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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
TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’

Taxes November 14, 2023 

TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’

The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.

Jason Bramwell

2024 IRS Tax Brackets, Standard Deductions

Taxes November 9, 2023 

2024 IRS Tax Brackets, Standard Deductions

While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.

 Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

Taxes November 7, 2023 

Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”

Jason Bramwell

IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely

IRS October 30, 2023 

IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely

The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.

Jason Bramwell

IRS Boosts Hiring for Taxpayer Assistance Centers

IRS October 30, 2023 

IRS Boosts Hiring for Taxpayer Assistance Centers

The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.

Jason Bramwell

IRS Starts Business Tax Accounts

Taxes October 25, 2023 

IRS Starts Business Tax Accounts

The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.

Jason Bramwell

IRS Has Collected $160 Million in Back Taxes From Millionaires This Year

Taxes October 25, 2023 

IRS Has Collected $160 Million in Back Taxes From Millionaires This Year

The agency said it recently recovered $122 million from 100 wealthy earners, in addition to $38 million collected earlier this year.

Jason Bramwell

Tax Benefits of 2023 Year-End Charitable Gifts

Taxes October 25, 2023 

Tax Benefits of 2023 Year-End Charitable Gifts

Keep this tax break in your hip pocket as the year winds down.

Ken Berry, JD

Bloomberg Tax AI Lab Enables AI Functions for Bloomberg Tax Research

Income Tax October 18, 2023 

Bloomberg Tax AI Lab Enables AI Functions for Bloomberg Tax Research

The new Bloomberg Tax AI Lab offers customers the option of testing new AI-driven tools, beginning with an enhanced search experience using AI functionality.

Isaac M. O'Bannon

Taxpayer Interest in IRS’s Direct File Program May Have Been Exaggerated

Taxes October 17, 2023 

Taxpayer Interest in IRS’s Direct File Program May Have Been Exaggerated

Their willingness to use the Direct File program may be overstated because of the survey the IRS used to gauge their interest, TIGTA says.

Jason Bramwell

irs221

Taxes October 17, 2023 

IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

The IRS on Tuesday unveiled more details about Direct File, the agency’s free online tax filing program that is debuting in 2024.

Jason Bramwell

Offshore Tax Evasion 1  54d100778feac

Income Tax October 17, 2023 

American Living in Monaco Pleads Guilty to $5.1 Million IRS Tax Evasion

Schechter never disclosed the income from the sale of the Monaco apartment or the securities bought from sale proceeds to his tax return preparer.

Isaac M. O'Bannon

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