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 February 21, 2024
IRS Stresses It Will Issue More Refunds If Child Tax Credit Bill Passes
IRS Commissioner Daniel Werfel says parents don’t need to wait to file their 2024 tax return while the bill sits in the Senate.
Taxes February 20, 2024
French Companies Trade U.S. Tax Credits to Spur Renewable Projects
Schneider Electric SE to buy tax credits to help fund four Engie North America projects slated to come online in Texas this year.
State and Local Taxes February 16, 2024
SALT Bill Goes Down in the House, Likely Sealing Its Fate
The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.
Taxes February 12, 2024
Why Businesses with High Capex Should Delay Filing Their Tax Returns This Year
With a bipartisan bill making its way through Congress, entrepreneurs might be able to take advantage of additional tax cuts.
Taxes February 6, 2024
Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.
Taxes February 5, 2024
Why Idaho Senator Mike Crapo Largely Controls Bipartisan Tax Bill’s Fate
The top GOP member of the Senate Finance Committee has signaled he won’t support the family and business tax break bill as-is.
Taxes February 2, 2024
GOP SALT Bill on Shaky Ground After Getting Over House Rules Hump
Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.
Taxes February 1, 2024
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
Taxes January 31, 2024
House Passes Bipartisan Tax Bill Without SALT Changes
The bill would devote about $33 billion to reviving a trio of business tax breaks and roughly the same amount to expand the child tax credit.
Taxes January 19, 2024
$78 Billion Tax Deal Gets More Bipartisan Support in Congress
Ways and Means voted to approve a tax package that would revive a trio of business tax incentives and expand the child tax credit.
Taxes January 18, 2024
Why Expanding the Child Tax Credit Makes Economic Sense
The two halves of this deal provide the biggest bang for the buck—in terms of reducing poverty and growing the U.S. economy.
Taxes January 16, 2024
Bipartisan Tax Deal Would Expand Credits for Businesses, Children, and Low-Income Housing
Other changes to the credit would include making more of the credit available as a refund and indexing the total credit to inflation starting in 2024.