Chester County News and Community Website
WASHINGTON, D.C. — Manufacturers, refiners, and certain agricultural producers may now deduct up to 100% of the cost of new production facilities in the year they are placed in service, …
New Tax Break Lets Factories Write Off 100% of Costs Read More
HARRISBURG, PA — Pennsylvania Treasurer Stacy Garrity is urging families to take advantage of a new federal savings initiative that provides a $1,000 investment account for children born between 2025 …
Garrity: Families Can Claim $1,000 Trump Accounts for Newborns Read More
WASHINGTON, D.C. — In a rapid-fire week of moves touching everything from college accreditation to student loans, the U.S. Department of Education signaled it intends to remake the rules that …
Education Department Rolls Out Broad Higher-Ed, Title IX Crackdown Read More
NORRISTOWN, PA — MRO warned that U.S. healthcare providers are entering a period of profound disruption as new federal policies, regulatory pressure, and rising costs collide, placing unprecedented strain on …
Health Policy Shockwaves Put Data at Center of Care, New MRO Report Finds Read More
WASHINGTON, D.C. — A sweeping trio of federal tax actions unveiled this week is poised to reshape how businesses invest, retirees plan, and military families file their returns, delivering faster …
Tax Shake-Up Delivers Faster Write-Offs, Clearer Rules, and a Break for Troops Read More
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service moved this month to expand health savings accounts while showcasing record-setting enforcement results, signaling a dual push to broaden tax …
IRS Rolls Out Sweeping HSA Expansion, Touts $10.6B Crime Crackdown Read More
WASHINGTON, D.C. — The Department of the Treasury and the IRS this past week released two sets of sweeping tax guidance that could reshape financial planning for rural lenders, tipped …
IRS Unveils New Tax Breaks for Rural Lenders, Tipped Workers, and Overtime Earners Read More
WASHINGTON, D.C. — The U.S. Department of Education announced Thursday that negotiators on the Reimagining and Improving Student Education (RISE) Committee reached a full consensus on a landmark package of …
Trump Administration Finalizes Sweeping Overhaul of Student Loan System Read More WASHINGTON, D.C. — The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping changes under the One Big Beautiful Bill …
IRS Unveils New Tools, Tip Relief Ahead of 2025 Tax Season Shake-Up Read More WASHINGTON, D.C. — The Internal Revenue Service released several key updates last week implementing provisions of the One, Big, Beautiful Bill (OBBB), including temporary reporting relief for auto lenders, new …
IRS Issues New Guidance on Car Loan Interest, Employee Credits, and 1099-K Thresholds Read More