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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 Opens 2025 Tax Compliance Program for Corporations

Taxes August 16, 2024 

IRS Opens 2025 Tax Compliance Program for Corporations

The application period for the 2025 Compliance Assurance Process program will be from Sept. 4 until Oct. 31, the agency said Thursday.

Jason Bramwell

Harris to Propose Tax Cuts for Newborns in Economic Agenda

Taxes August 16, 2024 

Harris to Propose Tax Cuts for Newborns in Economic Agenda

The proposal, which Kamala Harris will announce on Aug. 16, would provide a $6,000 child tax credit within a newborn child’s first year.

What’s Kamala Harris’ Tax Plan for Middle Income Workers?

Taxes August 15, 2024 

What’s Kamala Harris’ Tax Plan for Middle Income Workers?

Details on her tax positions will likely become a crucial campaign issue, as polls show economics is one of voters' top concerns.

Americans Claimed More Than $8 Billion in Clean Energy Credits Last Year, IRS Says

Taxes August 14, 2024 

Americans Claimed More Than $8 Billion in Clean Energy Credits Last Year, IRS Says

Over 3.4 million U.S. families claimed $8.4 billion in tax credits to lower the costs of their home energy upgrades, new data shows.

Jason Bramwell

DraftKings Ditches Plan to Charge Extra Fees in High-Tax States

Taxes August 14, 2024 

DraftKings Ditches Plan to Charge Extra Fees in High-Tax States

The sports-betting company said it would scrap its plan to add a "gaming tax surcharge" to winning bets in 2025.

Harris, Trump Duel for Voters With Budget-Busting Tax Proposals

Taxes August 14, 2024 

Harris, Trump Duel for Voters With Budget-Busting Tax Proposals

The presidential candidates are trying to court voters in key battleground states ahead of a battle to rewrite the tax code.

Massachusetts Collects $2.2B From ‘Millionaires Tax’

Taxes August 13, 2024 

Massachusetts Collects $2.2B From ‘Millionaires Tax’

The 4% surtax on incomes over $1 million, also known as the “Fair Share Amendment,” was approved by voters in 2022.

IRS Direct File Tool Now an Option for New Mexico Residents

Taxes August 13, 2024 

IRS Direct File Tool Now an Option for New Mexico Residents

New Mexico became the fourth new state that can use the IRS's new system for filing federal taxes during the 2025 tax season.

Pennsylvania to join IRS Direct File

Taxes August 13, 2024 

Pennsylvania to join IRS Direct File

Gov. Josh Shapiro and his staff worked with the Treasury Department to bring the program to the state for the 2025 tax season.

IRS Processing More Employee Retention Credit Claims—But With Added Scrutiny

Taxes August 12, 2024 

IRS Processing More Employee Retention Credit Claims—But With Added Scrutiny

The IRS is accelerating payments to businesses that had submitted legit claims for the ERC while continuing to weed out incorrect claims.

Jason Bramwell

IRS Shares New Draft Version of Crypto Tax Form

Taxes August 12, 2024 

IRS Shares New Draft Version of Crypto Tax Form

The fresh draft version of Form 1099-DA comes on the heels of the final regulations on crypto broker requirements being issued in June.

Jason Bramwell

Vance Floats $5,000 Child Tax Credit

Taxes August 12, 2024 

Vance Floats $5,000 Child Tax Credit

JD Vance didn't offer specifics on who would qualify for the tax credit if expanded from its existing maximum of $2,000 per child.

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