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 20, 2025
Trump’s Plan to Tax Money Sent Abroad Could Impact Latin America, Caribbean Economies
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate GOP Tax Bill Would End Federal Taxes on Many Guns, Silencers
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Wind, Solar Credits Set to End Early in Senate Republican Tax Bill
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
Senate Republicans Unveil Revised Tax Cuts and Debt Limit Bill
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
Senate Panel Rolls Back SALT Cap to $10,000 in Trump Budget Bill
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.
Taxes June 16, 2025
Trump Tax Plan: What to Expect From the ‘Big, Beautiful’ Bill
The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically different results for U.S. taxpayers, depending on where you fall on the income spectrum.
Taxes June 12, 2025
CBO: Republican Budget Bill Would Take From the Poor, Give to the Rich
The reconciliation bill passed by the House would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said on June 12.
Taxes June 11, 2025
House Adopts Fixes to Keep ‘Big, Beautiful Bill’ Filibuster-Proof
The need for fixes risked derailing the reconciliation package containing most of President Donald Trump’s agenda, from tax cuts and border security to spending cuts and a major increase in the nation’s borrowing limit.
Taxes June 11, 2025
House GOP Stages Do-Over Vote on Trump’s ‘Big, Beautiful Bill’
The Republican-led House of Representatives was poised Wednesday to tweak some provisions in the sprawling budget bill that ran afoul of the complicated rules allowing the GOP to pass the bill using the arcane reconciliation process.
Taxes June 11, 2025
Is Elon Musk Right to Oppose the ‘Big, Beautiful Bill’? What Americans Said in a New Poll
The former presidential advisor recently slammed the president’s proposed spending bill claiming it will balloon the deficit. Turns out, most Americans agree with his critique, new polling reveals.
Taxes June 9, 2025
Facing Criticism of the ‘One Big, Beautiful Bill,’ Republicans Lean on Benefits of Tax Breaks
The 1,037-page bill is chock full of increased spending for border security and the military, but the biggest ticket items are sweeping tax cuts that Republicans say will boost the economy.