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 16, 2026
Intuit Opens a Brick and Mortar TurboTax Office in New York City, Plans On Locations Nationwide
Intuit says it plans to launch nearly 600 Expert Office locations, and 20 new TurboTax stores in locations across the nation.
Special Section: Guide to 2025 Tax Changes January 15, 2026
How Trump Savings Accounts Work in the New OBBBA
The IRS has yet to issue in-depth guidance on Trump accounts, but we have provided an outline of some basic rules below.
Taxes January 15, 2026
IRS Posts Interim Rules on Permanent 100% Additional First-Year Depreciation Deduction
The Treasury Department and the IRS released interim rules on the additional first-year depreciation deduction for eligible depreciable property acquired and placed in service after Jan. 19, 2025, provided by the One Big Beautiful Bill Act.
Technology January 15, 2026
TaxStatus Rolls Out Tax Prep Checklist and Tax Return History Tools
TaxStatus has launched two new productivity tools designed to help financial advisors, accountants, and tax preparers improve accuracy, efficiency, and client readiness ahead of the 2025 filing season.
Taxes January 15, 2026
Missouri Governor to Voters: Swap Income Taxes for More Sales Taxes
Gov. Mike Kehoe wants Missouri voters to phase out the state's income tax and fill the resulting $9 billion budget hole with an expansion of the state’s sales tax base.
Taxes January 14, 2026
6 Airplanes Seized by IRS at Private Maine Airport
The planes were seized from Thomas Shaughnessy, who has been "uncooperative" with the IRS as it attempts to collect the just over $1.6 million he owes from 2014, according to court records.
Taxes January 14, 2026
Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds
Sixty-one percent of Washingtonians back the idea of a 9.9% tax on incomes greater than $1 million, versus just 29% opposed, according to a poll from Northwest-based DHM Research.
Taxes January 13, 2026
ADP Pushes Lawmakers to Extend Work Opportunity Tax Credit
In a letter to the chairmen and ranking members of both tax-writing panels in Congress, ADP says it supports a five-year extension of the WOTC, which has been proposed in legislation by lawmakers in the House and the Senate.
Taxes January 13, 2026
Are Businesses Losing Money by Using ChatGPT-Style Tax and Financial Advice?
Misuse of these tools for complex financial decisions is creating a growing and costly risk, one accountants and bookkeepers fear will intensify as more firms treat AI outputs as reliable guidance.
Taxes January 12, 2026
Keeping Obamacare Tax Credits Alive is ‘Putting America First,’ GOP Senator Says
Sen. Bernie Moreno, R-Ohio, is one of approximately a dozen senators who're participating in talks to extend Obamacare credits that lapsed on Jan. 1, according to Politico.
Taxes January 12, 2026
Newsom’s Budget Includes $200M to Make Up for Trump’s Canceled EV Tax Credits
Gov. Gavin Newsom on Jan. 9 doubled down on California’s commitment to electric vehicles with proposed rebates intended to backfill federal tax credits canceled by the Trump administration.
Taxes January 9, 2026
Opinion: Americans Are Living in the Worst of All Tax Worlds
There's no doubt the U.S. needs more tax revenue, but there are far better ways to get it than tariffs, wealth taxes, or flat taxes.