Tax Law changes Archives - Federal Direct Tax https://www.federaldirecttax.com/blog/tag/tax-law-changes/ Helping Individuals & Businesses Enter The Tax Preparation Industry Thu, 16 Apr 2026 17:59:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Why was my 2026 tax refund so low? https://www.federaldirecttax.com/blog/why-was-my-2026-tax-refund-so-low/ Thu, 16 Apr 2026 17:59:57 +0000 https://www.federaldirecttax.com/?p=5392 Big tax law changes rolled through in 2025 that impacted many taxpayers in either positive or negative ways. If your tax refund was lower than expected, it was probably because of a new tax law change or it may have been due to a misunderstanding of tax law application.  If you have an ITIN but […]

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]]> Fiscal Cliff & Taxmageddon or Fear Mongering? Probably the Latter… https://www.federaldirecttax.com/blog/fiscal-cliff-taxmageddon-or-fear-mongering-probably-the-latter/ Thu, 01 Nov 2012 14:45:59 +0000 http://www.federaldirecttax.com/blog/?p=1186 A couple of weeks ago we wrote about the “Fiscal Cliff”, tax provisions set to expire at the end of 2011, and, as of right now, they are not applicable to 2012 Federal returns. With the upcoming presidential election, congress still has no plan to act on extending the Bush era tax cuts. Each presidential […]

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]]> Tax Implications of Federal Government passing Debt Ceiling Increase https://www.federaldirecttax.com/blog/tax-implications-of-federal-government-passing-debt-ceiling-increase/ Wed, 03 Aug 2011 15:24:13 +0000 http://www.federaldirecttax.com/blog/?p=630 The bill to increase the US debt ceiling passed both the House and Senate Monday evening.  The bill raises the debt ceiling in several increments throughout the next year and gets us past the 2012 election.  A “super committee” comprised of both Republicans and Democrats will convene to approve another 1.5 trillion in borrowing for […]

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]]> Senators Press IRS to Adapt Tax Code for Same-Sex Couples https://www.federaldirecttax.com/blog/senators-press-irs-to-adapt-tax-code-for-same-sex-couples/ Tue, 28 Jun 2011 13:00:30 +0000 http://www.federaldirecttax.com/blog/?p=566 8 democratic Senators have pressed the IRS for appeals to the tax code relating to the handling of same-sex couples.  Many states now allow for same-sex couples to file joint State returns, however these same couples must file separate federal tax returns.  A heavy portion of the problems these couples face are related to dealing […]

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]]> Business Mileage Deductions Changes for 2nd Half of 2011 https://www.federaldirecttax.com/blog/business-mileage-deductions-changes-for-2nd-half-of-2011/ Fri, 24 Jun 2011 15:23:38 +0000 http://www.federaldirecttax.com/blog/?p=561 The IRS has just released its’ adjusted mileage rates for the second half of tax year 2011. These rates will be in effect for all clients returns this coming January. Be aware, taxpayers always have the option of calculating and using actual expenses for their vehicle, but typically the mileage rates offer taxpayers the most […]

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