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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
Some Solutions for State and Local Tax Deductibility

State and Local Taxes September 17, 2024 

Some Solutions for State and Local Tax Deductibility

With elections approaching, it’s time for governors and mayors to offer some viable new policy options—and ways to pay for them.

Tax Court Halts Deduction for Start-Up Costs in Some Cases

Taxes September 17, 2024 

Tax Court Halts Deduction for Start-Up Costs in Some Cases

A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground.

Ken Berry, JD

Wolters Kluwer Analyzes Tax Policies of Harris and Trump

Taxes September 16, 2024 

Wolters Kluwer Analyzes Tax Policies of Harris and Trump

The tax briefing aims to distinguish the candidates' tax priorities and propose how their policies could potentially affect all taxpayers.

Jason Bramwell

Vance Says Trump Tariffs Would Help Pay For His Tax Cuts

Taxes September 16, 2024 

Vance Says Trump Tariffs Would Help Pay For His Tax Cuts

Donald Trump floated the idea of tariff hikes to offset some income tax cuts to House Republicans in June.

Trump Pledges No Taxes on Overtime

Taxes September 13, 2024 

Trump Pledges No Taxes on Overtime

Trump said his no-tax-on-overtime idea would help companies lure more workers and keep them on the job site for longer.

hurricane_harvey_1_.59b165979df2a

Taxes September 13, 2024 

IRS Offers Tax Deadline Extensions for Louisiana Due to Hurricane Francine

These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

Isaac M. O'Bannon

IRS Issues Proposed Regs for New Corporate Alternative Minimum Tax (CAMT)

Taxes September 12, 2024 

IRS Issues Proposed Regs for New Corporate Alternative Minimum Tax (CAMT)

The proposed regulations provide definitions and general rules for determining and identifying AFSI. They also include rules regarding various statutory and regulatory adjustments in determining AFSI.

Isaac M. O'Bannon

Colorado Set to Join IRS Direct File Program in 2026

Taxes September 11, 2024 

Colorado Set to Join IRS Direct File Program in 2026

Coloradans will soon be able to file their federal income taxes online for free under a program created by the Inflation Reduction Act.

us-income-tax-forms1_10849617

Taxes September 11, 2024 

Bloomberg Tax Predicts 2025 Standard Tax Rates, Standard Deductions, and AMT

Bloomberg Tax's annual Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustments to tax brackets, and increases to numerous other key thresholds.

Isaac M. O'Bannon

What Trump and Harris Said About Tariffs and Taxes During Debate

Taxes September 11, 2024 

What Trump and Harris Said About Tariffs and Taxes During Debate

The two presidential candidates attacked each other on the economy, taxes, immigration, and abortion, among other issues.

IRS Extends Some Tax Filings For New York, Connecticut Flood Victims

Taxes September 10, 2024 

IRS Extends Some Tax Filings For New York, Connecticut Flood Victims

Impacted residents and business owners have until Feb. 3, 2025, to submit a variety of tax filings and payments.

Third Estimated Tax Payment Due Sept. 16, IRS Says

Taxes September 9, 2024 

Third Estimated Tax Payment Due Sept. 16, IRS Says

Individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may qualify for an extension.

Jason Bramwell

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