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 November 19, 2025
Senator Has the Tax-Exempt Status of College Athletics Revenue in Her Crosshairs
In a letter to the Joint Committee on Taxation, Sen. Maria Cantwell (D-WA) called for an analysis of the current landscape of college athletics centered around the policies that shield much of the industry from taxation.
Taxes November 19, 2025
Just Desserts for Missing Charitable Records
As evidenced by a taxpayer in a new case, Besaw, TC Sum. Op. 2025-7, 7/21/25, just missing one or two of the key ingredients can spoil the deal.
Taxes November 19, 2025
Trump Draws Line in Sand on Extending ACA Tax Credits
President Donald Trump on Tuesday gave his sharpest rebuke of congressional Democrats’ efforts to extend expiring Affordable Care Act enhanced tax credits, saying he would not support legislation to do so.
Taxes November 19, 2025
Tax Documents Show Trump Library is Counting on a $1 Billion Fundraising Haul
Donald Trump’s presidential library foundation plans to raise almost a billion dollars in tax-exempt contributions over the next two years to build and operate his high-rise legacy project in downtown Miami, according to new tax filings.
Taxes November 18, 2025
Chicago Mayor’s Head Tax Plan Defeated in Council Committee Vote
Chicago aldermen voted down Mayor Brandon Johnson’s 2026 budget in a Monday committee vote, a historic display of rebellion against the freshman mayor who has been struggling to shore up support for his controversial head tax.
Special Section: Guide to 2025 Tax Changes November 18, 2025
New Tax Breaks for Qualified Opportunity Zones – OBBBA Tax Law Changes
The OBBBA generally enhances the tax benefits available for investments in the Qualified Opportunity Zone (QOZ) program and makes these favorable tax law changes permanent.
Taxes November 18, 2025
Ex-Connecticut Tax Preparer Pleads Guilty to Tax Fraud After Owing Over $400K to the IRS
Diana Miller-Lloyd, 44, who currently lives in Jacksonville, FL, pleaded guilty in Hartford federal court to aiding in the preparation of false tax returns.
Taxes November 18, 2025
IRS Keeps Tax Interest Rates the Same for Q1 of 2026
For individuals, the rate for tax underpayments and overpayments will be 7% per year, compounded daily, the IRS said on Nov. 13.
Taxes November 18, 2025
Lawmakers Debate Eliminating Georgia’s Income Tax
Supporters say it will boost economic development, but opponents say it will hurt ordinary Georgians by hiking sales taxes and other fees.
Taxes November 17, 2025
YouTuber WhistlinDiesel Arrested for Felony Tax Evasion
The 27-year-old internet personality, whose real name is Cody Detwiler, is accused of “unlawfully and willingly” attempting to evade state sales tax he owed on his Ferrari, which could have amounted to tens of thousands of dollars.
Special Section: Guide to 2025 Tax Changes November 14, 2025
New Law Boosts ABLE Accounts for Disabled Americans – OBBBA Tax Law Changes
An ABLE account works like the better-known Section 529 account for higher education expenses. After you establish the account and contribute to it, any earnings inside the account are exempt from current tax.
Taxes November 13, 2025
IRS Bumps Up 401(k), IRA Contribution Limits for 2026
The amount individuals can contribute to their 401(k) plans and individual retirement accounts will be higher in 2026, the IRS announced on Nov. 13.