Accountable by KFM.

A single filer pays $7,000 of interest on a car loan in a year and earns $124,200. The deduction is $2,000. Those are the IRS's own numbers, from the example it wrote int…

The IRS does not have forever to assess more tax on a year you have already filed. There is a window, and when it closes, the year closes with it. The length of that wind…

The IRS received about 177 million returns this filing season, the most since 2021, and processed about 98 percent of them by April 15. That is the same share as last yea…

On August 5 we wrote that a business could not yet put $2,500 a year into an employee's Trump account, because the IRS had not written the rule for the "contribution prog…

199 payments through a platform in a year, $18,000 in all. Both figures sit under the restored 1099-K reporting threshold, and the platform still has to withhold federal …

On June 21, 2021 the IRS recorded a Seattle landscape architecture firm as owing no payroll tax for the first quarter of that year. The firm had reported $121,003 on that…

There is a real rule that lets you rent your home to your own business for up to 14 days a year and pay no federal tax on the rent. Three owners of a Planet Fitness franc…

Two customers buy the same $110 shirt off the same rack this month. Each one gets $15 off. One of those sales is taxable and the other is exempt, and nothing either custo…

The federal government will put $1,000 into a savings account for a child born after December 31, 2024 and before January 1, 2029. That is the piece of the new Trump acco…