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Income Tax

New Jersey Eyes 9% Tax on Prediction Markets

Taxes July 7, 2026 

New Jersey Eyes 9% Tax on Prediction Markets

New Jersey lawmakers are advancing a bill that would impose an additional 9 percent tax on income earned by companies and individuals that operate prediction markets.

Featured Articles

July 6, 2026  

Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures

July 6, 2026  

TIGTA Made 91 Surprise Visits to IRS Taxpayer Assistance Centers. Here’s What Happened

July 2, 2026  

After Newsom Couldn’t Stop It, California Braces for Billionaire Tax Brawl

June 30, 2026  

Some Republicans Join Missouri Democrats in Push Against Income Tax Phaseout

June 30, 2026  

Could Initiative to Kill Washington’s ‘Millionaires Tax’ Also Kill the State’s Capital Gains Tax?
IRS: $53 Million in TCE and VITA Grants Awarded for 2025

Taxes December 10, 2024 

IRS: $53 Million in TCE and VITA Grants Awarded for 2025

The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.

Jason Bramwell

Corvee to Launch Professional Tax Prep System Under Its ‘Instead’ Brand

Taxes December 7, 2024 

Corvee to Launch Professional Tax Prep System Under Its ‘Instead’ Brand

Corvee, the makers of one of the most advanced tax planning and strategy platforms in the U.S., has announced it will soon launch a new professional tax preparation system.

Isaac M. O'Bannon

IRS-CI Releases Its FY 2024 Highlight Reel

Taxes December 6, 2024 

IRS-CI Releases Its FY 2024 Highlight Reel

IRS-CI initiated more than 2,667 criminal investigations, obtained 1,571 convictions, and reclaimed its 90% conviction rate in FY24.

Will the New GOP-Controlled Congress Give Parents a Bigger Tax Break?

Taxes December 3, 2024 

Will the New GOP-Controlled Congress Give Parents a Bigger Tax Break?

Republicans and Democrats alike are eager to boost the child tax credit, but they've had trouble agreeing on the details.

IRS Tool Can Help You Estimate If Your Tax Withholdings Are Enough

Taxes December 3, 2024 

IRS Tool Can Help You Estimate If Your Tax Withholdings Are Enough

The IRS Tax Withholding Estimator can help taxpayers make sure the correct amount of tax is withheld from their paychecks.

Georgia Tax Preparer Guilty of Filing $3 Million in Fraudulent Returns

Taxes December 3, 2024 

Georgia Tax Preparer Guilty of Filing $3 Million in Fraudulent Returns

Jessica Crawford of Athens, GA, is facing up to 30 years in prison after pleading guilty to fraudulently filing tax returns on behalf of clients.

Opinion: A Better Way to Pay for Extending the Trump Tax Cuts

Taxes December 2, 2024 

Opinion: A Better Way to Pay for Extending the Trump Tax Cuts

A potential solution exists that should be acceptable to Republicans because they floated it not too long ago.

‘Harry Potter’ Star Rupert Grint Loses Tax Battle, Ordered to Pay $2.3M

Taxes December 2, 2024 

‘Harry Potter’ Star Rupert Grint Loses Tax Battle, Ordered to Pay $2.3M

After a five-year battle with the 36-year-old English actor, a judge ruled in favor of the HMRC, the U.K. equivalent of the IRS.

How the 50 States Rank By Tax Burden (2024)

Taxes December 1, 2024 

How the 50 States Rank By Tax Burden (2024)

Residents of New York state are burdened by taxes the most, while Alaska residents have the lowest tax burden, a WalletHub study found.

Jason Bramwell

2025 Tax Refund Date Estimator – And Last Minute Tax Tips for 2024

Taxes November 27, 2024 

2025 Tax Refund Date Estimator – And Last Minute Tax Tips for 2024

If you're wondering when you can file your income taxes in 2025 and when you might get your tax refund, this chart can give an estimated date. Where's My refund?

Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN

Taxes November 21, 2024 

Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN

Filers who claim tax credits like the Earned Income Tax Credit and Child Tax Credit will especially benefit from this change, the IRS said.

Jason Bramwell

Japanese Restaurant Owner Avoids Raw Tax Deal

Taxes November 20, 2024 

Japanese Restaurant Owner Avoids Raw Tax Deal

A taxpayer in a recent Tax Court case tried to use the "Cohen rule" from an age-old case to escape out of a tax jam.

Ken Berry, JD

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