Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for tip-earning workers: the ability to exempt a portion of their tip income from federal income tax.

Historically, Colorado typically aligns with federal tax law, so when the federal government creates a tax exemption, it usually carries over to state taxes as well. But the new law tells Colorado taxpayers that they will still need to add back in any overtime pay that’s been excluded under federal rules.

Trump just signed a shocking new tax law that could force gamblers to pay income taxes even when they lose money overall.

The Social Security Administration circulated an imprecise email about the provisions in the new law. Here’s what it actually does.

President Trump's new tax legislation offers deductions for tips and overtime, but it may increase federal deficits and affect health insurance coverage.

But newly proposed legislation would make some future sales even more lucrative. The No Tax on Home Sales Act, introduced in the House of Representatives in July, would eliminate federal capital gains taxes on profits from the sale of primary homes.

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely impact the agency's performance, affecting taxpayers nationwide.