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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

March 6, 2026  

Court Process Kicks Off for Tariff Refunds

March 6, 2026  

Senate Democrat’s New Tax Proposal Could Change Paychecks for Millions

March 6, 2026  

Washington ‘Millionaires Tax’ Headed for Passage as Governor Says He’ll Sign It

March 6, 2026  

Michigan’s New 24% Marijuana Tax Faces Repeal Effort

March 6, 2026  

Alabama Lawmakers May Change Simplified Sellers Use Tax That Has Sparked Multiple Lawsuits
Report Finds Trump’s Tariffs Cost U.S. Households $1,000 on Average in 2025

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.

19 States Offer Tax Credits for Private School Scholarship Donations

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.

Sen. Bernie Sanders to Kick Off California Billionaire Tax Campaign

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.

Washington’s Millionaires Tax Advances in State Senate with Some Changes

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.

Michigan Governor Floats ‘Sales Tax Holiday’ for School Supplies, Property Tax Refund for Seniors

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.

Oregon Democrats’ Bill to Add $300M to State’s Budget by Ending 3 Trump Tax Breaks Advances

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 Rolls Out New Enhancements to the Tax Pro Account

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.

Jason Bramwell

Opinion: This Tax-Refund Bonanza Won’t Do What Bessent Says It Will

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.

IRS Issues Proposed Rules on Clean Fuel Tax Credit

Taxes February 6, 2026 

IRS Issues Proposed Rules on Clean Fuel Tax Credit

The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.

Jason Bramwell

IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana

Taxes February 6, 2026 

IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana

The IRS this week announced tax relief for individuals and businesses in Montana affected by severe wind storms and flooding that occurred the second and third weeks of December 2025.

Idaho Supreme Court Rejects Challenge to Education Tax Credit Law

Taxes February 6, 2026 

Idaho Supreme Court Rejects Challenge to Education Tax Credit Law

The Idaho Supreme Court rejected a challenge to Idaho’s $50 million tax credit program that directs public money toward private schools and homeschooling expenses.

Bessent Says Taxpayers Will Foot the Bill if Trump Wins $10 Billion IRS Lawsuit

Taxes February 5, 2026 

Bessent Says Taxpayers Will Foot the Bill if Trump Wins $10 Billion IRS Lawsuit

The revelation came Thursday during a Senate Banking Committee hearing where Treasury Secretary and Acting Commissioner of the Internal Revenue Service Scott Bessent testified.

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