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Income Tax

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

Taxes March 13, 2026 

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

The tax could come into play on any free agent contract the Seahawks sign since the NFL minimum salary in 2026 for any player who has played one season is set at $1.005 million.

Featured Articles

March 13, 2026  

Opinion: Tax Breaks for Football Players? That’s Just the Beginning in the SEC

March 13, 2026  

Wyden Questions Changes to Postmark Rule as Tax, Election Deadlines Loom

March 13, 2026  

Washington Business Groups Worry About How ‘Millionaires Tax’ Could Affect Competitiveness

March 12, 2026  

Democrats Float Tax Relief Plans to Home in on Affordability

March 12, 2026  

IRS Updates Withholding Estimator to Include OBBBA Tax Changes
IRS Decides to Shutter Nine Taxpayer Assistance Centers

Taxes September 9, 2025 

IRS Decides to Shutter Nine Taxpayer Assistance Centers

The IRS is reportedly closing nine taxpayer assistance centers in six states later this year in an apparent cost-savings move, as the agency faces a potentially smaller budget for fiscal year 2026.

Jason Bramwell

IRS Has Shared Data on More Than 40,000 Immigrants with ICE

Taxes September 4, 2025 

IRS Has Shared Data on More Than 40,000 Immigrants with ICE

The IRS has already shared the residential addresses of more than 40,000 foreigners with immigration authorities, who are seeking to have the confidential information of at least 1 million more people incorporated directly into their database.

Treasury Department Releases List of 68 Jobs Covered by ‘No Tax on Tips’ Provision of New Tax Bill

Taxes September 3, 2025 

Treasury Department Releases List of 68 Jobs Covered by ‘No Tax on Tips’ Provision of New Tax Bill

The Treasury Department has provided a list of 68 jobs that will be covered by the “no tax on tips” provision in the One Big Beautiful Bill Act.

IRS-CI is Cracking Down on Illegal Sports Gambling

Taxes September 2, 2025 

IRS-CI is Cracking Down on Illegal Sports Gambling

As the NFL season is set to begin on Thursday night and with the first official week of college football in the books, the IRS Criminal Investigation unit has a message for sports bettors: Bet safe. Bet legal.

Jason Bramwell

casino-wallpaper-161

Taxes September 2, 2025 

A Raw Deal for Gambling Loss Deductions (OBBBA)

Under the OBBBA, only 90% of gambling losses will be deductible, beginning in 2026. The other 10% is gone forever. What’s more, the overall limit on gambling losses up to the amount of gambling winnings remains in place.

JD, Ken Berry, JD

IRS Didn’t Accurately Report Wait Times for Taxpayers Calling for Help, TIGTA Says

Taxes September 2, 2025 

IRS Didn’t Accurately Report Wait Times for Taxpayers Calling for Help, TIGTA Says

The IRS claimed the average wait time for a taxpayer when calling the agency for assistance was three minutes during the 2024 filing season, but that's not exactly correct, the Treasury Inspector General for Tax Administration said in a recent report.

Jason Bramwell

IRS Says Tax Interest Rates to Stay Unchanged for Q4 of 2025

Taxes August 25, 2025 

IRS Says Tax Interest Rates to Stay Unchanged for Q4 of 2025

For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on Aug. 25.

Jason Bramwell

‘Ghost’ Tax Preparer Sentenced to 22 Months in Prison for Tax Fraud

Taxes August 25, 2025 

‘Ghost’ Tax Preparer Sentenced to 22 Months in Prison for Tax Fraud

Kim Brown, 40, of Augusta, GA, pleaded guilty to two counts of aiding and assisting in the preparation and filing of false income tax returns, according to the U.S. attorney for the Southern District of Georgia.

Jason Bramwell

Taxpayer Input Sought on Free Tax Filing Options as IRS Direct File Faces Elimination

IRS August 25, 2025 

Taxpayer Input Sought on Free Tax Filing Options as IRS Direct File Faces Elimination

Taxpayers have through Sept. 5 to fill out a survey that will be presented to Congress, as the Biden-era program that allows taxpayers to file their taxes for free is at risk of being shut down.

OnlyFans Creator Made $5.4M But Didn’t Pay Her Taxes, Feds Say

Taxes August 25, 2025 

OnlyFans Creator Made $5.4M But Didn’t Pay Her Taxes, Feds Say

Kylie Leia Perez, who lives in Tampa, FL, and uses the stage name “Natalie Monroe,” owes the IRS at least $1.6 million in back taxes, the U.S. Attorney's Office said on Aug. 14.

Georgia Senate Looks at Eliminating State Income Tax

Taxes August 22, 2025 

Georgia Senate Looks at Eliminating State Income Tax

Georgia legislators have been reducing the individual and corporate income tax rate for years — it will fall to 5.19% this year under a law signed by Gov. Brian Kemp in April.

New OBBBA Tax Law Shakes Up SALT Deduction Rules

Taxes August 15, 2025 

New OBBBA Tax Law Shakes Up SALT Deduction Rules

For the next few years, the new One Big Beautiful Bill Act (OBBBA) lifts the cap on annual SALT deductions from $10,000 to $40,000, paving the way for more itemizers to claim this write-off.

JD, Ken Berry, JD

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