The Daily Overview on MSN

"No tax on Social Security" doesn't match what the law actually says

Campaign slogans promise retirees "no tax on Social Security," but the Internal Revenue Code does not work in slogans. Federal law still treats a portion of many retirees' monthly checks as taxable ...
Forbes

Peeking Behind The Code—IRS Just Open-Sourced Direct File

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. Members of Elon Musk's Department of Government ...
The New York Times

The Core of the Tax Code Will Change, but We Don’t Know How

Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on ...
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House GOP Bill Aims to Abolish the IRS and Rewrite the Tax Code

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act of ...

Understanding IRS Publication 557 for Tax-Exempt Status

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.