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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
 Washington State’s ‘Millionaires Tax’ Proposal Haunted by 1933 Court Decision

Taxes March 9, 2026 

Washington State’s ‘Millionaires Tax’ Proposal Haunted by 1933 Court Decision

The Washington State Supreme Court's 1933 Culliton v. Chase decision spawned Washington's often-criticized tax structure, which relies heavily on sales and business taxes.

 Former IRS Agent Sentenced to 18 Months in Prison

IRS March 9, 2026 

Former IRS Agent Sentenced to 18 Months in Prison

Kathleen Mannion, 59, of Lawrence, MA, pleaded guilty last May to four counts of aiding and assisting in the preparation and filing of a false tax return and one count of theft of government money.

Senators Push Trump for $200B Tax Cut Without Congress; Experts Say It’s Illegal

Taxes March 9, 2026 

Senators Push Trump for $200B Tax Cut Without Congress; Experts Say It’s Illegal

U.S. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., asked the Treasury Department to cut capital gains taxes on investors—and they claim the move does not need congressional approval.

Senate Democrat’s New Tax Proposal Could Change Paychecks for Millions

Taxes March 6, 2026 

Senate Democrat’s New Tax Proposal Could Change Paychecks for Millions

Sen. Chris Van Hollen, D-MD, has introduced a proposal that would eliminate federal income taxes for workers earning up to $46,000 and married couples earning up to $92,000, meanwhile adding a surtax on taxpayers earning more than $1 million.

 Washington ‘Millionaires Tax’ Headed for Passage as Governor Says He’ll Sign It

Taxes March 6, 2026 

Washington ‘Millionaires Tax’ Headed for Passage as Governor Says He’ll Sign It

Washington’s proposed new income tax for people earning more than $1 million a year appears headed for passage, with Gov. Bob Ferguson saying he’ll sign the latest version of the measure proposed by legislative Democrats.

 Here Are the IRS ‘Dirty Dozen’ Tax Scams for 2026

Taxes March 5, 2026 

Here Are the IRS ‘Dirty Dozen’ Tax Scams for 2026

With tax-filing season in full-go mode and with March 5 being National Slam the Scam Day, the IRS on Thursday announced its annual "Dirty Dozen" list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals.

Jason Bramwell

With the Blessing of Ex-IRS Chief, Prime Meridian Unveils Free Tax Filing Platform

Technology March 5, 2026 

With the Blessing of Ex-IRS Chief, Prime Meridian Unveils Free Tax Filing Platform

A new consumer-focused tax filing platform was released Thursday by Prime Meridian, a Palo Alto, CA-based company that includes former IRS commissioner Danny Werfel as a strategic advisor.

Jason Bramwell

 Hoping for a Tax Refund? Fund an IRA

Taxes March 5, 2026 

Hoping for a Tax Refund? Fund an IRA

This tax-deductible money move can help individuals lower their tax bills while growing their retirement savings.

irs1

Taxes March 4, 2026 

IRS Posts FAQs on OBBBA Changes to Adoption Tax Credit

The Treasury Department and the IRS issued a fact sheet on Feb. 27 that clarifies two changes to the adoption tax credit in President Donald Trump's tax law that was enacted last July.

Jason Bramwell

Mississippi’s Move to Make NIL Earnings Non-Taxable Could Flip the Script on College Football Recruiting

Taxes March 4, 2026 

Mississippi’s Move to Make NIL Earnings Non-Taxable Could Flip the Script on College Football Recruiting

The Mississippi House of Representatives recently passed legislation that would make name, image and likeness earnings tax-exempt for college athletes at the state level.

 Missouri House Panel Advances Plan to Phase Out State’s Income Tax, But Hurdles Remain

Taxes March 4, 2026 

Missouri House Panel Advances Plan to Phase Out State’s Income Tax, But Hurdles Remain

Republican Gov. Mike Kehoe’s attempt to replace Missouri’s income tax with sales and use taxes advanced to the full House Wednesday, setting up a potentially contentious debate in the coming weeks.

Sanders, Khanna Introduce Wealth Tax Bill Targeting Billionaires

Taxes March 4, 2026 

Sanders, Khanna Introduce Wealth Tax Bill Targeting Billionaires

A new bill introduced in Congress would provide direct payments of $3,000 to millions of Americans. The payments would be funded through an extra tax on some of the country’s wealthiest people.

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