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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
Ex-Mayor of Portage, Indiana, Sentenced to 3 Years of Probation for Federal IRS Charge

Taxes March 11, 2026 

Ex-Mayor of Portage, Indiana, Sentenced to 3 Years of Probation for Federal IRS Charge

James Snyder will have to pay $78,111.57 in restitution, which is what he still owes for obstructing the IRS, made in monthly payments of $570 a month. He has paid $18,000 of his debt.

Chicago-Area Tax Preparer Gets 10 Years in Prison for $14 Million Fraud Tied to COVID-19 Loans

Taxes March 10, 2026 

Chicago-Area Tax Preparer Gets 10 Years in Prison for $14 Million Fraud Tied to COVID-19 Loans

Sharhabeel Shreiteh of Crete, IL, was sentenced to 10 years in federal prison Tuesday in a massive, $14 million fraud scheme where he collected kickbacks for filing more than 1,500 bogus loan applications at the height of the COVID-19 pandemic.

Law Professor Learns Harsh State Income Tax Lesson

Taxes March 10, 2026 

Law Professor Learns Harsh State Income Tax Lesson

A law school professor working from home contested a state law requiring him to pay tax to a different state than the one where he resides.

Ken Berry, JD

Which States Tax the Rich at the Highest Level?

Taxes March 10, 2026 

Which States Tax the Rich at the Highest Level?

Stacker, a website specializing in publishing data, found that the American elite—the top 1%—pay, on average, roughly 37% of overall income taxes and earn 19.5% of salaries nationwide.

Could Washington State ‘Millionaires Tax’ Lead to Capital Flight?

Taxes March 10, 2026 

Could Washington State ‘Millionaires Tax’ Lead to Capital Flight?

Tax them, and they will flee. That’s the idea behind capital flight, an economic term used by tax critics to describe an exodus of wealth and investments because of higher taxes or cost of doing business.

New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani

Taxes March 10, 2026 

New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani

A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.

Legal Fight Reopens Over Trump’s Push to Tax Low-Value Imports

Small Business March 10, 2026 

Legal Fight Reopens Over Trump’s Push to Tax Low-Value Imports

A U.S. trade court has revived a challenge to President Donald Trump’s move to end a tariff exemption for low-dollar imports, resuming a legal fight with financial stakes for online retailers and small businesses as well as Americans who directly buy goods overseas.

Column: Social Security Fairness Act Windfalls Can Surprise Some Seniors with Higher Property Tax Bill

Benefits March 10, 2026 

Column: Social Security Fairness Act Windfalls Can Surprise Some Seniors with Higher Property Tax Bill

The “gift” of higher Social Security benefits and the one-time catch-up payment clearly may have a downside for some—potentially a much higher property tax bill.

5 Tax Changes to Account for Before Filing 2025 Tax Returns

Taxes March 10, 2026 

5 Tax Changes to Account for Before Filing 2025 Tax Returns

Several provisions enacted in the One Big Beautiful Bill Act, which apply to the 2025-2028 tax years, may impact taxpayers’ returns. Here are five to consider before filing.

Booker to Propose Bill That Would Make First $75K in Earnings Tax Free for Married Couples

Taxes March 9, 2026 

Booker to Propose Bill That Would Make First $75K in Earnings Tax Free for Married Couples

Sen. Cory Booker (D-NJ) plans to propose legislation Tuesday that would increase the standard deduction to $75,000 for married couples filing jointly.

Tax Refunds Are Up Nearly 11% So Far in 2026, According to IRS Data

Taxes March 9, 2026 

Tax Refunds Are Up Nearly 11% So Far in 2026, According to IRS Data

For the week ending Feb. 27, the average refund was $3,742, up 10.6% over the average of $3,382 for the same timeframe last year.

AICPA Urges IRS to Expand First Time Abatement Program

Taxes March 9, 2026 

AICPA Urges IRS to Expand First Time Abatement Program

In a letter to the tax agency, the American Institute of CPAs asked the IRS to expand the First Time Abatement program in order to cover more types of tax and information return penalties.

Jason Bramwell

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