Tytn Business Development

Standard Deduction went up for 2025

IRS updates 2026 tax deductions for people age 65 and older: Why it matters Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

Heads up for next year -

IRS makes historic change to how it handles tax returns: What’s next How you get your tax refund may look a lot different this year — here's what changed.

Interest rate going to 8% -

IRS move could carry hefty cost for some taxpayers The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

Important tax reminders for people selling a home | Internal Revenue Service Tax Tip 2022-78, May 19, 2022 — A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.

And we ‘absolutely’ believe him, don’t we?

Tax return backlog will ‘absolutely’ clear by end of 2022, says IRS Commissioner Charles Rettig IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.