Tax School Blog

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

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IRS Provides More Overtime Deduction Guidance

The IRS has released additional guidance clarifying how the qualified overtime compensation deduction works. This post explains what counts as qualified overtime, how FLSA coverage affects eligibility, applicable deduction limits, and reporting requirements for employers and taxpayers for 2025 and 2026.

Illinois Tax Issues & Updates 2026: Questions Answered

Following the 2026 Illinois Tax Issues & Updates webinar, our instructor answers attendee questions on IDOR procedures, credits, PTE capital gains, apportionment, and other Illinois-specific issues.

The End of Paper Refund Checks—and What It Means for Filing Season Prep

The IRS is eliminating paper refund checks, shifting refunds and payments fully toward electronic methods. This change has important implications for filing season preparation, client intake, and payment planning. Learn what tax professionals should address now to help prevent delays once returns are filed.

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.