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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
Ex-Mayor of Indiana City Appeals Probation Sentence for Obstructing the IRS

Taxes March 26, 2026 

Ex-Mayor of Indiana City Appeals Probation Sentence for Obstructing the IRS

U.S. District Court District of Indiana Chief Judge Holly Brady sentenced James Snyder, the former mayor of Portage, Indiana, to three years probation and repayment to the IRS on March 10.

IRS Inflated Direct File Costs by $45 Million in 2025

Taxes March 25, 2026 

IRS Inflated Direct File Costs by $45 Million in 2025

Costs to operate the now-defunct Direct File free tax preparation program last year were significantly less than the IRS estimated, according to a new report from the Treasury Inspector General for Tax Administration.

Jason Bramwell

Feds File New Fraud Charges Against Illinois Tax Preparer

Taxes March 25, 2026 

Feds File New Fraud Charges Against Illinois Tax Preparer

Dormeshia A. Haire, 38, of St. Charles, MO, who worked in St. Clair County in Illinois as a tax preparer, is accused of making false statements on tax return forms to defraud the federal government.

 Ohio State Rep Wants to Repeal Taxes on Residents’ Capital Gains

Taxes March 25, 2026 

Ohio State Rep Wants to Repeal Taxes on Residents’ Capital Gains

State Rep. Tom Young is pushing to exempt Ohioans' capital gains from the state income tax, with the hope of making Ohio a more attractive place to invest and do business.

Deductions

Taxes March 23, 2026 

12 Little-Known Tax Deductions Many Business Owners Miss

From start-up costs to even health insurance premiums, identifying overlooked expenses early can make a meaningful difference to a company’s tax returns.

 New Bill Proposes to Exempt National Guard, Reserve Drill Pay From Federal Income Taxes

Taxes March 23, 2026 

New Bill Proposes to Exempt National Guard, Reserve Drill Pay From Federal Income Taxes

National Guard and Reserve members typically train one weekend a month with readiness activities throughout the year and receive pay for their service. A bill introduced in the House would exempt that money from federal income taxes.

 IRS Owes 1.3 Million Americans About $686 Each: Deadline to Claim is Near

Taxes March 23, 2026 

IRS Owes 1.3 Million Americans About $686 Each: Deadline to Claim is Near

The IRS estimates it has about $1.2 billion in unclaimed refunds for taxpayers who did not file their Form 1040 federal income tax return for the 2022 tax year.

 IRS Could Owe Many Americans COVID Tax Refunds: Here’s Why and How to Apply

Taxes March 23, 2026 

IRS Could Owe Many Americans COVID Tax Refunds: Here’s Why and How to Apply

A federal court ruling found that federal tax deadlines during the pandemic may have been automatically postponed by law, which could mean the IRS shouldn’t have charged certain interest and penalties during that time.

Where’s Your Tax Refund? IRS Income Tax Refund Schedule for 2026

Income Tax March 20, 2026 

Where’s Your Tax Refund? IRS Income Tax Refund Schedule for 2026

"When will I get my tax refund?” Nobody can give you an exact answer, but we can give you a good estimate. And no calculators or forms to fill out.

Isaac M. O'Bannon

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

Taxes March 19, 2026 

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

The Name, Image and Likeness bill passed the Mississippi House, but was killed March 16 by a unanimous vote of the state's Senate finance committee.

California’s Proposed Billionaire Tax Gains Majority Support in New Poll

Taxes March 19, 2026 

California’s Proposed Billionaire Tax Gains Majority Support in New Poll

A survey conducted by UC Berkeley and co-sponsored by the Los Angeles Times showed 52% of registered voters supported the billionaire's tax, while 33% said they opposed it. Fifteen percent were undecided.

 ‘No Tax on Overtime’ Falls Short of Expectations for Many Workers

Taxes March 19, 2026 

‘No Tax on Overtime’ Falls Short of Expectations for Many Workers

Across the U.S., workers are discovering that a new overtime tax break is proving less generous—and more complicated—than expected.

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