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Income Tax

Hassan Proposes Bipartisan Bill to Give Tax Relief to Families of Fallen First Responders

Taxes May 14, 2026 

Hassan Proposes Bipartisan Bill to Give Tax Relief to Families of Fallen First Responders

Sen. Maggie Hassan, D-N.H., is co-authoring bipartisan legislation to provide two years of federal income tax forgiveness for families of fallen first responders.

Featured Articles

May 13, 2026  

Low Income Taxpayer Clinic Grant Application Period Runs Through July 6

May 13, 2026  

Foes of Washington ‘Millionaires Tax’ Launch Repeal Initiative

May 11, 2026  

‘Survivor’ Winner Reveals How Much of $1M Prize She Actually Kept After Taxes

May 11, 2026  

New Court Case Paves Way for Additional Disaster Refund Claims

May 11, 2026  

IRS: Applications for TCE and VITA Program Grants Now Accepted
Hoping for a Tax Refund? Fund an IRA

Taxes March 5, 2026 

Hoping for a Tax Refund? Fund an IRA

This tax-deductible money move can help individuals lower their tax bills while growing their retirement savings.

IRS Posts FAQs on OBBBA Changes to Adoption Tax Credit

Taxes March 4, 2026 

IRS Posts FAQs on OBBBA Changes to Adoption Tax Credit

The Treasury Department and the IRS issued a fact sheet on Feb. 27 that clarifies two changes to the adoption tax credit in President Donald Trump's tax law that was enacted last July.

Jason Bramwell

Mississippi’s Move to Make NIL Earnings Non-Taxable Could Flip the Script on College Football Recruiting

Taxes March 4, 2026 

Mississippi’s Move to Make NIL Earnings Non-Taxable Could Flip the Script on College Football Recruiting

The Mississippi House of Representatives recently passed legislation that would make name, image and likeness earnings tax-exempt for college athletes at the state level.

Missouri House Panel Advances Plan to Phase Out State’s Income Tax, But Hurdles Remain

Taxes March 4, 2026 

Missouri House Panel Advances Plan to Phase Out State’s Income Tax, But Hurdles Remain

Republican Gov. Mike Kehoe’s attempt to replace Missouri’s income tax with sales and use taxes advanced to the full House Wednesday, setting up a potentially contentious debate in the coming weeks.

Sanders, Khanna Introduce Wealth Tax Bill Targeting Billionaires

Taxes March 4, 2026 

Sanders, Khanna Introduce Wealth Tax Bill Targeting Billionaires

A new bill introduced in Congress would provide direct payments of $3,000 to millions of Americans. The payments would be funded through an extra tax on some of the country’s wealthiest people.

IRS Releases New Form Taxpayers Will Use to Claim Key OBBBA Tax Deductions

Taxes March 2, 2026 

IRS Releases New Form Taxpayers Will Use to Claim Key OBBBA Tax Deductions

The IRS has published Schedule 1-A and its related instructions for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, and auto loans, as well as the enhanced deduction for senior citizens, introduced in the One Big Beautiful Bill Act.

Jason Bramwell

Tax Refunds Are Up Double Digits So Far in 2026, IRS Stats Show

Taxes March 2, 2026 

Tax Refunds Are Up Double Digits So Far in 2026, IRS Stats Show

Tax refunds are up by more than 10% so far in 2026 with the average refund worth $351 more when compared to this time last year, according to the latest round of refund statistics revealed by the IRS on Feb. 27.

California Bill Would Exclude Military Retirement Pay From State Taxable Income

Taxes March 2, 2026 

California Bill Would Exclude Military Retirement Pay From State Taxable Income

A new bipartisan effort is underway in the California Legislature to ensure veterans and survivors won’t have to pay state income tax on retirement pay and survivor benefits.

Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year

Taxes March 2, 2026 

Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year

Eligible Hoosiers whose earnings this year include gratuities or overtime will not be required to pay state or county income tax on the money when they file in 2027.

Washington State House Democrats Push to Strip Corporate Break From ‘Millionaires Tax’

Taxes February 27, 2026 

Washington State House Democrats Push to Strip Corporate Break From ‘Millionaires Tax’

Thirteen Democratic lawmakers said Senate Bill 6346—which would impose a 9.9% tax on income above $1 million annually—should move forward only if a provision accelerating a major corporate tax break is removed.

IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams

Taxes February 26, 2026 

IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams

A new web page on IRS.gov consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to report suspicious activity, the agency said on Feb. 26.

Jason Bramwell

IRS Data: Average Refunds Are Bigger in 2026, Even as Fewer People File Early

Taxes February 25, 2026 

IRS Data: Average Refunds Are Bigger in 2026, Even as Fewer People File Early

So far, compared to the 2025 tax filing season, filers are seeing more money back in refunds despite overall lower filing counts.

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