Explore how the legislative reconciliation process could shape 2025 tax policy — including TCJA extensions, SALT caps, and new tax breaks.…

Read more about How the Reconciliation Process Impacts 2025 Tax Law

As tax professionals prepare for the 2025 filing season, staying up to date on changes to the Earned Income Credit (EIC) is essential—not just for compliance, but for maximizing client refunds and minimizing audit risk. The IRS has issued several adjustments for tax year 2024 (filed in 2025), affecting income thresholds, credit amounts, and due diligence requirements. Earned Income Credit updates, EIC 2025 tax season, EIC eligibility 2025, IRS EIC guidelines…

Read more about EIC Eligibility Updates: What Do Tax Professionals Need to Know

For tax professionals, these provisions are more than legislative footnotes—they directly impact how you advise clients, calculate retirement-related taxes, and practice compliance with IRS requirements.…

Read more about Secure Act 2.0 Retirement, Tax Reform, and OB3

Cryptocurrency continues to raise questions for tax preparation clients, and 2025 brings even more complexity with new IRS guidance and reporting forms.…

Read more about 5 FAQs on Cryptocurrency Taxes in 2025

Explore key 2025 tax law updates from the One Big Beautiful Bill Act and their implications for tax professionals.…

Read more about The One Big Beautiful Bill Act: What Tax Pros Need to Know with Video

As summer travel heats up, many taxpayers turn their second homes into short-term rentals. While the extra income can be lucrative, it also introduces a complex mix of tax rules that require attention from seasoned tax professionals. If your clients own or are considering listing a vacation rental, here are key tax tips to keep in mind for the coming tax season and beyond.…

Read more about Vacation Rental Tax Tips for Tax Professionals

Expanding a tax practice requires a blend of strategy, innovation, and the ability to adapt. In a recent survey conducted by Drake Software, over 900 tax professionals shared their approaches to achieving business growth, offering a wealth of knowledge on what has worked in the current landscape.…

Read more about Tax Practice Growth Insights from 900+ Tax Pros [Free Download]

Discover how to evaluate and compare professional tax software based on features, pricing, support, compliance, and more to find the right fit for your firm.…

Read more about Compare Professional Tax Software

Learn about the 2025 IRS updates to protect tax pro clients from tax scams, fraud, ghost preparers, and false claims. Read more.…

Read more about Protecting Tax Clients from Scams: 2025 IRS Filing Updates

Drake Software has collected data from peers and the IRS to analyze in-season insights. Explore key filing statistics and industry shifts to help you strategize for a stronger, more informed tax season. Get your insights.…

Read more about Key IRS Trends: Strategize for Tax Year 2025 With Compelling Tips and Insights.