IR-2025-88: Security Summit: IRS reminds tax pros to guard against identity theft as summer series wraps up

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Issue Number: IR-2025-88

Inside This Issue

Security Summit: IRS reminds tax pros to guard against identity theft as summer series wraps up

Week 5 of “Protect Your Clients; Protect Yourself” offers tax pros tools and advice to help protect important data.

WASHINGTON — The Internal Revenue Service and the Security Summit partners are closing out the fifth and final week of the “Protect Your Clients; Protect Yourself” awareness series by reminding tax professionals to stay vigilant and strengthen safeguards to protect against identity theft. In the first half of the year there were nearly 300 data breaches reported impacting as many as 250,000 clients.

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Tax pros: EFIN scams don’t sleep

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Issue Number: Tax Tip 2025-57

Tax professionals should always remain alert to any scams and protect their client data. A common scam geared towards tax pros aims to collect their Electronic Filing Identification Numbers. Read more

Preparing for Future Tip and Overtime Income

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The IRS has announced that no changes will be made to Form W-2 or other information returns regarding overtime and tip wages for Tax Year 2025, as part of the phased implementation of the One Big Beautiful Bill Act (OBBBA). This decision ensures stability for the upcoming tax season, allowing employers and payroll providers to continue using current procedures for reporting and withholding. For more details, visit the IRS announcement at IRS announces no changes to individual information returns or withholding tables for 2025 under the One Big Beautiful Bill Act | Internal Revenue Service. 

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IRS verified social media accounts and e-new services are best sources for tax-related information

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Issue Number:  Tax Tip 2025-53

Social media can be a resource for up-to-date tax information, especially with the many changes to the federal taxes in 2025. However, taxpayers should be mindful of what accounts they’re following for tax advice. Unfortunately, there’s a lot of inaccurate or scam advice being shared. Which is why it’s important that taxpayer get tax-related information from IRS verified social media account or e-news services.

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One Big Beautiful Bill Act: Tax deductions for working Americans and seniors

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Issue Number: FS-2025-03

Note: This Fact Sheet has been updated July 25 by adding to the section on “No Tax on Car Loan Interest” new language describing the requirement for “Final assembly in the United States.”
Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025.

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Summer activities that could impact next year’s tax return

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Issue Number: Tax Tip 2025-37

Summer is a time for fun but it’s never the wrong time to be thinking about taxes – and some summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for tax season.

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Potential Tax Benefits for Homeowners

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Issue Number: Tax Tip 2025-40

Owning a home costs money, but there are tax benefits available to help homeowners save on some of common costs of homeownership. Homeowners should review the tax deductions, programs and housing allowances to see if they are eligible.

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Have you been wondering how to handle IHSS income on a tax return?

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How to Handle IHSS Income on a Tax Return

In-Home Supportive Services (IHSS) payments can be tax-exempt in certain cases, depending on whether the provider lives with the recipient. Below are different scenarios and how to handle them when filing a tax return.

Here is also some more information about this topic and the instructions from the IRS website: Family caregivers and self-employment tax information

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IRS increases the standard mileage rate for business use in 2025; key rate increases 3 cents to 70 cents per mile

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Issue Number: IR-2024-312

WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.

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Taxware Systems Annual Seminar for the 2024 Tax Year

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Below you will find all the recordings, additional information as well as a list of the prize winners for each session.  This page will be updated with additional recordings and information over the week of the seminar.

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