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Income Tax

New Effort to Restore Gambling Loss Tax Deduction Busts in House

Taxes January 23, 2026 

New Effort to Restore Gambling Loss Tax Deduction Busts in House

The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.

Featured Articles

January 23, 2026  

April Announces Free Tax Filing for PayPal Debit Card Customers

January 22, 2026  

California Billionaire Tax Proposal Roils Bay Area Havens, Divides Politicians

January 21, 2026  

Mamdani Signals He’s Ready to Push Gov. Hochul on Tax Hikes as NYC Budget Shortfall Looms

January 21, 2026  

California Crypto Startup Moves to South Dakota as Debate Over Proposed Wealth Tax Heats Up

January 21, 2026  

Poll Funded by Opponents of California’s Wealth Tax Finds Support for Ballot Measure Under 50%
April Launches New Tax Filing Solution to Tackle Complex Financial Situations

Technology November 13, 2024 

April Launches New Tax Filing Solution to Tackle Complex Financial Situations

April introduced AprilPro, an AI-powered solution to meet the evolving needs of taxpayers who have intricate tax situations.

Jason Bramwell

Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You

Taxes November 13, 2024 

Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You

What does his tax proposals mean for you? Taxpayers should continue to monitor developments and prepare for tax law changes.

Some Financial Planning Steps to Take Now in This Economy

Taxes November 11, 2024 

Some Financial Planning Steps to Take Now in This Economy

While economists might lack prescience with their forecasts, they still provide valuable insight into our money moves.

Review of TaxGPT – The Accounting Technology Lab Podcast – Nov. 2024

Accounting Technology Lab Podcast November 9, 2024 

Review of TaxGPT – The Accounting Technology Lab Podcast – Nov. 2024

Brian Tankersley, CPA, and Randy Johnston review TaxGPT, an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x.

Brian Tankersley, Randy Johnston

IRS FY 2024 Financial Report Says Longtime Deficiency Resolved

IRS November 7, 2024 

IRS FY 2024 Financial Report Says Longtime Deficiency Resolved

The agency collected more than $5.1 trillion in tax revenue and more than $98 billion in enforcement revenue.

Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election

Taxes November 4, 2024 

Taxes, Tariffs and More: 5 Key Economic Stakes of the U.S. Election

Tuesday's election will have far-reaching economic consequences, ranging from how Americans are taxed to global trade and energy.

Bruins’ Struggles Due to Massachusetts State Taxes, Business Coalition Argues

Taxes November 4, 2024 

Bruins’ Struggles Due to Massachusetts State Taxes, Business Coalition Argues

A trend is forming in the Boston sports scene: if a team struggles, state taxes are blamed for the poor performance.

Campaign-Trail Tax Proposals Face Hard Road to Passage

Taxes November 1, 2024 

Campaign-Trail Tax Proposals Face Hard Road to Passage

Former members of Congress and staff have mixed predictions for the viability of the presidential candidates' tax proposals.

New IRS LB&I Pass-Through Unit Hits the Ground Running

Taxes October 29, 2024 

New IRS LB&I Pass-Through Unit Hits the Ground Running

The new work group, which was formed last fall, has officially started work to more efficiently conduct audits of pass-throughs.

Jason Bramwell

Florida Man Pleads Guilty to $1.7 Million Tax Evasion

Taxes October 25, 2024 

Florida Man Pleads Guilty to $1.7 Million Tax Evasion

A Florida man has pleaded guilty to evading the payment of more than $1.7 million he owed for tax years 2004 through 2014.

Isaac M. O'Bannon

Tax Lobbying Ramps Up in Q3 Ahead of Elections

Taxes October 24, 2024 

Tax Lobbying Ramps Up in Q3 Ahead of Elections

Lobbyists this year have stressed the need for companies to engage early on next year’s expiring tax provisions.

IRS Updates Tax Brackets, Standard Deductions For 2025

Taxes October 22, 2024 

IRS Updates Tax Brackets, Standard Deductions For 2025

While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.

Jason Bramwell

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