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Income Tax

IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027

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.

Jason Bramwell

Featured Articles

November 6, 2026  

Supporters of Colorado’s Amendment 87 Declare Victory for Major Rewrite of State’s Tax Code

November 6, 2026  

Washington ‘Millionaires Tax’ is Upheld as Initiative 645 Fails

November 5, 2026  

Why California’s Billionaire Tax Was a Harder Sell Than Expected

November 5, 2026  

Millionaire Tax Wins Broad Support From Chicago Voters

November 4, 2026  

North Carolina Voters Back Property Tax Cap, Income Tax Cuts
While Billionaire Tax Flounders, Another Progressive Tax in California is Looking Likely

Taxes November 2, 2026 

While Billionaire Tax Flounders, Another Progressive Tax in California is Looking Likely

Proposition 3 is a tax measure that would make higher income tax rates permanent for single people who earn more than $371,000 or couples who earn more than $742,000.

Proposed Billionaire Tax Could Impact California Sports Teams

Taxes November 2, 2026 

Proposed Billionaire Tax Could Impact California Sports Teams

The billionaires targeted by the wealth tax on the November ballot include owners of some of California's top sports teams and, among them, there will be winners and losers if voters approve the measure.

Colorado Supreme Court Rejects Lawsuit Seeking to Stop Income Tax Measure

Taxes October 30, 2026 

Colorado Supreme Court Rejects Lawsuit Seeking to Stop Income Tax Measure

The Colorado Supreme Court on Friday shot down an attempt to nullify the vote on Amendment 87, allowing the proposal to raise taxes on the state’s wealthiest residents to proceed.

Billionaires Flood Final Stretch with $50M to Sink Prop. 40, California’s Wealth Tax

Taxes October 30, 2026 

Billionaires Flood Final Stretch with $50M to Sink Prop. 40, California’s Wealth Tax

A billionaire-backed group fighting Proposition 40 spent more than $50 million over the past week on efforts to thwart the wealth tax.

IRS lawsuit

Taxes October 29, 2026 

Do These 5 Things Before the End of 2026, IRS Urges

The IRS is recommending that taxpayers act on these five things now to make the upcoming filing season easier and avoid April surprises.

California’s Billionaire Tax Battle is Playing Out on Instagram—with Paid Influencers

Taxes October 29, 2026 

California’s Billionaire Tax Battle is Playing Out on Instagram—with Paid Influencers

As California decides whether to slap billionaires with a special tax, the Golden State's swarm of social media stars is chiming in—and increasingly getting paid to influence voters.

How the Tax Measures on Colorado’s Ballot Would Interact if Voters Pass All of Them—or Just Some

Taxes October 29, 2026 

How the Tax Measures on Colorado’s Ballot Would Interact if Voters Pass All of Them—or Just Some

Amendment 87 and propositions NN, 136 and 137 deal with taxes and tax refunds in differing ways.

Court Battles, Big Money and False Claims Swirl Around Colorado’s Income Tax Ballot Proposal

Taxes October 29, 2026 

Court Battles, Big Money and False Claims Swirl Around Colorado’s Income Tax Ballot Proposal

Tax measure, one of several on the ballot, has drawn bipartisan attacks and an unsuccessful legal challenge.

Tax Preparer Admits Role in $5.5M COVID Fraud Case in Allentown, PA

Taxes October 28, 2026 

Tax Preparer Admits Role in $5.5M COVID Fraud Case in Allentown, PA

Mayerlyn Cordero pleaded guilty to five counts felony wire fraud and one count felony conspiracy to file false claims in a scheme to defraud the federal government of COVID relief funds and tax returns.

Poll: California Billionaire Tax Loses Majority Support Ahead of Election

Taxes October 28, 2026 

Poll: California Billionaire Tax Loses Majority Support Ahead of Election

Support for California’s proposed one-time billionaire tax has fallen to 46%, with 52% opposed, as a new PPIC poll finds several closely watched ballot measures struggling ahead of Election Day.

Deductions

Tax Planning October 28, 2026 

How to Unlock Mortgage Interest Deductions for Home Improvements

Despite these crackdowns, you still may be able to deduct mortgage interest paid on a home equity loan or line of credit.

Ken Berry, JD

How Year-End Tax-Loss Harvesting Helps Your April Tax Bill

Taxes October 27, 2026 

How Year-End Tax-Loss Harvesting Helps Your April Tax Bill

Tax-loss harvesting is a strategy that potentially lowers the taxable income of investment returns held in taxable accounts.

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