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Congress is looking at the marriage tax penalty
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro Believe it or not, some married couples end up paying more tax than they would if they had stayed single. This is called a marriage tax penalty. Congress is now looking at ways to fix it. What is the marriage tax penalty? Imagine two people who both work and earn money. If…
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What is the new IRS rule for penalty relief and do I qualify?
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro Beginning in Summer 2026, the IRS may automatically grant relief for certain penalties on your originally filed tax return. The relief will initially apply to tax year 2025 returns and 2026 quarterly returns for employers/business owners. You may qualify automatically if…
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How to pay individual tax when EFTPS.gov closes in 2026
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro One of the traditional ways many individuals make tax payments is through the IRS Electronic Federal Tax Payment System (EFTPS) at www.eftps.gov. However, the IRS began to transition away from the use of EFTPS for individual taxpayers in 2025. This includes individual…
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Possible IRS Refund under Kwong case – July 10th deadline
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro Were you charged or did you owe penalties and interest to the IRS during the COVID-19 pandemic? If so, you may be eligible for a credit or refund of these penalties and interest assessed between January 20, 2020, and July 10, 2023, as a result of the recent Kwong v.…
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What is a Trump Account?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro With the signing into law of the One Big Beautiful Bill Act (OBBBA), the federal government introduced Trump Accounts, a new tax-advantaged savings and investment option for children. These accounts are designed to help families save for their children’s future. Here’s an…
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Why the IRS is going 100% digital on income tax refunds and payments for tax due
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro You may not have heard about the executive order signed on March 25, 2025, directing the Secretary of the Treasury to discontinue refunds by check and stop accepting the payment of taxes by check for all government agencies, including the IRS, as of September 30, 2025.…
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What are the top 10 changes introduced by the One Big Beautiful Bill Act (OBBBA)?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This new law extended and replaced the Tax Cuts and Jobs Act (TCJA), which was set to expire at the end of 2025. The OBBBA takes effect from 2025 through 2028. You may be wondering what…
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What is the IRS Gig economy tax center
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro Do you make money part-time online through platforms like FiVRR, Etsy or eBay? Did you create an App that’s earning you money every time it’s used? Or maybe you’re running a full-time retail shop through Amazon, renting out a spare room in your house, or letting others…
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IRS extends filing deadlines for 2024 disaster areas
Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro The IRS has extended tax filing and payment deadlines for individuals affected by recent disasters. Below is a summary of the updated deadlines along with links to official IRS announcements for more detailed information: October 15, 2025: Taxpayers in Los Angeles County,…
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What kind of tax relief is available for people living in the Los Angeles County disaster area?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Going through disasters can be a harrowing experience. No one should have to deal with major property and personal losses while having to worry about filing a tax return and paying taxes. Fortunately, there are many tax relief provisions that are activated every time…