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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
IRS: Energy-Efficient Rebates Not Income

Taxes April 9, 2024 

IRS: Energy-Efficient Rebates Not Income

However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.

Jason Bramwell

Which States Cost the Most in Taxes Over a Lifetime?

Taxes April 5, 2024 

Which States Cost the Most in Taxes Over a Lifetime?

New Jersey residents will pay the most in lifetime taxes, and people in West Virginia will pay the least, according to a Self Financial study.

Jason Bramwell

 Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in Senate

Taxes April 5, 2024 

Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in Senate

Senate Republicans don’t want to hand President Biden an election-year victory on the legislation, which passed the House in January.

Ex-IRS Agent Accused of Filing Error-Filled Returns, Costing $42M in Lost Taxes

Taxes April 5, 2024 

Ex-IRS Agent Accused of Filing Error-Filled Returns, Costing $42M in Lost Taxes

The Justice Department is asking a judge in Washington state to ban Donald J. Taylor from preparing federal tax returns.

Walgreens Hit With $2.7 Billion Tax Bill After IRS Audit

Taxes April 3, 2024 

Walgreens Hit With $2.7 Billion Tax Bill After IRS Audit

The IRS is seeking $2.7 billion from Walgreens Boots Alliance for unpaid taxes due to alleged issues over transfer pricing.

 Federal Judge Rejects Hunter Biden’s Bid to Dismiss Tax Case in L.A.

Taxes April 2, 2024 

Federal Judge Rejects Hunter Biden’s Bid to Dismiss Tax Case in L.A.

April 1 ruling clears the way for the president's son to face court proceedings during the contentious 2024 election cycle.

IRS Direct File Tool May Be Especially Helpful to Latino Americans

Taxes April 1, 2024 

IRS Direct File Tool May Be Especially Helpful to Latino Americans

Latinos—as well as individuals of any background— may fall victim to unqualified service providers who prey on their community.

 Judge Skeptical of Hunter Biden’s Effort to Dismiss Tax Case as Politically Charged

Taxes March 29, 2024 

Judge Skeptical of Hunter Biden’s Effort to Dismiss Tax Case as Politically Charged

Lawyers for President Biden's son asked a federal judge in Los Angeles on March 27 to throw out nine tax-related charges.

IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims

Taxes March 29, 2024 

IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims

The agency further postponed until Aug. 7 various filing and payment deadlines for those affected by the Aug. 8, 2023, wildfires.

divorce2_1_.58a1c88862581[1]

Taxes March 28, 2024 

Dividing a 401(k) in Divorce

Note that a QDRO may be used for qualified plans, like 401(k) or pension plans, but this option isn’t available for IRAs. IRAs are subject to other rules.

JD, Ken Berry, JD

IRS on Track to Give Fewest Tax Refunds in at Least 15 Years, Data Shows

Taxes March 27, 2024 

IRS on Track to Give Fewest Tax Refunds in at Least 15 Years, Data Shows

As of the week ending March 15, the IRS had issued just over 49 million tax refunds, close to 9% lower than at that point last year.

IRS: Time is Running Out to Collect Over $1 Billion in Tax Refunds For 2020

Taxes March 26, 2024 

IRS: Time is Running Out to Collect Over $1 Billion in Tax Refunds For 2020

Nearly 940,000 Americans have unclaimed tax returns from 2020 and face a May 17 deadline if they want to get it back.

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