Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes July 30, 2026
Silicon Valley Donors Poured $194M Into California Politics. Now Comes the Billionaire Tax Fight
Their candidates produced mixed results in June, but November’s billionaire tax fight could reveal how much influence their money can buy.
Taxes July 29, 2026
Washington ‘Millionaires Tax’ Repeal Faces Legal Fight Over 21 Words
The stakes over those 21 words are high for the November vote on Initiative 645, which would repeal the recently enacted 9.9% tax on households earning more than $1 million a year.
Taxes July 27, 2026
New Washington ‘Millionaires Tax’ Lawsuit Challenges Ballot Language
A lawsuit challenges the constitutionality of the public investment impact statement that will appear on the November ballot alongside an initiative to repeal the state’s “millionaires tax.”
Taxes July 24, 2026
Illinois’ Digital Asset Tax Creates a New Compliance Regime for 2027
While the 0.2% rate seems straightforward, most everything needed to administer the tax in practice is less certain.
Taxes July 23, 2026
Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He’s Still Fighting
Wilson Perry Kirby, 76, says a $20,000 refund the IRS sent by mistake has turned into a yearslong dispute.
Income Tax July 22, 2026
Seven Form 990 Red Flags CPAs Should Not Ignore
A difference in wording is not necessarily a problem. Yet at the same time, a material change in purpose or activity may be.
Taxes July 22, 2026
Senator Tuberville’s Idea to End Alabama’s Income Tax Faces a $7.5 Billion Obstacle
Last year, Alabama got $7.5 billion in revenue from corporate and personal income taxes. That money makes up 70% of K-12 funding.
Taxes July 22, 2026
6 Things to Know About the Plan to Phase Out Missouri’s Income Tax
The heavily contested proposal, known as Amendment 5, is the top priority this year for Republican Gov. Mike Kehoe, who says states without income taxes are better positioned for economic growth.
Taxes July 21, 2026
Americans Don’t Know Their Taxes: A Third Fear They’ve Missed Deductions or Credits
These issues may explain why one in four (25%) Americans say tax season negatively impacts their mental health.
Taxes July 17, 2026
Michigan Lawmakers Revive Tax-the-Rich Push
Some state lawmakers are reviving the push to tax Michigan’s wealthiest earners to drum up more money for K-12 schools after a campaign to get a proposal on November’s ballot was suspended earlier this year.
Taxes July 15, 2026
Here’s How Much Americans Pay in Taxes Over Their Lifetime
In fiscal year 2025, the federal government collected $2.66 trillion in individual income taxes. But how much will the average American pay in income and other taxes throughout their lifetime?
Taxes July 15, 2026
Ferguson Campaigns Against Initiative to Repeal Washington ‘Millionaires Tax’
Gov. Bob Ferguson kicked off a campaign to preserve the state’s new high-earners income tax on Tuesday, arguing an initiative to kill the tax would have disastrous consequences for schools, small businesses and families.