene, and related disasters

The IRS has announced extended tax relief for individuals and businesses affected by Hurricanes Milton, Helene, and other disasters in the Southeastern United States, including the entire state of Florida. These relief measures include extended filing deadlines, deposit penalty relief, and special provisions for those affected by the hu...

Social Security taxable wage base increases to $176,100 in 2025

The Social Security Administration (SSA) has announced significant updates for Social Security beneficiaries and workers in 2025, including a cost-of-living adjustment (COLA) and an increase in the taxable wage base. These changes will impact millions of retirees and work...

IRS provides tax relief to victims of wildfires and severe storms in Washington, Arizona, and Illinois

The IRS has announced tax relief for individuals and businesses affected by various natural disasters in Washington, Arizona, and Illinois. This relief extends the filing and payment deadlines for those impacted by wildfires and severe storms, providing critical support during challenging times. Wildfire and storm-affected ar...