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.
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.
Taxes March 9, 2026
Washington State’s ‘Millionaires Tax’ Proposal Haunted by 1933 Court Decision
The Washington State Supreme Court's 1933 Culliton v. Chase decision spawned Washington's often-criticized tax structure, which relies heavily on sales and business taxes.
IRS March 9, 2026
Former IRS Agent Sentenced to 18 Months in Prison
Kathleen Mannion, 59, of Lawrence, MA, pleaded guilty last May to four counts of aiding and assisting in the preparation and filing of a false tax return and one count of theft of government money.
Taxes March 9, 2026
Senators Push Trump for $200B Tax Cut Without Congress; Experts Say It’s Illegal
U.S. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., asked the Treasury Department to cut capital gains taxes on investors—and they claim the move does not need congressional approval.
Taxes March 6, 2026
Senate Democrat’s New Tax Proposal Could Change Paychecks for Millions
Sen. Chris Van Hollen, D-MD, has introduced a proposal that would eliminate federal income taxes for workers earning up to $46,000 and married couples earning up to $92,000, meanwhile adding a surtax on taxpayers earning more than $1 million.
Taxes March 6, 2026
Washington ‘Millionaires Tax’ Headed for Passage as Governor Says He’ll Sign It
Washington’s proposed new income tax for people earning more than $1 million a year appears headed for passage, with Gov. Bob Ferguson saying he’ll sign the latest version of the measure proposed by legislative Democrats.
Taxes March 5, 2026
Here Are the IRS ‘Dirty Dozen’ Tax Scams for 2026
With tax-filing season in full-go mode and with March 5 being National Slam the Scam Day, the IRS on Thursday announced its annual "Dirty Dozen" list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals.
Technology March 5, 2026
With the Blessing of Ex-IRS Chief, Prime Meridian Unveils Free Tax Filing Platform
A new consumer-focused tax filing platform was released Thursday by Prime Meridian, a Palo Alto, CA-based company that includes former IRS commissioner Danny Werfel as a strategic advisor.
Taxes March 5, 2026
Hoping for a Tax Refund? Fund an IRA
This tax-deductible money move can help individuals lower their tax bills while growing their retirement savings.
Taxes March 5, 2026
IRS 1099-DA Reporting Gaps Could Cause Crypto Investors to Overpay Taxes by $14,500, Summ Analysis Finds
The analysis of 30,000 U.S. users with moderate trading activity found $435 million in inflated capital gains for the 2025 tax year alone—a 944% overstatement compared to actual gains of $46 million.
Taxes March 4, 2026
IRS Posts FAQs on OBBBA Changes to Adoption Tax Credit
The Treasury Department and the IRS issued a fact sheet on Feb. 27 that clarifies two changes to the adoption tax credit in President Donald Trump's tax law that was enacted last July.