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 8, 2026
IRS: 2026 Tax Filing Season to Start Jan. 26
The IRS expects to receive about 164 million individual income tax returns this year, with most taxpayers filing electronically.
Income Tax January 8, 2026
10 Tax Deductions the IRS Will Slap Down Fast
While there have been several unusual deductions that were approved by the courts or the IRS, here are 10 that didn’t make the grade.
Taxes January 7, 2026
House Backs Renewing Obamacare Tax Credits, Defying GOP Leaders
Swing-district Republicans defied party leaders to join Democrats in advancing legislation Wednesday to revive expired Obamacare subsidies for three years.
Taxes January 6, 2026
Retirement Savers Be Warned: A Tax Break Has Disappeared in 2026
For years, workers nearing retirement could decide whether to take the immediate tax break of pretax savings in their 401(k) plans or build tax-free income they could access later from a Roth IRA. But starting in January, that choice will disappear for high-income earners.
Taxes January 6, 2026
7 Wild and Crazy Tax Deductions that the IRS Actually Allowed
As the 2026 tax filing season gets underway, take note of these seven “wild and crazy” deductions that have previously been allowed.
Taxes January 6, 2026
New Postmark Change Impacts Tax Filings, Extensions, and More
A quietly released USPS postmark change update is changing how postmark dates are defined and applied, creating real problems for taxpayers.
Taxes January 6, 2026
AICPA Recommends Automating Extension Process for Taxpayers Affected by Federally Declared Disasters
The AICPA is requesting that the IRS leverage the use of its online taxpayer accounts to streamline the extension request submissions and notifications for section 1033 requests.
Taxes January 5, 2026
Billionaire Tax Proposal Sparks Soul-Searching for Californians
The controversial proposed ballot measure is already creating fractures among powerful Democrats who enjoy tremendous sway in California.
Taxes January 5, 2026
Bettors’ Phantom Winnings—in Nevada and Elsewhere—Now Face Real Tax Liability
Gamblers and casual bettors nationwide face a new tax reality: Starting in 2026, they can deduct just 90% of their losses against winnings, a drop from the prior full 100% allowance.
Taxes January 2, 2026
AICPA Asks IRS for Guidance on the Application of CAMT to Partnerships, Partners
The AICPA said its recommendations to the Treasury Department and the IRS aim to make the rules easier to understand and follow, which would help businesses comply with the law without facing excessive administrative burdens or uncertainty.
Taxes December 31, 2025
IRS Issues Proposed Regs on OBBBA’s Car Loan Interest Deduction
The IRS and U.S. Treasury just rolled out official guidance on a brand-new tax deduction that could save car buyers up to $10,000 in 2026.
Taxes December 31, 2025
IRS-CI Releases Its 2025 Highlight Reel
From tax evasion to cybercrime, IRS Criminal Investigation’s top 10 cases of 2025 resulted in multiyear prison sentences and multimillion-dollar financial settlements.