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 March 29, 2025
Happy 50th Birthday to the Earned Income Tax Credit
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
Bank Secrecy Act Data Key to IRS-CI Cracking Many Financial Crime Cases
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
Taxes March 27, 2025
Stock Market Surge in 2024 Means Higher Taxes in 2025
With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip side—bigger tax bills and smaller refunds.
Taxes March 26, 2025
Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cuts
Disruptions at the IRS have some people, especially millennials, thinking about cutting corners on their taxes, while some are considering forgoing filing altogether, according to Intuit Credit Karma.
Taxes March 26, 2025
Senate Finance Panel Advances Oz Nomination to Lead CMS Despite Dems’ Tax Concerns
The Senate Finance Committee on Tuesday advanced Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services by a vote of 14-13, splitting along party lines.
Taxes March 25, 2025
IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System
Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.
Taxes March 25, 2025
‘Real Housewives of N.J.’ Star and Husband Face Over $3 Million in Tax Liens
Records show Teresa Giudice owing a sum of $303,889.20 and husband Luis Ruelas owing nearly $2.6 million. Ruelas was issued another tax lien back in December for an amount of $163,523.94.
Income Tax March 25, 2025
AICPA Responds to Proposed Regulations under SECURE 2.0
This requirement generally applies to 401(k) and 403(b) plans established after Dec. 29, 2022, the date the SECURE 2.0 Act became law, with exceptions for new and small businesses, church plans, and governmental plans.
Taxes March 24, 2025
An Idea That Never Quite Disappears: Taxing Wealth
A wealth tax could bring states a lot of revenue. But voters don’t like it, even though few of them would have to pay.
Taxes March 24, 2025
As of Mid-March, IRS Says Tax Returns Filed Are Down, But the Average Tax Refund Amount is Up
The number of tax returns that have been filed with the IRS is down 1.7% compared to this time last year, but the average tax refund amount is up 5.2% according to the agency's latest 2025 tax season data.
Taxes March 20, 2025
Trump Administration Confirms It Will Ask IRS for Information on Undocumented Taxpayers
The Trump administration acknowledged on March 19 in federal court that it is seeking confidential information from the IRS on immigrants, which could result in the deportation of undocumented immigrants.
Taxes March 19, 2025
5 Top Trending Tax Questions During the 2025 Filing Season
Cryptocurrency gains, remote work tax implications, and NFT reporting rules are among the many topics taxpayers are asking accountants questions about this tax season, according to new data from expert platform JustAnswer.