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 14, 2024
Americans Claimed More Than $8 Billion in Clean Energy Credits Last Year, IRS Says
Over 3.4 million U.S. families claimed $8.4 billion in tax credits to lower the costs of their home energy upgrades, new data shows.
Taxes August 12, 2024
IRS Processing More Employee Retention Credit Claims—But With Added Scrutiny
The IRS is accelerating payments to businesses that had submitted legit claims for the ERC while continuing to weed out incorrect claims.
Taxes August 7, 2024
Tax Pros Now Required to Use Multi-Factor Authentication to Protect Client Data
Tax pros should always enable MFA within tax software products and cloud storage services containing sensitive client data, and they should never share usernames.
Taxes July 30, 2024
IRS Updates Clean Vehicle Tax Credit FAQs
The updated FAQs, issued July 26, pertain to the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits.
IRS July 25, 2024
IRS Chief Not Too Worried About Fallout From Loper Bright Ruling
Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.
Taxes July 24, 2024
IRS Releases Initial Guidance on Carbon Sequestration Tax Credit
Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.
Taxes July 23, 2024
Opinion: Some of Trump’s Tax Cuts Worked, But at What Cost?
Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?
Taxes July 12, 2024
Why Small Businesses Need This 2017 Tax Cut to Continue
Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.
Taxes July 11, 2024
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
Taxes July 10, 2024
IRS Issues FAQs About Clean Fuel Production Credit Registration
These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.
Taxes July 9, 2024
TCJA: Newer Crop of Tax Writers Prepares to Take on 2017 Tax Law
Lineup changes on the House Ways and Means and Senate Finance panels pose challenges and possibilities in extending tax cuts.
IRS June 24, 2024
Number of the Day: $5.7 Billion
As of March 31, the IRS has spent $5.7 billion, or 10%, of the $57.8 billion it will receive from the Inflation Reduction Act, TIGTA says.