Taxes

Taxes February 18, 2026 

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.

Taxes February 18, 2026 

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.

Tax Planning February 18, 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

Taxes February 18, 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

Taxes February 18, 2026 

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.

Taxes February 18, 2026 

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

Isaac M. O'Bannon

Taxes February 18, 2026 

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

Taxes February 18, 2026 

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.

Taxes February 17, 2026 

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

Taxes February 17, 2026 

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.

Taxes February 17, 2026 

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.

Taxes February 17, 2026 

Eighty-four student teams competed in a nationwide challenge featuring real-world tax strategy simulations designed to help prepare the next generation of tax leaders.