Taxes

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.

Taxes February 17, 2026 

The Trump administration’s interim guidance on clean energy tax credits released Thursday offered some relief to the industry by laying out a manageable path for new projects. But, it still left investors uncertain.

Technology February 16, 2026 

While the industry is obsessed with how artificial intelligence will automate tax preparation, it is ignoring a much larger crisis: the decline of human intelligence in tax strategy.

David A. Perez