Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Taxes January 23, 2026
NATP Unveils Credentialing Program for Tax Professionals
The National Association of Tax Professionals announced Thursday two credentials available for tax practitioners through its new professional credentialing program.
Taxes January 22, 2026
California Billionaire Tax Proposal Roils Bay Area Havens, Divides Politicians
The proposal is roiling some of the Bay Area’s havens for the ultra-wealthy and setting off a vitriolic political fight over how far the state should go to fund its health care system—and whether the super-rich will tolerate it.
Taxes January 21, 2026
Mamdani Signals He’s Ready to Push Gov. Hochul on Tax Hikes as NYC Budget Shortfall Looms
Facing a potential $12 billion budget gap, New York City Mayor Zohran Mamdani indicated Jan. 21 he may push Gov. Kathy Hochul in budget negotiations to include tax hikes on millionaires and corporations.
Taxes January 21, 2026
IRS Says Military Members Are Not Taxed for This ‘Qualified Military Benefit’
The payments, which were part of President Donald Trump’s “Warrior Dividend” announced before Christmas and totaled $1,776, were distributed to approximately 1.45 million active-duty service members.
Taxes January 21, 2026
IRS, Treasury Update Safe Harbor Explanations for Retirement Plan Administrators
Notice 2026-13 provides two safe harbor explanations that plan administrators can use to satisfy the requirement under Section 402(f) of the tax code to provide certain information to recipients of eligible rollover distributions.
Sales Tax January 21, 2026
Upset About Online Sales Tax Lawsuit, Alabama Senator Proposes Cutting Cities’ Tax Revenue
Republican state Sen. Greg Albritton has filed two bills aimed at pressuring several cities to drop a lawsuit challenging the state's internet sales tax, known as the Simplified Sellers Use Tax.
Small Business January 21, 2026
Supreme Court Doesn’t Rule on Tariffs, With Next Potential Decision in February
After Wednesday’s hearing on President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook, the justices don’t have another scheduled courtroom session until Feb. 20.
Sales Tax January 20, 2026
Kim Kardashian’s Clothing Company Settles New Jersey Sales Tax Allegations
SKIMS has agreed to pay a $200,000 civil penalty to New Jersey to settle allegations that it collected sales tax on tax-exempt clothing items sold to New Jersey customers.
Taxes January 20, 2026
Reps. Pappas, Lawler Propose Bipartisan New Energy Tax Credit for Working Families
U.S. Reps. Chris Pappas (D-N.H.) and Mike Lawler (R-N.Y.) are proposing a temporary 75% federal tax credit for moderate-income families that pay more than 3% of their annual income on energy costs.
Taxes January 20, 2026
Reps. Miller and Horsford Introduce House Bill to Restore Gambling Loss Tax Deduction
The Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act would restore the long-standing rule allowing gamblers to deduct 100% of their gambling losses against their winnings.
Taxes January 20, 2026
Explaining California’s Billionaire Tax: The Proposals, the Backlash and the Exodus
The battle over a new tax on California's billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents.
Taxes January 19, 2026
Tax Court Halts Deduction for Conservation Easement
With a huge amount of tax dollars at stake, it is important to strictly adhere to the rules for qualified appraisals. Don’t be overly greedy.