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Powell Tax Law Blog

Posted by Powell Tax Law on 15 Jan, 2025

President-elect Donald Trump’s second term could significantly reshape the U.S. tax landscape over the next four years.

IRS

Posted by Powell Tax Law on 16 Oct, 2024

The Internal Revenue Service (IRS) released its annual inflation adjustments for tax year 2025 on Oct. 22 and it’s the tax brackets are bein...

IRS, Tax Law

Posted by Powell Tax Law on 4 Oct, 2024

As the year draws to a close, savvy taxpayers know it's time to start thinking about maximizing their tax credits. These valuable tools can ...

IRS, Tax Law, Dependents

Posted by Powell Tax Law on 4 Sep, 2024

As a small business owner, navigating the complex world of taxes can be daunting. However, understanding and utilizing available tax deducti...

IRS, Tax Law

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