Taxes January 23, 2026
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes September 26, 2025
The state's highest court on Sept. 25 ruled that Pittsburgh's "jock tax"—a 3% charge on the income of out-of-state athletes and performers who use the city's three major sports venues—is unconstitutional.
Special Section: Guide to 2025 Tax Changes September 24, 2025
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.
Taxes September 23, 2025
The IRS will begin phasing out paper tax refund checks for taxpayers starting Sept. 30, marking a major shift toward electronic payments, the agency said Tuesday.
Taxes September 23, 2025
While many accounting professionals are familiar with the benefits of a cost segregation study for investment assets acquired during life, fewer recognize the value this tool brings in the context of estate or trust administration.
Taxes September 23, 2025
The new tax law—the One Big Beautiful Bill Act—creates a limited tax deduction for tips received by workers, starting in 2025. However, this new tax break is only temporary.
Taxes September 22, 2025
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.
Taxes September 22, 2025
Congress is staring down a Sept. 30 deadline to extend federal funding and avoid a government shutdown after competing proposals from Republicans and Democrats were blocked Friday in the Senate.
Taxes September 19, 2025
In a letter submitted to the Treasury Department and the IRS, the American Institute of CPAs has requested the improvement of several tax forms used by estates and trusts.
Taxes September 19, 2025
The Treasury Department and the IRS issued proposed regulations on Sept. 19 that confirm the occupations eligible for the deduction, which excludes any tips received for "illegal activity" and "pornographic activity."
Payroll September 18, 2025
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes September 16, 2025
Thanks to the new One Big Beautiful Bill Act (OBBBA), the federal estate tax exemption will hit new heights next year. And what a long, strange trip it’s been.
Taxes September 15, 2025
Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.