Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes August 13, 2024
Pennsylvania to join IRS Direct File
Gov. Josh Shapiro and his staff worked with the Treasury Department to bring the program to the state for the 2025 tax season.
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 12, 2024
IRS Shares New Draft Version of Crypto Tax Form
The fresh draft version of Form 1099-DA comes on the heels of the final regulations on crypto broker requirements being issued in June.
Taxes August 12, 2024
Vance Floats $5,000 Child Tax Credit
JD Vance didn't offer specifics on who would qualify for the tax credit if expanded from its existing maximum of $2,000 per child.
Taxes August 12, 2024
Harris Backs Trump Proposal on Ending Taxes on Tips
The vice president made the pledge during a rally Aug. 10 in Las Vegas, two months after her rival made his pitch at a rally in that city.
Taxes August 8, 2024
The Tax Blotter – August 2024
The Tax Blotter is a round-up of recent tax legislation and rulings.
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 August 7, 2024
Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements
The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.
Taxes August 6, 2024
New York to Send Child Tax Credit to Recipients by Mail
The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.
Taxes August 2, 2024
Bipartisan Tax Bill with Child Tax Credit and Business Provisions Fails in Senate
The measure wouldn’t affect separate R&D credits, but it would restore companies’ ability to claim full deductions for research expenses in the first year, something a broad coalition of industries has been angling for since that tax break got less generous at the start of 2022.
Taxes August 2, 2024
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
About one third of the total dollars collected from undocumented immigrants funded programs they’re mostly barred from using, including $26 billion to Social Security and $6 billion to Medicare, the report said.
Taxes August 1, 2024
Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’
The case will go before the state's Supreme Court after a lower court ruled earlier this year that the tax is unconstitutional.