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The 50th anniversary of the EITC

As a major element of the federal government’s antipoverty efforts, the earned income tax credit has come a long way in its half-century.

Taxation of undocumented immigrants

Certain tax rules and considerations specifically affect undocumented immigrants in the United States and their common circumstances, such as being ineligible for certain tax credits.

Planning for the AMT

Strategies can include accelerating income recognition or deferring deductions, certain tax elections, and optimal use of AMT net operating losses.

Business standard mileage rate increases for 2025

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 70 cents per mile driven, up 3 cents from 2024.