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Income Tax

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

Taxes March 19, 2026 

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

The Name, Image and Likeness bill passed the Mississippi House, but was killed March 16 by a unanimous vote of the state's Senate finance committee.

Featured Articles

March 19, 2026  

California’s Proposed Billionaire Tax Gains Majority Support in New Poll

March 19, 2026  

‘No Tax on Overtime’ Falls Short of Expectations for Many Workers

March 19, 2026  

Study: Massachusetts Income Tax Cut Would Slash State Revenues, Give Big Breaks to Top Earners

March 18, 2026  

Average Tax Refund in 2026 Now at $3,676 as Filing Deadline Nears

March 18, 2026  

IRS: Over 830,000 Tax Refunds Delayed After Filers Miss Key Step
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

IRS-CI Urges Sports Bettors to Play By the Rules This Football Season

IRS September 9, 2024 

IRS-CI Urges Sports Bettors to Play By the Rules This Football Season

Between FY 2020 and June 2024, IRS-CI initiated 151 investigations into illegal gambling activity totaling more than $178.8 million.

Jason Bramwell

Massachusetts State Rep Tells Patriots to ‘Stop Complaining’ About Millionaires Tax

Taxes September 9, 2024 

Massachusetts State Rep Tells Patriots to ‘Stop Complaining’ About Millionaires Tax

Democratic State Rep. Michael Connolly took to X to say players should quit complaining about paying their fair share in taxes.

irs221

Taxes September 6, 2024 

IRS Has Recouped $1.3 Billion in Unpaid Taxes From Wealthy Americans

Nearly 80% of 1,600 millionaires who had delinquent tax debt have now made a payment, the IRS and Treasury Department said Sept. 6.

Jason Bramwell

Trump Pushes Back on Harris Small Business Plan

Small Business September 5, 2024 

Trump Pushes Back on Harris Small Business Plan

Hours before his address to the Economic Club of New York, Trump said Harris's plan would “destroy our small business economy.”

Harris Calls For Lower Capital Gains Tax Rate Than the 39.6% Biden Proposed

Taxes September 5, 2024 

Harris Calls For Lower Capital Gains Tax Rate Than the 39.6% Biden Proposed

The Democratic presidential nominee proposed a 28% capital gains tax rate on people earning $1 million or more.

Jason Bramwell

Hunter Biden Intends to Change Plea to Guilty in Federal Tax Case

Taxes September 5, 2024 

Hunter Biden Intends to Change Plea to Guilty in Federal Tax Case

The son of President Joe Biden has been accused of nine misdemeanor and felony offenses. He previously pled not guilty.

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