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.
Taxes February 12, 2026
Senate Votes to Overturn D.C. Tax Decoupling, as Locals Push Back
The Senate passed a joint resolution on Thursday blocking changes to the District of Columbia’s tax code, which will now head to President Donald Trump’s desk.
Small Business February 12, 2026
Small Business Owners Lose 33 Workdays a Year to Tax and Financial Stress, Xero Study Finds
Based on a survey of U.S. small business owners, Xero's "Emotional Tax Return 2026 Report" confirms that financial stress isn't just confined to tax season but instead has become a year-round emotional burden.
Taxes February 12, 2026
Wyden Assails Trump Over $10 Billion Lawsuit Against IRS
Oregon Democratic Sen. Ron Wyden introduced a bill Feb. 10 to block the president from receiving any payout, by levying a 100% tax on it. The legislation is unlikely to move given Republicans’ majority in the Senate.
IRS February 12, 2026
Don’t Get Swept Off Your Feet by Romance Fraud, IRS Warns
As Valentine's Day nears, the IRS Criminal Investigation unit is getting the word out about a surge in romance scams and offering tips to avoid becoming a victim.
Taxes February 11, 2026
Trump’s OBBBA Cut Taxes on Tips, But Here’s Why Servers in Illinois and Other States Will Still Pay
Under the One Big Beautiful Bill Act, U.S. workers can now temporarily deduct tips from their federal income taxes, up to a $25,000 limit. But Illinois is one of the states that are decoupling with the policy, so tipped income will still be taxed at the state level.
Taxes February 11, 2026
AICPA to IRS: Simplify ‘Determine and Document’ Requirement in Section 951
The AICPA recommends the IRS modify and simplify the “determine and document” requirement in Notice 2025-75 by either eliminating or significantly paring back the documentation requirement or alternatively adopting a per se rule or safe harbor.
Taxes February 11, 2026
Michigan Gov. Whitmer Wants New Taxes on Tobacco, Sports Betting to Keep Health Spending Stable
To raise revenue and offset an increased state cost of administering Medicaid, Michigan Gov. Gretchen Whitmer is proposing six new taxes: on tobacco and vapes, digital advertising and sports betting, along with a new internet tax rate on the state’s largest casinos.
Technology February 10, 2026
KPMG Starts Tax AI Accelerator Program
The program, launched last week, is designed to help corporate tax departments build practical artificial intelligence skills and integrate generative AI into daily operations, KPMG said.
Taxes February 10, 2026
Report Finds Trump’s Tariffs Cost U.S. Households $1,000 on Average in 2025
The report from the Tax Foundation found that American households had a tax increase of $1,000 in 2025 and an increase of $1,300 in 2026 as a result of President Donald Trump’s tariffs.
Taxes February 10, 2026
19 States Offer Tax Credits for Private School Scholarship Donations
According to the National Conference of State Legislatures, most states began offering tax credits for donating to scholarship granting organizations since the turn of the century.
Taxes February 10, 2026
Sen. Bernie Sanders to Kick Off California Billionaire Tax Campaign
The independent senator from Vermont, who caucuses with Democrats in the nation's Capitol, will appear Feb. 18 to formally kick off the campaign to place a new tax on billionaires on California's November ballot.
Taxes February 10, 2026
Washington’s Millionaires Tax Advances in State Senate with Some Changes
A proposed Washington income tax on people earning more than $1 million has cleared its first legislative hurdle, with the Senate Ways and Means Committee passing the plan Monday—with some tweaks.