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Income Tax

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

Taxes July 6, 2026 

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

Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.

Featured Articles

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?

June 29, 2026  

Khanna Lays Into Gavin Newsom’s Tax Proposal, Setting Up 2028 Battle Lines
 Goldman Sachs Says Harris, Democrats Better For Economy Than Trump

Small Business September 4, 2024 

Goldman Sachs Says Harris, Democrats Better For Economy Than Trump

The firm's report could surprise some voters, who generally give the GOP and Trump an edge on issues like the economy and inflation.

A Group of House Republicans Want to Save Biden’s Energy Tax Credits if Trump is Elected

Taxes September 4, 2024 

A Group of House Republicans Want to Save Biden’s Energy Tax Credits if Trump is Elected

Eighteen House Republicans sent a letter to Speaker Mike Johnson earlier this month emphasizing the importance of the tax credits.

New England Patriots Defensive Linemen Sack Massachusetts Millionaires Tax

Taxes September 4, 2024 

New England Patriots Defensive Linemen Sack Massachusetts Millionaires Tax

Davon Godchaux and Keion White spoke about financial freedom and literacy recently on Godchaux’s “ChauxTalk” podcast.

Both Trump and Harris Want to End the Taxing of Tips—But Is It a Good Idea?

Taxes September 3, 2024 

Both Trump and Harris Want to End the Taxing of Tips—But Is It a Good Idea?

While the political logic behind the candidates' plans is compelling, the plan to end taxes on tips is panned by tax experts.

Accountant Pleads Guilty to Filing False Tax Returns in Connecticut

Accounting August 30, 2024 

Accountant Pleads Guilty to Filing False Tax Returns in Connecticut

Mark Legowski admitted to filing fraudulent tax returns for multiple years after failing to report $1.4 million in income.

Taxbit Rolls Out 1099-DA Support

Taxes August 27, 2024 

Taxbit Rolls Out 1099-DA Support

Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.

Jason Bramwell

Why Bill Belichick Thinks ‘Taxachusetts’ Deters Free Agents From Joining Patriots

State and Local Taxes August 27, 2024 

Why Bill Belichick Thinks ‘Taxachusetts’ Deters Free Agents From Joining Patriots

The ex-New England Patriots coach says Massachusetts' additional 4% surtax on taxable income over $1 million hinders the team.

Opinion: Trump and Harris Proposals Would Make Our Tipping Culture Worse

Taxes August 27, 2024 

Opinion: Trump and Harris Proposals Would Make Our Tipping Culture Worse

Plans to exempt tips from federal income taxes would be bad news for customers—and perhaps even for tipped workers themselves.

Hurricane Florence Sept11 1018 5b97d232b8655

Taxes August 26, 2024 

U.S. Taxpayers in Puerto Rico Get Relief Due to Tropical Storm Ernesto

These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

Isaac M. O'Bannon

 New Jersey Drivers Could Write Off Their E-ZPass Tolls if Bill is Passed

Taxes August 23, 2024 

New Jersey Drivers Could Write Off Their E-ZPass Tolls if Bill is Passed

If approved and signed in to law, New Jersey would extend a benefit to taxpayers that few states have and the IRS doesn’t allow.

IRS Highlights New Payment Options Within Business Tax Account Tool

Taxes August 22, 2024 

IRS Highlights New Payment Options Within Business Tax Account Tool

Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.

Jason Bramwell

Study: Charitable Giving Dropped By $20 Billion in First Year of TCJA

Taxes August 22, 2024 

Study: Charitable Giving Dropped By $20 Billion in First Year of TCJA

The researchers say that charitable giving fell in 2018 because of the law's change to the standard deduction for income taxes.

Jason Bramwell

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