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.
Payroll June 20, 2025
White House: Families in These States Would Benefit the Most From Trump Tax Bill
The state-by-state analysis lists the anticipated increases to take-home pay for a “typical family with two kids” and the “long-run wage increase” for families, adjusted for inflation.
Taxes June 20, 2025
Trump’s Plan to Tax Money Sent Abroad Could Impact Latin America, Caribbean Economies
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
Taxes June 19, 2025
Tax Break for Cigarettes Sparks a Flood of Imports
Mexican-made packs of popular U.S. cigarette brands are flooding the market as a result of a loophole in U.S. trade law.
Taxes June 18, 2025
AICPA Applauds Senate Efforts to ‘Improve and Correct’ House Version of Tax Bill
Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.
Small Business June 18, 2025
Supreme Court Asked to Hear Challenge to Trump’s Global Tariffs
The request filed by two family-owned toy companies on June 17 seeks to put the case on an expedited track with the possibility of a definitive Supreme Court ruling by the end of the year.
Taxes June 17, 2025
Tax Court Refuses Moving Expense Deduction for Military Contractor
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 17, 2025
Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate GOP Tax Bill Would End Federal Taxes on Many Guns, Silencers
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Wind, Solar Credits Set to End Early in Senate Republican Tax Bill
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
Senate Republicans Unveil Revised Tax Cuts and Debt Limit Bill
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
Senate Panel Rolls Back SALT Cap to $10,000 in Trump Budget Bill
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.
Taxes June 16, 2025
Trump Tax Plan: What to Expect From the ‘Big, Beautiful’ Bill
The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically different results for U.S. taxpayers, depending on where you fall on the income spectrum.