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.
Taxes February 19, 2026
Sanders Kicks Off California Billionaires Tax Campaign with Choice Words for the ‘Oligarchs’
Sen. Bernie Sanders on Wednesday formally kicked off the campaign to place a billionaires tax on the November ballot, framing the proposal as something larger than a debate about economic and tax policy.
Taxes February 18, 2026
GOP Lawmaker Proposes Measure to Block Key Element of Proposed California Wealth Tax
Rep. Kevin Kiley says he will introduce the "Keep Jobs in California Act of 2026" on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.
Taxes February 18, 2026
Here’s the Average Tax Refund So Far for Filing Season 2026, According to IRS Data
Early filers in the 2026 tax season are receiving larger tax refunds on average compared with last year, according to the latest weekly statistics released by the Internal Revenue Service.
Taxes February 18, 2026
Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act
The proposed 9.5% hike, which New York City Mayor Zohran Mamdani framed as the city’s nuclear option to close a $5.4 billion budget gap, would be the first of its kind since 2003.
Taxes February 18, 2026
Washington Governor Says Income Tax Proposal on Millionaires a ‘Good Start,’ But Wants More Tax Relief
Gov. Bob Ferguson said Tuesday that the current legislation to impose a state income tax on millionaires is a "good start," but called on lawmakers to devote more of the revenue to direct tax breaks and relief for residents.
Taxes February 17, 2026
NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy
Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.
Taxes February 17, 2026
‘Millionaires Tax’ Clears Washington Senate
The legislation, which now heads to the state's House for consideration, would levy a 9.9% tax on earnings over $1 million a year, and is estimated to bring in about $3.5 billion annually.
Taxes February 16, 2026
Massachusetts Lawmakers Urged to ‘Opt Out’ of New Federal Tax Policies
Gov. Maura Healey has proposed delaying implementation until next year of what she described as the five “most costliest” changes in the federal tax code created by the One Big Beautiful Bill Act.
Taxes February 16, 2026
Column: Another ‘Millionaires Tax’ Finds Seattle is Far Richer Than Anyone Knew
The city’s new social housing tax, levied on lofty pay packages to pay for public housing, was due Jan. 31. The startling news was that it blew the projections out of the water.
Taxes February 12, 2026
Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
Taxes February 12, 2026
Wyden Assails Trump Over $10 Billion Lawsuit Against IRS
Oregon Democratic Sen. Ron Wyden introduced a bill Feb. 10 to block the president from receiving any payout, by levying a 100% tax on it. The legislation is unlikely to move given Republicans’ majority in the Senate.
Taxes February 11, 2026
Trump’s OBBBA Cut Taxes on Tips, But Here’s Why Servers in Illinois and Other States Will Still Pay
Under the One Big Beautiful Bill Act, U.S. workers can now temporarily deduct tips from their federal income taxes, up to a $25,000 limit. But Illinois is one of the states that are decoupling with the policy, so tipped income will still be taxed at the state level.