Legislation

Taxes April 2, 2025 

Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.

Taxes March 19, 2025 

If an Indiana or Ohio bill passes, it would mark the first time a GOP-led state implemented a refundable child tax credit.

Taxes March 18, 2025 

With key Tax Cuts and Jobs Act provisions set to expire at the end of this year, most Certified Financial Planner professionals say clients' retirement and financial plans could be at risk, according to new research by the CFP Board.

Jason Bramwell

Legislation March 12, 2025 

But with most Democrats opposed and 60 votes needed in the Senate to avoid a filibuster, it is unclear if the measure has the support needed in that chamber to pass.

Taxes February 26, 2025 

Chances for early action on Donald Trump's tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.

Taxes February 20, 2025 

No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.

Taxes February 19, 2025 

The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep. Dina Titus, D-Las Vegas.

Taxes February 15, 2025 

The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. === Let us know if you like this new feature using the...…

Isaac M. O'Bannon

Taxes February 11, 2025 

Ford Motor Co. CEO Jim Farley warned that if the federal government under President Trump repeals provisions of the Biden administration's Inflation Reduction Act like the electric vehicle battery production tax credits, the company could have to look at layoffs.

Taxes January 31, 2025 

Senate Finance Committee members Catherine Cortez Masto (D-Nev.) and John Cornyn (R-Texas) introduced legislation Thursday to stop companies from deducting or claiming credits on their U.S. tax bills for taxes paid to Russia.

IRS January 30, 2025 

A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.

Jason Bramwell

Taxes January 22, 2025 

Sen. Bernie Moreno, a newly elected Ohio Republican, introduced his first piece of legislation on Tuesday—a bill aimed at funding the External Revenue Service that President Donald Trump has promised to create.