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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
How Trump Savings Accounts Work in the New OBBBA

Special Section: Guide to 2025 Tax Changes January 15, 2026 

How Trump Savings Accounts Work in the New OBBBA

The IRS has yet to issue in-depth guidance on Trump accounts, but we have provided an outline of some basic rules below.

Ken Berry, JD

IRS Posts Interim Rules on Permanent 100% Additional First-Year Depreciation Deduction

Taxes January 15, 2026 

IRS Posts Interim Rules on Permanent 100% Additional First-Year Depreciation Deduction

The Treasury Department and the IRS released interim rules on the additional first-year depreciation deduction for eligible depreciable property acquired and placed in service after Jan. 19, 2025, provided by the One Big Beautiful Bill Act.

Jason Bramwell

TaxStatus Rolls Out Tax Prep Checklist and Tax Return History Tools

Technology January 15, 2026 

TaxStatus Rolls Out Tax Prep Checklist and Tax Return History Tools

TaxStatus has launched two new productivity tools designed to help financial advisors, accountants, and tax preparers improve accuracy, efficiency, and client readiness ahead of the 2025 filing season.

Jason Bramwell

Chart Shows Estimated 2026 IRS Tax Refund Dates – When Will You Get Your Refund?

Taxes January 15, 2026 

Chart Shows Estimated 2026 IRS Tax Refund Dates – When Will You Get Your Refund?

An easy-to-view chart with no data entry. See when you will probably get your 2026 IRS income tax refund.

Isaac M. O'Bannon

Missouri Governor to Voters: Swap Income Taxes for More Sales Taxes

Taxes January 15, 2026 

Missouri Governor to Voters: Swap Income Taxes for More Sales Taxes

Gov. Mike Kehoe wants Missouri voters to phase out the state's income tax and fill the resulting $9 billion budget hole with an expansion of the state’s sales tax base.

6 Airplanes Seized by IRS at Private Maine Airport

Taxes January 14, 2026 

6 Airplanes Seized by IRS at Private Maine Airport

The planes were seized from Thomas Shaughnessy, who has been "uncooperative" with the IRS as it attempts to collect the just over $1.6 million he owes from 2014, according to court records.

Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds

Taxes January 14, 2026 

Guess Who Supports a Millionaires Tax in Washington State? Republicans, Poll Finds

Sixty-one percent of Washingtonians back the idea of a 9.9% tax on incomes greater than $1 million, versus just 29% opposed, according to a poll from Northwest-based DHM Research.

Armanino Launches Custom-Built Corporate Tax Hub

Technology January 14, 2026 

Armanino Launches Custom-Built Corporate Tax Hub

Armanino said Wednesday it has launched TaxAdvantage, which the top 20 accounting firm said is a one-stop technology platform designed to solve the pain points of corporate tax management.

Jason Bramwell

ADP Pushes Lawmakers to Extend Work Opportunity Tax Credit

Taxes January 13, 2026 

ADP Pushes Lawmakers to Extend Work Opportunity Tax Credit

In a letter to the chairmen and ranking members of both tax-writing panels in Congress, ADP says it supports a five-year extension of the WOTC, which has been proposed in legislation by lawmakers in the House and the Senate.

Jason Bramwell

Are Businesses Losing Money by Using ChatGPT-Style Tax and Financial Advice?

Taxes January 13, 2026 

Are Businesses Losing Money by Using ChatGPT-Style Tax and Financial Advice?

Misuse of these tools for complex financial decisions is creating a growing and costly risk, one accountants and bookkeepers fear will intensify as more firms treat AI outputs as reliable guidance.

Isaac M. O'Bannon

Chicago Tax Attorney Charged with Killing His Estranged Wife Makes First Court Appearance

General News January 13, 2026 

Chicago Tax Attorney Charged with Killing His Estranged Wife Makes First Court Appearance

Adam Beckerink, who is accused of throwing his estranged wife to her death down a South Loop luxury condo stairwell, will have a full detention hearing Jan. 16, a Cook County judge ordered, after making a first, brief appearance Tuesday.

You Can Use This IRS Tool Today to Get a Jump on Filing Your Taxes

Taxes January 12, 2026 

You Can Use This IRS Tool Today to Get a Jump on Filing Your Taxes

Taxpayers can begin preparing their taxes now and then have the system electronically file the return once the IRS officially starts accepting them later this month.

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