The Tax Professionals Blog
Direct Tuition Payments
Paying for a child's education? Learn the differences between 529 plans and direct tuition payments, including tax advantages, estate planning benefits, and flexibility.
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Highlights of Internal Revenue Bulletin 2026-22...
This week's IRS Bulletin features updated IRS interest rates, mortgage bond housing price limits, retirement plan regulations, carbon sequestration credits, and employer mandate indexing adjustments.
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Medical Dependent
Did you know you may be able to deduct medical expenses paid for certain family members even if they aren't your tax dependents? Learn the rules and exceptions that could...
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Highlights of Internal Revenue Bulletin 2026-21...
This week's IRS Bulletin includes a reduction in enrolled agent exam fees, updated pension mortality tables for 2027, and guidance on payments for previously taxed dyed fuel.
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Optimizing 529 Plan Withdrawals in Conjunction ...
Using a 529 plan and claiming education tax credits requires careful coordination. Learn strategies to maximize tax savings while avoiding issues with overlapping education benefits and nonqualified withdrawal rules.
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Highlights of Internal Revenue Bulletin 2026-20...
The IRS has issued guidance for states, territories, and the District of Columbia on nominating census tracts for Qualified Opportunity Zone designation beginning in 2027.
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