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 September 19, 2025
Fetterman Breaks with Party Over Tactics to Keep Obamacare Tax Subsidies
Congressional Democrats won't get any help from Sen. John Fetterman (D-PA) as they risk a government shutdown in a bid to extend expiring Affordable Care Act tax credits.
Taxes September 19, 2025
IRS, Treasury Release Guidance on ‘No Tax on Tips’ Deduction, Which Occupations Qualify
The Treasury Department and the IRS issued proposed regulations on Sept. 19 that confirm the occupations eligible for the deduction, which excludes any tips received for "illegal activity" and "pornographic activity."
Taxes September 18, 2025
Government Shutdown Risks Rise as Democrats Issue Ambitious Counteroffer
The Democrats’ bill would repeal Medicaid cuts enacted in July and also seeks a long-term extension of expiring Obamacare tax subsidies, a proposal that could cost hundreds of billions.
Taxes September 15, 2025
IRS Releases Final Regs on Roth Catch-Up Contributions
The regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions, the IRS said.
Taxes September 15, 2025
IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions
Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.
Taxes September 15, 2025
Looming Government Shutdown Tied to GOP Extending Obamacare Tax Credit
Whether the federal government shuts down operations in two weeks could hinge on Republicans agreeing to extend the premium tax credit, which is set to expire Dec. 31.
Taxes September 15, 2025
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
More than a quarter of large U.S.-based influencers—those with at least 100,000 followers—reported earning tips, according to a 2024 study by the Creative Class Group.
Taxes September 10, 2025
Ending Tax Break for Litigation Funders, Other Proposals Cut From OBBBA May Return to Congress
Several legislative initiatives—like tort reform, limiting state regulation of AI, and fixing the PBM (pharmacy benefit manager) system—were left on the cutting-room floor and could be brought back in the months ahead.
Taxes September 3, 2025
Treasury Department Releases List of 68 Jobs Covered by ‘No Tax on Tips’ Provision of New Tax Bill
The Treasury Department has provided a list of 68 jobs that will be covered by the “no tax on tips” provision in the One Big Beautiful Bill Act.
Taxes September 3, 2025
Confused About Expiring Energy Credits Under the Trump Administration? Ask an ‘Electricity Coach’
The Washington, D.C.-based nonprofit Rewiring America is offering free sessions with trained coaches who can help people navigate federal energy tax incentives before they expire.
Taxes September 2, 2025
TIGTA: Employers Neglected to Pay $2 Billion in Deferred Social Security Taxes
According to the IRS, about 10,000 employers hadn't paid their deferral as of May 2025, and the tax agency had yet to manually adjust their account which would subject the unpaid amounts to standard collection processes, TIGTA said.
IRS August 26, 2025
IRS Unveils 2026 Draft W-2 Form with Trump Tax Law Provisions
The IRS released a draft W-2 form for 2026 on Aug. 15 that takes into account tax provisions in the One Big Beautiful Bill Act for deductions related to tip income and overtime pay.