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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
Washington’s Millionaires Tax Advances in State Senate with Some Changes

Taxes February 10, 2026 

Washington’s Millionaires Tax Advances in State Senate with Some Changes

A proposed Washington income tax on people earning more than $1 million has cleared its first legislative hurdle, with the Senate Ways and Means Committee passing the plan Monday—with some tweaks.

Oregon Democrats’ Bill to Add $300M to State’s Budget by Ending 3 Trump Tax Breaks Advances

Taxes February 10, 2026 

Oregon Democrats’ Bill to Add $300M to State’s Budget by Ending 3 Trump Tax Breaks Advances

Oregon Democrats advanced their plan to generate more than $300 million for the current state budget by ending several state tax breaks copied from President Donald Trump’s big 2025 tax- and budget-cutting bill.

Opinion: This Tax-Refund Bonanza Won’t Do What Bessent Says It Will

Taxes February 9, 2026 

Opinion: This Tax-Refund Bonanza Won’t Do What Bessent Says It Will

Treasury Secretary Scott Bessent has been talking up Americans getting bigger-than-usual tax refunds this year for months, saying that it will help spark “a non-inflationary boom.” That's unlikely.

IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana

Taxes February 6, 2026 

IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana

The IRS this week announced tax relief for individuals and businesses in Montana affected by severe wind storms and flooding that occurred the second and third weeks of December 2025.

Bessent Says Taxpayers Will Foot the Bill if Trump Wins $10 Billion IRS Lawsuit

Taxes February 5, 2026 

Bessent Says Taxpayers Will Foot the Bill if Trump Wins $10 Billion IRS Lawsuit

The revelation came Thursday during a Senate Banking Committee hearing where Treasury Secretary and Acting Commissioner of the Internal Revenue Service Scott Bessent testified.

Trump Says He Will Donate Any Proceeds From $10B IRS Lawsuit

Taxes February 5, 2026 

Trump Says He Will Donate Any Proceeds From $10B IRS Lawsuit

“What I would do? Tell them to pay me, but I’ll give 100% of the money to charity,” President Donald Trump said in an interview with NBC News, floating the American Cancer Society as a potential beneficiary.

House Advances Measure to Block D.C. Tax Code Decoupling

Taxes February 5, 2026 

House Advances Measure to Block D.C. Tax Code Decoupling

Congress took steps on Wednesday toward blocking changes to D.C.’s local tax code, even as District officials warned it could wreak havoc on tax season and smash a hole in the city’s budget.

 WARNING: TikTok, Insta and Other Social Tax Advice is So Bad, It Can Lead to Fines or Handcuffs

Taxes February 4, 2026 

WARNING: TikTok, Insta and Other Social Tax Advice is So Bad, It Can Lead to Fines or Handcuffs

Many fraudulent tax schemes have been circulating on social media, promoting misuse of tax credits or deductions that most taxpayers don’t qualify for.

Union Leaders, Activists Sue to Block Vote on Massachusetts Income Tax Cut

Taxes February 4, 2026 

Union Leaders, Activists Sue to Block Vote on Massachusetts Income Tax Cut

The lawsuit claims the wording of signature petitions to qualify for the ballot were "misleading and deceptive" because it didn't mention the cuts would cover all three categories of income taxes, including capital gains taxes paid by businesses.

Oregon Democrats Unveil Plan to Close Trump Tax ‘Loopholes’ and Reduce Budget Deficit

Taxes February 3, 2026 

Oregon Democrats Unveil Plan to Close Trump Tax ‘Loopholes’ and Reduce Budget Deficit

Two key Oregon Democrats on Monday unveiled a plan to increase state revenue by dropping several state tax breaks copied from President Donald Trump’s sprawling tax-and-spending law passed last year.

Washington Gov. Bob Ferguson Says He Can’t Support ‘Millionaire’s Tax’ Bill Without Changes

Taxes February 3, 2026 

Washington Gov. Bob Ferguson Says He Can’t Support ‘Millionaire’s Tax’ Bill Without Changes

In a long-anticipated bill, which is getting formally introduced this week, legislative Democrats are proposing a 9.9% tax on annual earnings of more than $1 million starting in 2028.

IRS: Simple Payment Plans Have Expanded to Businesses

Taxes February 2, 2026 

IRS: Simple Payment Plans Have Expanded to Businesses

In an email to tax professionals on Monday, the IRS said it recently updated qualifications for Simple Payment Plans, formerly known as “streamlined installment agreements,” to include business taxpayers.

Jason Bramwell

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