Econostrum on MSN

IRS announces sweeping updates to tax deductions for millions of Americans

The Internal Revenue Service (IRS) has announced major revisions to the U.S. tax code following the passage of the One, Big, ...
Yogonet

FULL HOUSE Act introduced in Congress to reinstate full tax deduction on gambling losses

Under the current rule, individuals can only deduct up to 90% of their gambling losses, creating a scenario where they are ...

Gambling Tax Alert: New Law Cuts Loss Deductions, Bettors Face Big Hit

New 2026 gambling tax limits loss deductions to 90%, raising taxes for bettors. Learn how Congress is responding and what ...
JD Supra

What Medical Expenses Qualify as Tax Deductible Under Section 213 Of The Internal Revenue Code?

On March 17, 2023, the Internal Revenue Service (IRS) issued new frequently asked questions (FAQs) addressing whether certain costs related to nutrition, wellness, and general health are medical ...
The Daily Overview on MSN

2026 tax filing opens on this IRS date, what changes

The 2026 tax filing calendar is now locked in, and the window to claim new breaks created in President Donald Trump's latest ...