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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
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.

Harris Backs Trump Proposal on Ending Taxes on Tips

Taxes August 12, 2024 

Harris Backs Trump Proposal on Ending Taxes on Tips

The vice president made the pledge during a rally Aug. 10 in Las Vegas, two months after her rival made his pitch at a rally in that city.

cyber-security1

Taxes August 7, 2024 

Tax Pros Now Required to Use Multi-Factor Authentication to Protect Client Data

Tax pros should always enable MFA within tax software products and cloud storage services containing sensitive client data, and they should never share usernames.

Isaac M. O'Bannon

Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements

Taxes August 7, 2024 

Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements

The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.

Isaac M. O'Bannon

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