Taxes September 11, 2026
Bloomberg Tax & Accounting Projects 2027 Tax Rates
The annual Projected U.S. Tax Rates Report enables tax professionals and taxpayers to begin planning for the upcoming year ahead of the official IRS announcement this fall.
Taxes March 2, 2026
California Bill Would Exclude Military Retirement Pay From State Taxable Income
A new bipartisan effort is underway in the California Legislature to ensure veterans and survivors won’t have to pay state income tax on retirement pay and survivor benefits.
IRS March 2, 2026
Tax Court Grants Tax Relief for Unknowing Spouse
If a married couple files a joint tax return, they are “in it together” as far as federal income tax liability is concerned. However, as shown in a new case, an “innocent spouse” may be entitled to equitable relief due to special circumstances.
Taxes March 2, 2026
Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year
Eligible Hoosiers whose earnings this year include gratuities or overtime will not be required to pay state or county income tax on the money when they file in 2027.
Small Business March 2, 2026
U.S. Farmers See New Trump Tariffs as Yet Another Round of Instability
Tariffs have battered U.S. agriculture for more than a year, upending trade flows and choking off access to key markets like China.
Taxes February 28, 2026
IRS and Treasury Issue Guidance on New Special Depreciation Allowance for Qualified Production Property
In addition to other requirements, the special depreciation allowance only applies to qualified production property placed in service after July 4, 2025, and before Jan. 1, 2031.
Taxes February 27, 2026
Tax Breaks for Data Centers Are On the Chopping Block in Some States
Rising energy costs and environmental concerns drive states to reconsider tax incentives.
Taxes February 27, 2026
Bipartisan Senate Finance Committee Bill Promises ‘Commonsense Fixes’ to IRS
The 162-page draft bill, called the Taxpayer Assistance and Service Act, bundles a number of already introduced tax administration bills with additional recommendations from the National Taxpayer Advocate.
IRS February 27, 2026
Judge Says IRS ‘Violated the IRC Approximately 42,695 Times’ by Giving Confidential Taxpayer Information to ICE
A federal judge on Thursday said the IRS broke the law by violating the Internal Revenue Code approximately 42,695 times when it shared confidential taxpayer addresses with Immigration and Customs Enforcement.
Taxes February 27, 2026
Washington State House Democrats Push to Strip Corporate Break From ‘Millionaires Tax’
Thirteen Democratic lawmakers said Senate Bill 6346—which would impose a 9.9% tax on income above $1 million annually—should move forward only if a provision accelerating a major corporate tax break is removed.
Taxes February 26, 2026
AICPA Requests Guidance for Itemized Deductions and Trump Accounts
The letter focuses on Section 70111, which modifies the Section 68 limitation on itemized deductions and provides comments on Notice 2025‑68, outlining the IRS’s planned regulations for Section 530A Trump accounts.
Taxes February 26, 2026
IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams
A new web page on IRS.gov consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to report suspicious activity, the agency said on Feb. 26.
Taxes February 26, 2026
Why Your Exporter Clients Need to Hear About IC-DISC Right Now
For CPAs and advisors, the Interest-Charge Domestic International Sales Corporation represents both a high-value client service and a practical tax strategy to offset tariff impacts. Here’s what you need to know to start those conversations.