Tax School Blog

Practical tax insights for working tax professionals.
Written by tax professionals for CPAs, EAs, and tax preparers.

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What You Read Most in 2025: Top 10 Tax School Blog Posts

A look back at the 10 most-read Tax School blog posts published in 2025, highlighting the tax topics that drew the most attention from readers throughout the year.

IRS Year in Review: Another Year of Transition

The IRS spent 2025 juggling leadership turnover, shutdown disruptions, and stalled modernization efforts. Here’s a grounded look at what actually changed this year—and what tax professionals should expect heading into 2026.

OBBBA Update: Qualified Tips and Overtime Compensation for Tax Year 2025

The One Big Beautiful Bill Act (OBBBA) created new deductions for 2025–2028 for qualified tips and qualified overtime compensation. This overview covers eligibility and phase-outs—and links to a Feb. 9 update with additional IRS guidance.

Holiday Tax Deduction Myths: Sorting Fact from Fiction

Clients often bring surprising holiday tax questions—about meals, gifts, events, and charitable giving. This article breaks down the most common myths and what the IRS actually allows.

Can Your Clients Deduct Customer Appreciation Events and Team Building Costs?

Customer appreciation and team-building events can be great strategies for taxpayers to network and improve working relationships. While these expenses may certainly relate to a taxpayer’s business, they aren’t always fully deductible.

Illinois Amnesty & Income Tax Law Changes: What You Need to Know

The 2025 Illinois Tax Delinquency Amnesty Act provides taxpayers with a limited-time opportunity to pay outstanding Illinois state tax liabilities without penalties or interest.