Taxes April 21, 2026
Here’s How Maine’s New Millionaire Tax Will Work
Starting next year, Maine will put a 2% tax on income over $1 million for single filers and $1.5 million for joint filers. It's expected to generate $74 million per year.
Taxes April 9, 2025
Americans Who Say Their Taxes Are ‘Fair’ Reaches Near Record Low, Gallup Finds
More Americans believe what they pay in federal income taxes to the IRS is unfair, as tax fairness nearly reaches an all-time low, according to a new Gallup poll.
Taxes April 8, 2025
IRS to Share Immigrant Tax Data to Build Criminal Cases
The IRS will give taxpayer data about immigrants to U.S. authorities conducting criminal investigations, saying it will support President Donald Trump’s pledge to deport people illegally in the U.S.
Taxes April 8, 2025
Republicans Float Idea of a Top Tax Rate of 40% for Millionaires
Republicans are reportedly mulling the idea of creating a new top tax rate that would be around 39% to 40% as a way to offset some of the costs of their tax package.
Taxes April 8, 2025
How Much Do the Top 1% Pay in Taxes in Each State?
The total income tax for the top 1% is more than $50 billion in four states, according to a GOBankingRates report—California ($122 billion), Florida ($96 billion), Texas ($81 billion), and New York ($79 billion).
Taxes April 7, 2025
ICYMI, the IRS Gave Taxpayers in 12 States a Pass on Filing Their Taxes on Time
The IRS issued a reminder on April 4 that those who are filing from areas where disaster declarations took place in 2024 get until May 1 to file.
Taxes April 7, 2025
IRS Says Average Tax Refund Up Nearly 4% From Last Year
More than 61.5 million Americans have received their annual tax refunds from the IRS, with the average filers getting back about 4% more than they did last year.
Taxes April 4, 2025
Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter – April 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
Taxes April 2, 2025
Washington Gov. Ferguson Says He Won’t Sign a State Budget with a New ‘Wealth Tax’
Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.
Taxes April 1, 2025
How the 50 States Rank By Tax Burden (Updated for 2025)
Residents of Hawaii are burdened by taxes the most, while Alaska residents have the lowest tax burden, a new WalletHub study found.
Taxes March 31, 2025
Trump Orders Treasury and IRS to Eliminate Paper Checks
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Taxes March 31, 2025
IRS Data Shows Tax Refund Amounts Are 4.6% Higher This Tax Season
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.