IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
Taxes May 1, 2025
New Tax Cuts Mostly Favor the Rich Across States This Year
Most states' tax systems already put a higher tax burden on lower-income households, but that trend only accelerated in this year's legislative sessions, worrying advocates who want to see the rich pay a larger share.
CAS April 30, 2025 Sponsored
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Taxes April 29, 2025
Low-Income Housing Credit Bill Back in the Mix for Federal Tax Package
A bipartisan duo is reintroducing a popular measure this week that would expand the low-income housing tax credit with an eye toward including it in Republicans’ budget reconciliation package.
Taxes April 28, 2025
IRS Issued Nearly 75 Million Tax Refunds as of April 11, Data Shows
In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued at this time last year.
Accounting June 3, 2025 Sponsored
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Taxes April 28, 2025
Trump Floats New Income Tax Cut in Bid to Ease Tariff Impact
President Donald Trump suggested on April 27 that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Taxes April 28, 2025
Trump’s Poll Numbers Drop Near 100-Day Mark, Raising Tax-Plan Stakes
Voter discontent with President Donald Trump’s economic stewardship is sinking his popularity as he approaches the symbolic 100-day mark of his second term, ratcheting up pressure on congressional Republicans to pass his tax plan.
Taxes April 28, 2025
Taxpayer Fails Test on Frivolous Tax Claim
Tax Court judges are notoriously a no-nonsense bunch. They consistently deny claims by taxpayers that are considered to be “frivolous” in nature.
Financial Reporting April 28, 2025
AICPA Outlines Its Digital Assets Activities to SEC’s Crypto Task Force
The AICPA was responding to a February call for public input on a range of crypto topics by SEC Commissioner Hester Peirce, the leader of the task force.
Small Business April 28, 2025
Trump’s China Tariffs Set to Unleash Supply Jolt on U.S. Economy
Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate. That drastic reduction in goods hasn’t been felt by many Americans yet, but that’s about to change.
IRS April 25, 2025
IRS Lets Go of Workers in Taxpayer Experience Office, Diversity Office in Taxpayer Services
An unknown number of employees who work in those two offices within the IRS received notice Friday afternoon that they are being laid off as part of the agency's reduction to its workforce.
Taxes April 25, 2025
Poll Says Trump Should Slow His Roll on Tax Hike Talk
President Donald Trump has said he's open to the idea of raising taxes, particularly on America's top earners; however, a recent poll shows voters are concerned about the prospect of tax hikes and would like to see Trump's 2017 tax cuts kept in place.