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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
Here’s the Average Tax Refund So Far for Filing Season 2026, According to IRS Data

Taxes February 18, 2026 

Here’s the Average Tax Refund So Far for Filing Season 2026, According to IRS Data

Early filers in the 2026 tax season are receiving larger tax refunds on average compared with last year, according to the latest weekly statistics released by the Internal Revenue Service.

Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act

Taxes February 18, 2026 

Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act

The proposed 9.5% hike, which New York City Mayor Zohran Mamdani framed as the city’s nuclear option to close a $5.4 billion budget gap, would be the first of its kind since 2003.

Washington Governor Says Income Tax Proposal on Millionaires a ‘Good Start,’ But Wants More Tax Relief

Taxes February 18, 2026 

Washington Governor Says Income Tax Proposal on Millionaires a ‘Good Start,’ But Wants More Tax Relief

Gov. Bob Ferguson said Tuesday that the current legislation to impose a state income tax on millionaires is a "good start," but called on lawmakers to devote more of the revenue to direct tax breaks and relief for residents.

NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy

Taxes February 17, 2026 

NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy

Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.

‘Millionaires Tax’ Clears Washington Senate

Taxes February 17, 2026 

‘Millionaires Tax’ Clears Washington Senate

The legislation, which now heads to the state's House for consideration, would levy a 9.9% tax on earnings over $1 million a year, and is estimated to bring in about $3.5 billion annually.

IRS Income Tax Refund Schedule for 2026 – Tax Refund Date Estimator

Income Tax February 17, 2026 

IRS Income Tax Refund Schedule for 2026 – Tax Refund Date Estimator

When will you probably get your income tax refund? We can give you a good estimate based on a few factors, and no calculators.

Isaac M. O'Bannon

Massachusetts Lawmakers Urged to ‘Opt Out’ of New Federal Tax Policies

Taxes February 16, 2026 

Massachusetts Lawmakers Urged to ‘Opt Out’ of New Federal Tax Policies

Gov. Maura Healey has proposed delaying implementation until next year of what she described as the five “most costliest” changes in the federal tax code created by the One Big Beautiful Bill Act.

Column: Another ‘Millionaires Tax’ Finds Seattle is Far Richer Than Anyone Knew

Taxes February 16, 2026 

Column: Another ‘Millionaires Tax’ Finds Seattle is Far Richer Than Anyone Knew

The city’s new social housing tax, levied on lofty pay packages to pay for public housing, was due Jan. 31. The startling news was that it blew the projections out of the water.

Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back

Taxes February 12, 2026 

Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back

The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.

Wyden Assails Trump Over $10 Billion Lawsuit Against IRS

Taxes February 12, 2026 

Wyden Assails Trump Over $10 Billion Lawsuit Against IRS

Oregon Democratic Sen. Ron Wyden introduced a bill Feb. 10 to block the president from receiving any payout, by levying a 100% tax on it. The legislation is unlikely to move given Republicans’ majority in the Senate.

Trump’s OBBBA Cut Taxes on Tips, But Here’s Why Servers in Illinois and Other States Will Still Pay

Taxes February 11, 2026 

Trump’s OBBBA Cut Taxes on Tips, But Here’s Why Servers in Illinois and Other States Will Still Pay

Under the One Big Beautiful Bill Act, U.S. workers can now temporarily deduct tips from their federal income taxes, up to a $25,000 limit. But Illinois is one of the states that are decoupling with the policy, so tipped income will still be taxed at the state level.

Sen. Bernie Sanders to Kick Off California Billionaire Tax Campaign

Taxes February 10, 2026 

Sen. Bernie Sanders to Kick Off California Billionaire Tax Campaign

The independent senator from Vermont, who caucuses with Democrats in the nation's Capitol, will appear Feb. 18 to formally kick off the campaign to place a new tax on billionaires on California's November ballot.

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