Taxes
Latest in Taxes
IRS Announces 2026 Standard Mileage Rates: Business at 72.5¢
The IRS updated 2026 mileage rates, increasing the business rate to 72.5 cents per mile. Medical and moving rates dropped…
Hawaii 2026 State Income Tax Rates and Brackets: What Changes?
Hawaii’s 2026 income tax rules remain steady with a 1.4% to 11% rate range. This consistency helps new residents and…
Treasury and IRS Propose Higher TPSO Backup Withholding Thresholds
The IRS proposed new rules for payment platforms regarding backup withholding. Starting for tax years after 2024, withholding will only…
Get Ready for 2026 Tax Season: Set Up IRS Online, Gather Records
Taxpayers must file 2025 returns by April 15, 2026. Preparation involves using IRS Online Accounts, gathering W-2/1099 forms, and documenting…
Prepare for 2026 Tax Season: Key Updates and Tips
A comprehensive guide for immigrants filing 2026 U.S. taxes. It covers residency tests (1040 vs. 1040-NR), the push for direct…
IRS Guidance on Car Loan Interest Deduction Under One, Big, Beautiful Bill
A new tax deduction for interest on loans for American-made cars is pending. The public comment period ends February 2,…
IRS Tax Season Opens Jan 26, 2026: How to Prepare Now
The 2026 tax season for 2025 returns starts January 26, with a deadline of April 15. Immigrants must determine residency…
South Carolina 2026 Income Tax Rates: Two-Tier Brackets and SCIAD
South Carolina House Bill 4216 proposes a new two-tier income tax structure (1.99% and 5.39%) for 2026. It replaces traditional…