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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
 Study: Massachusetts Income Tax Cut Would Slash State Revenues, Give Big Breaks to Top Earners

Income Tax March 19, 2026 

Study: Massachusetts Income Tax Cut Would Slash State Revenues, Give Big Breaks to Top Earners

A potential ballot question this fall to shave Massachusetts' state income tax from 5% to 4% would put a $5.1 billion dent in the state budget, if passed, according to Tufts University.

 Average Tax Refund in 2026 Now at $3,676 as Filing Deadline Nears

Taxes March 18, 2026 

Average Tax Refund in 2026 Now at $3,676 as Filing Deadline Nears

The average tax refund is up by more than $350 year-over-year according to data released by the IRS for the week ending Feb. 28, 2026.

 IRS: Over 830,000 Tax Refunds Delayed After Filers Miss Key Step

Taxes March 18, 2026 

IRS: Over 830,000 Tax Refunds Delayed After Filers Miss Key Step

IRS CP53E notices are going to taxpayers whose returns lacked valid direct deposit information, and the delays could stretch beyond 10 weeks for some filers.

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.

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

Taxes March 13, 2026 

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

Ole Miss and Mississippi State could soon have a recruiting advantage over its SEC rivals across the border thanks to a new bill that would eliminate income tax for college athletes.

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

Taxes March 13, 2026 

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

Wide-scale changes to when the U.S. Postal Service collects mail and postmarks envelopes could jeopardize timely tax returns and the ability for voters in Oregon and other states to have their ballots counted, Sen. Ron Wyden (D-OR) warned March 12.

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

Taxes March 13, 2026 

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

"Policies that layer on additional taxes make Washington less competitive to neighboring states, at a time when employers have many choices about where to invest and create jobs," said Alisha Benson, CEO of Greater Spokane Inc.

 Democrats Float Tax Relief Plans to Home in on Affordability

Taxes March 12, 2026 

Democrats Float Tax Relief Plans to Home in on Affordability

Democrats with potential presidential aspirations have unveiled a slew of tax breaks in recent days that emphasize the party’s focus on affordability in hopes of taking back the White House.

 IRS Updates Withholding Estimator to Include OBBBA Tax Changes

Taxes March 12, 2026 

IRS Updates Withholding Estimator to Include OBBBA Tax Changes

The IRS has enhanced its Tax Withholding Estimator to reflect changes to tax credits and deductions under the One Big Beautiful Bill Act, including new deductions on tips, overtime, auto loan interest, and other tax breaks.

Jason Bramwell

 Missouri House OKs Switch to Sales Tax From Income Tax

Sales Tax March 12, 2026 

Missouri House OKs Switch to Sales Tax From Income Tax

The Missouri House Thursday approved Gov. Mike Kehoe’s plan to switch the state’s main source of revenue from income taxes to sales taxes.

Washington State ‘Millionaires Tax’ Passes Senate, Gov. Ferguson Expected to Sign Into Law

Taxes March 12, 2026 

Washington State ‘Millionaires Tax’ Passes Senate, Gov. Ferguson Expected to Sign Into Law

The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.

 After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami

Taxes March 12, 2026 

After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami

Billionaire Howard Schultz alluded to the business environment in Washington state, where a measure that’s been dubbed a “millionaires tax” came closer to final legislative approval this week.

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