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Taxes

Voting Opens for 2026 Readers’ Choice Awards!

Accounting February 28, 2026 

Voting Opens for 2026 Readers’ Choice Awards!

Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.

Isaac M. O'Bannon

Featured Articles

April 3, 2026  

IRS Says 4 Million Children Have Been Enrolled for Trump Accounts

April 3, 2026  

Maine Democrats Tack Millionaire Tax Onto Governor’s Final Spending Plan

April 2, 2026  

Treasury Department, IRS Extend Filing Deadline by 30 Days for DHS Workers

April 2, 2026  

A Year After ‘Liberation Day,’ What Did Trump’s Tariffs Achieve?

April 2, 2026  

Why Are Illinois’ Tax Rates So High? What an Economist Says is ‘Skewing’ Things
GOP Lawmaker Proposes Measure to Block Key Element of Proposed California Wealth Tax

Taxes February 18, 2026 

GOP Lawmaker Proposes Measure to Block Key Element of Proposed California Wealth Tax

Rep. Kevin Kiley says he will introduce the "Keep Jobs in California Act of 2026" on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.

Here’s the Average Tax Refund So Far for Filing Season 2026, According to IRS Data

Taxes February 18, 2026 

Here’s the Average Tax Refund So Far for Filing Season 2026, According to IRS Data

Early filers in the 2026 tax season are receiving larger tax refunds on average compared with last year, according to the latest weekly statistics released by the Internal Revenue Service.

2026 Tax Filing and Form 1099-K – Know the New Rules This Tax Season

Taxes February 18, 2026 

2026 Tax Filing and Form 1099-K – Know the New Rules This Tax Season

People who earn income or receive payments through third-party settlement organizations like Cash App, eBay, Etsy, PayPal, and Venmo—for the payment of “goods or services”—may receive Form 1099-K this year. Here are the new rules.

Planning for Charitable Contributions in 2026

Tax Planning February 18, 2026 

Planning for Charitable Contributions in 2026

H.R.1, the One Big Beautiful Bill Act, made several changes to the tax rules for charitable contributions, including a new charitable contribution deduction for non-itemizers effective starting in 2026.

CPA, JD, LLM, Mark A. Luscombe, JD, LLM, CPA

These States Have the Highest Property Tax Rates in 2026

Taxes February 18, 2026 

These States Have the Highest Property Tax Rates in 2026

The average U.S. household pays $3,119 per year in property taxes on their home, according to the U.S. Census Bureau, and residents in the 26 states that levy vehicle property taxes pay an additional $499 annually.

Jason Bramwell

Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act

Taxes February 18, 2026 

Mamdani Proposes 9.5% NYC Property Tax Hike for Budget Gap if Governor Doesn’t Act

The proposed 9.5% hike, which New York City Mayor Zohran Mamdani framed as the city’s nuclear option to close a $5.4 billion budget gap, would be the first of its kind since 2003.

TaxRock Launches AI Platform for IRS Risk Management

Taxes February 18, 2026 

TaxRock Launches AI Platform for IRS Risk Management

The platform replaces snapshot-based monitoring with continuous visibility into IRS account activity.

Isaac M. O'Bannon

White House Floats New Taxes to Boost U.S. Shipbuilding

Taxes February 18, 2026 

White House Floats New Taxes to Boost U.S. Shipbuilding

The Trump administration's plan includes fees on foreign-built commercial vessels, as well as a tax on imports at land ports of entry.

Washington Governor Says Income Tax Proposal on Millionaires a ‘Good Start,’ But Wants More Tax Relief

Taxes February 18, 2026 

Washington Governor Says Income Tax Proposal on Millionaires a ‘Good Start,’ But Wants More Tax Relief

Gov. Bob Ferguson said Tuesday that the current legislation to impose a state income tax on millionaires is a "good start," but called on lawmakers to devote more of the revenue to direct tax breaks and relief for residents.

Guide to New Tourist Taxes and Fees for U.S. Travelers in 2026

Taxes February 17, 2026 

Guide to New Tourist Taxes and Fees for U.S. Travelers in 2026

In 2026, travel costs will increase due to new tourist taxes and fees implemented globally to manage crowds and benefit local areas.

NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy

Taxes February 17, 2026 

NYC Mayor Zohran Mamdani Mulls Property Tax Hike, Pushes Governor to Tax the Wealthy

Mamdani is expected to propose raising property taxes to balance the city budget on Tuesday, in the face of Gov. Kathy Hochul’s continued resistance to raising taxes on the wealthy and corporations.

‘Millionaires Tax’ Clears Washington Senate

Taxes February 17, 2026 

‘Millionaires Tax’ Clears Washington Senate

The legislation, which now heads to the state's House for consideration, would levy a 9.9% tax on earnings over $1 million a year, and is estimated to bring in about $3.5 billion annually.

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