Legislation August 20, 2026
Husted Introduces Bill to Let Homebuyers Tap 529 Savings for Down Payments
U.S. Sen. Jon Husted (R-Ohio) has introduced legislation that would let first-time homebuyers use unused college savings toward a down payment.
Legislation August 20, 2026
Husted Introduces Bill to Let Homebuyers Tap 529 Savings for Down Payments
U.S. Sen. Jon Husted (R-Ohio) has introduced legislation that would let first-time homebuyers use unused college savings toward a down payment.
Taxes August 12, 2026
Wyden’s Wildfire Tax Relief Bill Passes Just Before Congress Recesses
A bill backed by Oregon Sen. Ron Wyden to relieve natural disaster survivors from paying federal income taxes on their recovery settlements passed against unexpected odds.
Taxes August 10, 2026
New Senate Bill Would Provide $10,000 Tax Credit Toward Home Upgrades for Seniors
The Senior Accessible Housing Tax Credit Act would provide tax credits of up to $10,000 for taxpayers age 60 and older who make qualifying improvements to their homes.
Taxes August 10, 2026
Heinrich Proposes Bill That Would End Tax Breaks for Oil and Gas Drilling Abroad
The American Energy Independence and Tax Fairness Act would “ensure the tax code no longer rewards companies for investing abroad instead of here at home,” Sen. Martin Heinrich (D-NM) said.
IRS July 31, 2026
IRS Modernization Bill Approved by Senate Panel
“This bipartisan bill modernizes and streamlines IRS operations, strengthens taxpayer rights, and delivers a more taxpayer-first system,” Senate Finance Chairman Michael Crapo, R-Idaho, said.
Taxes July 14, 2026
AICPA Expresses Support for Bill to End Tax Penalties on American Hostages
The bill would provide tax relief to Americans and their families if they are unlawfully detained or held hostage abroad.
Taxes June 22, 2026
Sovereign Wealth Fund Tax on AI Companies Unveiled by Sanders
Newly released text offers details on legislation from progressive Sen. Bernie Sanders, I-Vt., for the federal government to take a 50% share in leading artificial intelligence companies.
Taxes June 5, 2026
House Ways and Means Preparing Legislation to Forge Crypto Tax Structure
House Ways and Means Chairman Jason Smith has made establishing a framework for the taxation of digital assets a top priority for the committee, even as the Senate toils to pass market structure legislation.
Taxes May 14, 2026
Hassan Proposes Bipartisan Bill to Give Tax Relief to Families of Fallen First Responders
Sen. Maggie Hassan, D-N.H., is co-authoring bipartisan legislation to provide two years of federal income tax forgiveness for families of fallen first responders.
Taxes May 12, 2026
Federal Gas Tax Holiday Sees Growing Support Amid Pain at the Pump
The Trump administration's support of a temporary federal gas tax suspension has spurred legislative proposals, including one from Missouri Republican Sen. Josh Hawley.
Taxes May 4, 2026
Senate Democrat Targets Tax-Dodging Trusts Worth Over $50 Million with New Bill
New legislation from Sen. Patty Murray (D-WA) targets a legal loophole that lets the wealthiest Americans avoid paying taxes on money they pass down to their heirs.
Taxes April 30, 2026
Federal Disaster Tax Relief Certainty Act Passes House
The bipartisan bill, introduced by U.S. Reps. Mike Thompson (D-CA) and Greg Steube (R-FL), would permit victims to claim disaster-related personal casualty losses without having to itemize deductions through Jan. 1.