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 2, 2026
After Newsom Couldn’t Stop It, California Braces for Billionaire Tax Brawl
A week after Gov. Gavin Newsom failed to broker a deal to stop a proposed billionaire tax, both sides of the fight are trading blame and bracing for a high-stakes, nationally watched political brawl.
Taxes June 30, 2026
Some Republicans Join Missouri Democrats in Push Against Income Tax Phaseout
At least 10 Republican lawmakers, including state Rep. Tony Harbison, publicly have signaled their opposition to the plan by either voting "no" on the legislation or issuing statements later reversing their "yes" votes.
Taxes June 30, 2026
Could Initiative to Kill Washington’s ‘Millionaires Tax’ Also Kill the State’s Capital Gains Tax?
Opponents of an initiative to repeal Washington's new high-earners income tax are warning the proposal could also strike down other taxes, putting billions of dollars in state revenues that fund public services at risk.
Taxes June 29, 2026
Khanna Lays Into Gavin Newsom’s Tax Proposal, Setting Up 2028 Battle Lines
Rep. Ro Khanna slammed Newsom's national tax proposal, accusing him of being a “cheerleader for the billionaire class” by refusing to back a proposed wealth tax on California’s billionaires.
Taxes June 29, 2026
Georgia Tax Preparer Obtained $30,000 from Fraudulent Claims, Feds Say
Santeva Speights, who prepared tax returns in Milledgeville, GA, was charged Thursday with two counts of tax fraud after obtaining $28,490 from fraudulent tax filings, according to a federal indictment.
Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
Taxes June 26, 2026
California Governor Calls for National Tax on Billionaires After Opposing State’s Version
California Gov. Gavin Newsom argued that a federal push to ensure the wealthiest Americans pay their fair share would be more effective than a state effort set to appear on the Nov. 3 ballot.
Taxes June 26, 2026
Controversial Billionaire Tax Will Appear on November Ballot in California
A one-time 5% tax on California billionaires’ assets is headed to the November ballot, pitched as a way to backfill Trump administration healthcare cuts.
Taxes June 26, 2026
Study: Massachusetts ‘Not Progressive’ in How it Taxes Lower-, Middle-Income Households
A Boston-based nonprofit think tank says the state taxes a larger share of “typical families’” incomes than competing states.
Taxes June 25, 2026
4 Steps to Get Ahead of Higher Taxes
Most taxpayers do not proactively plan ahead on taxes for the next year. Having a CPA assist before the end of the year can result in a strategy to mitigate tax burden.
Benefits June 25, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
Taxes June 24, 2026
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
"In the end, the IRS performed better than expected in most respects," Erin Collins said. "But taxpayers who required assistance from the IRS often struggled to get it."