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 December 22, 2025
IRS Provides Safe Harbor for Claiming Carbon Capture Tax Credit
Notice 2026-01 provides a safe harbor for businesses that wish to claim the Section 45Q tax credit for qualified carbon oxide captured and disposed of in secure geological storage occurring during calendar year 2025.
Taxes December 22, 2025
IRS: States Can Make an Advanced Election to Participate in New Scholarship Tax Credit
This new credit, established under the One Big Beautiful Bill Act, is for contributions to scholarship granting organizations that serve elementary and secondary school students from low- and middle-income families.
Taxes December 22, 2025
House Plan Sets Tax Harbor for Stablecoins, Crypto Staking
A bipartisan House duo is drawing up a cryptocurrency tax framework that would provide a safe harbor for some stablecoin transactions and delay taxation of rewards earned by verifying blockchain transactions.
Taxes December 18, 2025
IRS Confirms $2K Slot Jackpot Threshold Set to Begin in 2026
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 17, 2025
Here’s Why Americans Could See a $1,000 Increase in Tax Refunds Next Year
Recent tax legislation imposed by President Donald Trump and enacted by the One Big Beautiful Bill Act is at the heart of the increase, the White House said.
Taxes December 17, 2025
4 House Republicans Defied GOP Leadership to Force Action on ACA Tax Credits
In a major blow to House Speaker Mike Johnson, four Republicans—Reps. Brian Fitzpatrick (Pa.), Mike Lawler (N.Y.), Robert Bresnahan (Pa.) and Ryan Mackenzie (Pa.)—signed Minority Leader Hakeem Jeffries' (D-N.Y.) discharge petition to force a House vote on a bill extending Affordable Care Act subsidies.
Taxes December 17, 2025
Rep. Lawler Calls BS on Speaker Johnson for Blocking Vote to Extend ACA Tax Credits
Speaker Mike Johnson told a closed-doors Republican meeting that he won’t allow a vote on a plan to save the Obamacare subsidies pushed by Rep. Mike Lawler (R-NY) and a handful of endangered moderates from swing districts.
Taxes December 17, 2025
Sen. Ossoff Teams Up with Trump Ally on Small Business Tax Legislation Ahead of Midterms
Sen. Jon Ossoff (D-GA) has teamed up with Republican Sen. Cindy Hyde-Smith of Mississippi on legislation to cut income taxes for qualifying small businesses with up to 15 employees.
Taxes December 12, 2025
Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
Taxes December 11, 2025
Senate Blocks Plan to Extend Expiring Obamacare Tax Credits Past This Month
The Senate on Thursday rejected plans from Republicans and Democrats to ease soaring health care costs, making it more likely many people face health insurance premiums that could double shortly.
Taxes December 11, 2025
Moderate House Republicans Look to Force Vote on ACA Tax Credits
Rep. Brian Fitzpatrick, R-Pa., on Wednesday filed a discharge petition to force a vote on a two-year extension of the enhanced Affordable Care Act tax credits, as House GOP leadership eyes a health care vote next week that won’t include such a measure.
Taxes December 9, 2025
Massachusetts Governor Urges Congress to Extend ACA Tax Credits Before Costs ‘Skyrocket’
Gov. Maura Healey on Tuesday called on Congress to approve an extension of Affordable Care Act tax credits, warning that health care costs for millions of Americans would skyrocket if lawmakers fail to act.