Tax and IRS News Archives - Affordable Tax Relief https://affordabletaxrelief.com/blog/tax-and-irs-news/ Tax Relief & Resolution - Trust the Experts at Affordable Tax Relief Mon, 18 Aug 2025 19:22:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://optimataxrelief.com/wp-content/uploads/2023/10/cropped-favicon_512-1-1-32x32.png Tax and IRS News Archives - Affordable Tax Relief https://affordabletaxrelief.com/blog/tax-and-irs-news/ 32 32 2025 IRS Tax Brackets and Standard Deductions  https://affordabletaxrelief.com/blog/2025-irs-tax-brackets-and-standard-deductions/ Thu, 14 Aug 2025 20:21:49 +0000 https://affordabletaxrelief.com/?p=21774 With 2025 on the horizon, taxpayers are beginning to plan for how they will file their returns. The IRS updates tax brackets and standard deductions annually to account for inflation and legislative changes. This will affect how much individuals and families owe. Let’s examine the newly announced 2025 tax brackets and standard deductions, as well […]

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]]> IRS Interest Rates Hold Steady for Q3 2025 https://affordabletaxrelief.com/blog/irs-interest-rates-hold-steady-for-q3-2025/ Fri, 04 Jul 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=25081 The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter. These rates, effective from July 1 through September 30, 2025, play an essential role in how both individuals and businesses manage their tax responsibilities. Staying current on IRS interest rate trends can help taxpayers make […]

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]]> IRS Staffing and Service Concerns  https://affordabletaxrelief.com/blog/irs-staffing-and-service-concerns/ Fri, 27 Jun 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24257 The IRS plays a critical role in maintaining the U.S. tax system, collecting trillions of dollars in revenue and enforcing tax laws. In recent years, the agency has gone through significant changes. After a period of revitalization under the Biden administration, the Trump administration is now pushing for major reforms that are reshaping how the […]

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]]> IRS Direct File: Recent News https://affordabletaxrelief.com/blog/irs-direct-file/ Fri, 13 Jun 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=14155 Tax season can be a daunting time for many Americans. The IRS hopes to ease taxpayer stress with its new free tax filing pilot program, Direct File. This initiative aims to simplify the tax-filing process and make it more accessible for all taxpayers. In this article, we will explore the key features of the program […]

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]]> 2025 State-Level Tax Changes    https://affordabletaxrelief.com/blog/2025-state-level-tax-changes/ Mon, 07 Apr 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24222 State tax systems are seeing major changes in 2025, with many states adopting flat income taxes, cutting corporate rates, and adjusting sales tax policies. These reforms aim to simplify tax codes, reduce burdens, and boost economic growth. In this article, we’ll highlight the most significant state-level tax changes, explore key trends, and look at how […]

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]]> Understanding the Tax Relief for American Families and Workers Act of 2024  https://affordabletaxrelief.com/blog/tax-relief-for-american-families-and-workers-act-of-2024/ Tue, 01 Apr 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24169 The Tax Relief for American Families and Workers Act of 2024 was designed to provide financial relief to families, workers, and businesses. It aimed to expand tax credits, adjust eligibility rules, and introduce new incentives to support economic stability. While the bill passed in the House of Representatives in 2024, it did not pass in […]

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]]> IRS Announces Interest Rates for Q2 of 2025  https://affordabletaxrelief.com/blog/irs-announces-interest-rates-for-q2-of-2025/ Mon, 10 Mar 2025 08:00:00 +0000 https://affordabletaxrelief.com/?p=24016 The IRS has announced that interest rates for the second quarter of 2025 will remain unchanged from the first quarter. These rates apply to tax overpayments, underpayments, large corporate underpayments, and corporate overpayments exceeding certain thresholds. While the rates remain steady, their impact on taxpayers and businesses remains significant.  Understanding these interest rates is crucial […]

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]]> IRS Announces Interest Rates for Q1 of 2025  https://affordabletaxrelief.com/blog/irs-announces-interest-rates-for-q1-of-2025/ Mon, 16 Dec 2024 08:00:00 +0000 https://affordabletaxrelief.com/?p=22521 The IRS has released its updated interest rates for the first quarter of 2025, bringing important changes that will impact both individual and corporate taxpayers. Understanding these rates is crucial for effective tax planning and financial management. Here is an overview of the new interest rates and what they could mean for your tax liability. […]

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]]> 2025 IRS Tax Inflation Adjustments  https://affordabletaxrelief.com/blog/2025-irs-tax-inflation-adjustments/ Tue, 10 Dec 2024 08:00:00 +0000 https://affordabletaxrelief.com/?p=22087 The IRS has announced its annual inflation adjustments for 2025, impacting a wide range of tax provisions. These adjustments are designed to prevent taxpayers from being pushed into higher tax brackets due to inflation. We’ve discussed the updated tax brackets and standard deductions in a previous post. Here’s a breakdown of the other most significant […]

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]]> What is the Federal Disaster Tax Relief Act?  https://affordabletaxrelief.com/blog/what-is-the-federal-disaster-tax-relief-act/ Mon, 22 Jul 2024 08:00:00 +0000 https://affordabletaxrelief.com/?p=20944 The Federal Disaster Tax Relief Act is a legislative measure proposed by the U.S. Congress to provide tax relief and assistance to individuals and businesses affected by natural disasters. This Act is part of a broader effort by the federal government to alleviate the financial burden on those impacted by disasters such as hurricanes, wildfires, […]

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