christina4422

Add caption Tax laws are changing faster than most people realize. The One Big Beautiful Bill — signed into law on July 4, 2025 (P.L. 119-21) — was the most significant overhaul of the tax code since 2017, and many of the changes retroactively affect your 2025 return. If you filed an extension, your individual return is due October 15, 2026 — that deadline is still ahead of you. We've compiled the most important mid-year updates below. As always, if any of these situations apply to you, give...

The federal government is eliminating paper checks in favor of electronic payments, though most taxpayers won’t be affected since 93% already use direct deposit. An executive order requires federal agencies to transition to electronic funds transfer, and the IRS began phasing out paper refund checks for individuals on September 30, 2025. Taxpayers who file without banking information may face delays and additional steps, and while alternatives exist for those without bank accounts, they...