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Trump Promised Americans $5,000 if Republicans Win Congress. Here’s the Math.
Trump has promised $5,000 payments to adult U.S. citizens if Republicans win Congress. Here’s the math, the funding questions, and what we know so far.
Tax News & Analysis
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That “MyChart Medicare Kit” Is a Scam
Scammers are impersonating MyChart with fake Medicare kits, medical test results, and other phishing schemes. Here’s how to spot the scams and stay safe.
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The IRS Has Tips for Rebuilding Records After a Disaster. They Work the Rest of the Time, Too
The IRS has tips for reconstructing tax records after a disaster—but the same strategies can help nonfilers, taxpayers facing IRS notices, and anyone missing important records.
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What Is Bonus Depreciation? Taxes From A to Z®
Learn how bonus depreciation works, which business property qualifies, and how OBBBA’s restored 100% deduction affects property acquired after January 19, 2025.
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IRS Enforcement Revenue Fell to $93.8 Billion in 2025
IRS enforcement revenue fell to $93.8 billion in fiscal year 2025 as audit activity and staffing declined. Here’s what the TIGTA data show.
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Getting to Know You Tuesday: Bruce Purcell
Meet Bruce Purcell, a former Marine and retired IT engineer who has been preparing tax returns for more than 50 years, from the U.S. to overseas.
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New IRS Rates Are Out: Why AFRs Matter
The IRS publishes applicable federal rates (AFRs) every month. You may have even seen them on the IRS website. Most recently, the IRS posted Revenue Ruling 2026-17, which notes that, for September 2026, the annual rates are 4.18% for short-term obligations, 4.49% for mid-term obligations, and 5.12% for long-term obligations. But what exactly are AFRs—and…
