IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
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.
Taxes February 10, 2026
Michigan Governor Floats ‘Sales Tax Holiday’ for School Supplies, Property Tax Refund for Seniors
Ahead of her Feb. 11 budget presentation, which will cover the 2027 fiscal year, Gov. Gretchen Whitmer shared several sneak peeks, including the two tax relief proposals.
Taxes February 10, 2026
Oregon Democrats’ Bill to Add $300M to State’s Budget by Ending 3 Trump Tax Breaks Advances
Oregon Democrats advanced their plan to generate more than $300 million for the current state budget by ending several state tax breaks copied from President Donald Trump’s big 2025 tax- and budget-cutting bill.
IRS February 9, 2026
IRS Rolls Out New Enhancements to the Tax Pro Account
The IRS has expanded Tax Pro Account, unveiling business-level digital capabilities for tax practitioners who work in tax preparation companies, accounting firms, or other organizations, the agency announced on Feb. 9.
Taxes February 9, 2026
Opinion: This Tax-Refund Bonanza Won’t Do What Bessent Says It Will
Treasury Secretary Scott Bessent has been talking up Americans getting bigger-than-usual tax refunds this year for months, saying that it will help spark “a non-inflationary boom.” That's unlikely.