Two of the most widely used credits — the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) — may offer significant opportunities to reduce a client’s federal income tax liability. This article provides an overview of these credits, including qualified expenses, income limits, institutional reporting requirements, and common filing issues — so you can better support your clients this back-to-school season and beyond.…

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Drake Software continues its tradition of excellence in the 2025 NATP Software Survey, earning top marks across multiple key categories. Learn more.…

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Recently, one of our valued customers reported receiving a suspicious call from an unfamiliar number offering a "discounted" version of Drake Software. We want to make it absolutely clear: this offer was not legitimate.…

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Here’s what you need to know about this update and how it benefits your workflow. What is Drake Hub?When logging in, you'll now land on the Home tab of Drake Hub — your new control center for…

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Get your copy of The Smart Tax Pro’s Guide to Building and Marketing a Thriving PracticeAre you a tax professional looking to grow your client base, retain loyal customers, and make your firm stand…

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

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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…

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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.…

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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