Taxes July 23, 2026
Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He’s Still Fighting
Wilson Perry Kirby, 76, says a $20,000 refund the IRS sent by mistake has turned into a yearslong dispute.
Taxes July 21, 2025
Trump Tax Law to Add $3.4 Trillion to U.S. Deficits, CBO says
The Congressional Budget Office score for the law, released July 21, reflects a $4.5 trillion decrease in revenues and a $1.1 trillion decline in spending through 2034, relative to a current-law baseline.
Taxes July 21, 2025
IRS Extends Filing Deadlines for Taxpayers in 4 New Mexico Counties Following Severe Floods
Individuals and businesses with addresses in Chaves, Lincoln, Otero, and Valencia counties in New Mexico now have until Feb. 2, 2026, to file various federal tax returns and make tax payments.
Accounting July 21, 2025
AICPA Asks Treasury, IRS for Guidance on SECURE 2.0 Roth Catch-Up Contributions
In a letter sent to Treasury and the IRS earlier this month, the AICPA requested additional guidance related to catch-up contributions designated as Roth contributions within Section 603 of the SECURE 2.0 Act of 2022.
Technology July 21, 2025
Ryan Announces Integration with SAP Concur for M&E Tax Deductions
The meals and entertainment deduction optimization integration addresses a common challenge for tax and finance teams: identifying and classifying deductible M&E expenses across large datasets, Ryan says.
Accounting July 21, 2025
European Union Makes Plans to Retaliate for Trump Tariffs
Before Trump’s letter, the EU had been hopeful it was edging toward an initial framework that would allow detailed discussions to continue on the basis of a universal rate of 10% on many of the bloc’s exports.
Taxes July 18, 2025
5 Trump Tax Law Changes to Marketplace Insurance
The new law implements changes to premium tax credit rules and makes marketplace insurance more expensive and harder to keep.
Taxes July 18, 2025
Will the Elimination of Federal Tax Credit Significantly Hurt the Solar Industry?
Experts debate if the elimination of the 30% federal tax credit for residential rooftop solar installations will significantly hurt the industry or if solar adoption developed such momentum that it will continue to grow on its own.
Taxes July 18, 2025
Trump’s Auto Loan Tax Break Could Save Working-Class Buyers Thousands, Experts Say
A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred dollars apiece on new U.S.-built vehicle purchases through 2028.
Taxes July 17, 2025
IRS Explains New Trump Tax Law Deductions for Workers, Seniors
The IRS released a fact sheet earlier this week describing new tax provisions—no tax on tips, no tax on overtime, no tax on car loan interest, and a deduction for seniors—in the One Big Beautiful Bill Act.
Taxes July 17, 2025
Trump Struggles to Market His Tax Law That 61% of Voters Oppose
President Trump, who built a career on savvy branding, has yet to convince the public that the law’s sweeping tax cuts and reductions to social safety-net programs are good policy.
Taxes July 17, 2025
When Do Trump Tax Law Changes Go Into Effect?
The GOP megabill staggers the rollout of its sweeping budget provisions, including tax breaks and social program cuts.
Taxes July 17, 2025
5 of the Biggest Effects on Higher Education in Trump Tax Law
The One Big Beautiful Bill Act encompasses considerable changes to student loans and tax increases on certain college and university endowments.