Taxes April 21, 2026
Here’s How Maine’s New Millionaire Tax Will Work
Starting next year, Maine will put a 2% tax on income over $1 million for single filers and $1.5 million for joint filers. It's expected to generate $74 million per year.
Taxes October 22, 2025
Senate Bill Making it Easier to Fix Math Mistakes on Your Tax Return is Headed to Trump’s Desk
The bipartisan IRS MATH Act, as it’s known, cleared the Senate unanimously on Oct. 21, after previously winning approval in the House of Representatives on a voice vote in April.
Special Section: Guide to 2025 Tax Changes October 22, 2025
New Tax Law Revives Favorable R&E Deductions – OBBBA Tax Law Changes
The OBBBA restores this tax break for businesses, retroactive to the beginning of 2025. It also adds certain enhancements and transitional rules that may benefit clients.
Taxes October 21, 2025
AICPA Seeks Safe Harbor for Reporting Tips and Overtime
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.
Taxes October 17, 2025
JB Pritzker and His Wife Report $10.3 Million in Taxable Income, $1.4 Million in Gambling Winnings
The Democratic Illinois governor offered a simple explanation on Oct. 16 for how he took home more than $1.4 million in gambling winnings last year: "I like to play cards."
Income Tax October 16, 2025
Income Taxes and Puerto Rico – Feds Increase Scrutiny of Residency: 2025 Update
Recent cases show that federal prosecutors have subpoenaed client files from a major law firm, signaling that investigators are reviewing taxpayers’ actions and also the advice and documentation prepared by advisers.
Taxes October 15, 2025
‘Bitcoin Jesus’ to Pay Nearly $50M to Settle Tax Evasion Case, Feds Say
Roger Ver, an early bitcoin investor, will pay nearly $50 million in back taxes, penalties, and interest stemming from his willful failure to properly report his bitcoin holdings on tax returns, the Department of Justice said Oct. 14.
Taxes October 15, 2025
IRS: Extended Federal Tax Filing Deadline Still Oct. 15 Despite Government Shutdown
Taxpayers who requested an automatic six-month extension to file their 2024 federal income tax returns earlier this year still have to get their paperwork in by Wednesday.
Taxes October 9, 2025
IRS Adjusts Tax Brackets, Standard Deduction for 2026
The IRS on Oct. 9 published the tax year 2026 inflation adjustments for more than 60 tax provisions, including updated tax brackets and standard deduction.
IRS October 6, 2025
Jarod Koopman Named IRS Acting Chief Tax Compliance Officer
In this acting role, Koopman will oversee IRS compliance operations, including the LB&I division, SB/SE division, TE/GE division, IRS-CI unit, Office of Professional Responsibility, Return Preparer Office, and the Whistleblower Office.
Taxes October 6, 2025
TIGTA Launches Interim Website During Government Shutdown
The interim website gives taxpayers access during the government shutdown to the watchdog's latest reports and keeps open ways for people to report fraud, waste, and abuse within IRS programs or by IRS employees.
Taxes October 3, 2025
IRS Posts Guidance on Opportunity Zone Tax Incentives for Rural Areas
The Treasury Department and the IRS issued new guidance Sept. 30 on qualified opportunity zone investments in rural areas under the One Big Beautiful Bill Act, the tax-and-spending bill signed into law in July.
Taxes October 2, 2025
IRS: Volunteers Needed to Provide No-Cost Tax Services
The IRS is seeking volunteers to support the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, which offer free basic tax return preparation to qualified individuals.