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Income Tax

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

Taxes March 13, 2026 

Seattle Seahawks GM John Schneider Says ‘Millionaires Tax’ Will ‘Sting’ for Signing Players

The tax could come into play on any free agent contract the Seahawks sign since the NFL minimum salary in 2026 for any player who has played one season is set at $1.005 million.

Featured Articles

March 13, 2026  

Opinion: Tax Breaks for Football Players? That’s Just the Beginning in the SEC

March 13, 2026  

Wyden Questions Changes to Postmark Rule as Tax, Election Deadlines Loom

March 13, 2026  

Washington Business Groups Worry About How ‘Millionaires Tax’ Could Affect Competitiveness

March 12, 2026  

Democrats Float Tax Relief Plans to Home in on Affordability

March 12, 2026  

IRS Updates Withholding Estimator to Include OBBBA Tax Changes
IRS Issues Guidance on State Paid Family and Medical Leave Programs

Taxes January 21, 2025 

IRS Issues Guidance on State Paid Family and Medical Leave Programs

The IRS recently released guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements. 

Jason Bramwell

flags world

Taxes January 21, 2025 

Trump to Impose 25% Tariffs on Mexico and Canada by Feb. 1

Both Canada and Mexico have said they’d retaliate against American goods if Trump slaps tariffs on them. The USMCA is up for review in 2026.

Treasury Nominee Warns of ‘Devastating’ Consequences if Tax Cuts Lapse

Taxes January 17, 2025 

Treasury Nominee Warns of ‘Devastating’ Consequences if Tax Cuts Lapse

Taxes and tariffs took center stage Thursday at a hearing for President-elect Donald Trump's intended Treasury secretary nominee Scott Bessent.

Sens. Rosen, Cruz Re-Introduce Bipartisan ‘No Tax on Tips’ Bill

Taxes January 17, 2025 

Sens. Rosen, Cruz Re-Introduce Bipartisan ‘No Tax on Tips’ Bill

During the election cycle, President-elect Donald Trump campaigned on the promise to eliminate taxes on tips—a policy he first introduced during a rally in Las Vegas.

Reconciliation Debate to Test ‘Tax Cuts for the Rich’ Narrative

Taxes January 17, 2025 

Reconciliation Debate to Test ‘Tax Cuts for the Rich’ Narrative

Washington is poised once again to return to united Republican control, and the GOP is preparing to extend the Tax Cuts and Jobs Act paired with deep cuts to federal programs that lower-income households rely on, such as Medicaid.

IRS to Pilot Changes to Alternative Dispute Resolution Programs

Taxes January 16, 2025 

IRS to Pilot Changes to Alternative Dispute Resolution Programs

The initiative focuses on changes to the existing Fast-Track Settlement (FTS) and Post-Appeals Mediation programs, and introduces a third pilot, Last Chance FTS.

Jason Bramwell

Democrats Say Treasury Nominee Scott Bessent Avoided Medicare Tax on Hedge Fund Earnings

Taxes January 16, 2025 

Democrats Say Treasury Nominee Scott Bessent Avoided Medicare Tax on Hedge Fund Earnings

Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump's pick for Treasury secretary, with questions about his fitness to hold the office based on a review of his tax returns.

What’s at Stake as House GOP, Dems Debate Extending Trump Tax Cuts

Taxes January 16, 2025 

What’s at Stake as House GOP, Dems Debate Extending Trump Tax Cuts

There's less than a week before President-elect Donald Trump begins his second term, and congressional Republicans are already working to preserve one of his signature policies.

w2-form-300x2001

Taxes January 15, 2025 

Deadline for Forms W-2, W-3 and 1099-NEC Due on Jan. 31, Says IRS

Employees should also be provided with their copies by this date, so they can make preparations for filing taxes by April 15.

Isaac M. O'Bannon

The Top 10 IRS Criminal Cases of 2024

Taxes January 13, 2025 

The Top 10 IRS Criminal Cases of 2024

The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.

Isaac M. O'Bannon

California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents

Taxes January 13, 2025 

California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents

The tax deadline change, permitted under presidential disaster declarations, is similar to those in previous years when flooding or wildfires hindered residents and business owners suffering from property loss or damages.

IRS Postpones Tax Deadlines Until Oct. 15 for Victims of Los Angeles County Wildfires

Taxes January 10, 2025 

IRS Postpones Tax Deadlines Until Oct. 15 for Victims of Los Angeles County Wildfires

Currently, only individuals and households that reside or have a business in Los Angeles County qualify for tax relief. However, the same relief will be offered to any counties designated by FEMA in the coming days or weeks.

Jason Bramwell

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