Personal Finance

The U.S. Department of the Treasury and the Internal Revenue Service issued final regulations requiring custodial brokers to report sales and exchanges of digital assets, including cryptocurrency. These…

The Internal Revenue Service (IRS) has issued a consumer alert regarding false information circulating on social media about non-existent Self Employment, Fuel, and Family Leave tax credits. This misinformation…

The estate tax, often referred to as the “death tax,” has long been a contentious issue in U.S. tax policy. Currently, the estate tax exemption allows individuals to transfer a significant amount of wealth…

Selling your home at a high price can be lucrative, but it may also come with tax implications. The IRS might require you to pay capital gains taxes on the profit you earn from the sale. Here’s a detailed…

In a unanimous decision issued on June 6, 2024, Justice Thomas ruled in favor of the Internal Revenue Service (IRS) on Estate of Connelly v. United States. The ruling held that life insurance proceeds…

The Internal Revenue Service issued a consumer alert following ongoing concerns about a series of tax scams and inaccurate social media advice that led thousands of taxpayers to file inflated refund claims…

The Internal Revenue Service (IRS) has adjusted the Health Savings Account (HSA) amounts for 2025. Here are the key changes: Individual Coverage: Family Coverage: The $1,000 “catch-up” additional contribution…

With millions of tax refunds going out each week, the Internal Revenue Service shared that recent improvements to Where’s My Refund? on IRS.gov remains the best way to check the status of a refund. The…

Last year, the Child and Dependent Care Enhancement Tax Credit delivered critical relief to roughly 210,000 families in Pennsylvania. Research has shown that a similar tax credit on the federal level…

Philadelphia has updated its guidelines for non-resident Wage Tax refunds which apply to tax years 2023 and beyond. The Wage Tax applies to all earnings made in Philadelphia, including salaries, wages…