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 December 12, 2024
Biden Defends Economic Record, Says Trump’s Plans Threaten Growth
President Joe Biden on Tuesday warned that Republican Donald Trump’s plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.
Taxes December 12, 2024
What Will Happen to Social Security Under Trump’s Tax Plan?
Trump's plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.
Taxes December 3, 2024
Will the New GOP-Controlled Congress Give Parents a Bigger Tax Break?
Republicans and Democrats alike are eager to boost the child tax credit, but they've had trouble agreeing on the details.
Taxes December 2, 2024
Opinion: A Better Way to Pay for Extending the Trump Tax Cuts
A potential solution exists that should be acceptable to Republicans because they floated it not too long ago.
Taxes December 2, 2024
What Trump’s Endowment Taxes Could Mean for Yale, Other Universities
Colleges are already bracing themselves for potential large-scale changes during the president-elect's second term in office.
Taxes December 2, 2024
Donald Trump’s EV Tax Credit Takeback Could Undermine Panasonic’s Kansas Plant
Panasonic's new plant in DeSoto, KS, faces uncertainty as the president-elect considers ending tax credits for electric vehicles.
Taxes November 26, 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
The agency on Nov. 26 set the reporting threshold at $5,000 for 2024, $2,500 in 2025, and $600 for 2026 and thereafter.
Taxes November 25, 2024
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
Experts expect the Trump administration to reform, rather than eliminate, the $7,500 tax credit under the Inflation Reduction Act.
Legislation November 25, 2024
Trump Vows 25% Tariffs on Canada and Mexico, and 10% More on China on ‘Day One’
Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday that sent the dollar higher and equities lower.
Taxes November 23, 2024
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump's first administration, and a major campaign fundraiser and donor.
Taxes November 22, 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
“We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday.
Taxes November 21, 2024
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Fears of a vengeful Donald Trump caused dozens of House Democrats to rethink prior support for the legislation.