General News February 3, 2026
House Narrowly Passes Compromise Bill to End Shutdown
The 217-214 vote sent the retooled spending package to President Donald Trump’s desk for his expected signature as soon as later Tuesday.
Taxes February 3, 2026
Republicans Look to Rebuke D.C. Council with Swing at Local Tax Code
The House is preparing to vote on a disapproval resolution this week that would reverse a recent measure passed by the D.C. Council that separates some local tax policies from the revamped federal tax code.
Taxes January 23, 2026
New Effort to Restore Gambling Loss Tax Deduction Busts in House
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes January 21, 2026
IRS, Treasury Update Safe Harbor Explanations for Retirement Plan Administrators
Notice 2026-13 provides two safe harbor explanations that plan administrators can use to satisfy the requirement under Section 402(f) of the tax code to provide certain information to recipients of eligible rollover distributions.
Taxes January 21, 2026
Boston Mayor Michelle Wu Not Backing Down From Tax Shift Bill After Massachusetts Senate Rebuke
Boston Mayor Michelle Wu said twice this week that she intends to stick with her bill to override the state’s property tax law despite continued opposition.
Taxes January 20, 2026
Reps. Pappas, Lawler Propose Bipartisan New Energy Tax Credit for Working Families
U.S. Reps. Chris Pappas (D-N.H.) and Mike Lawler (R-N.Y.) are proposing a temporary 75% federal tax credit for moderate-income families that pay more than 3% of their annual income on energy costs.
Taxes January 20, 2026
Reps. Miller and Horsford Introduce House Bill to Restore Gambling Loss Tax Deduction
The Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act would restore the long-standing rule allowing gamblers to deduct 100% of their gambling losses against their winnings.
Accounting January 15, 2026
AICPA Urges Congressional Support for ‘Fiscal State of the Nation Act’
The bipartisan legislation would promote greater fiscal transparency and require the Comptroller General of the United States to make an annual presentation before a joint hearing of the House and Senate Budget Committees.
Taxes January 13, 2026
ADP Pushes Lawmakers to Extend Work Opportunity Tax Credit
In a letter to the chairmen and ranking members of both tax-writing panels in Congress, ADP says it supports a five-year extension of the WOTC, which has been proposed in legislation by lawmakers in the House and the Senate.
Taxes January 12, 2026
Keeping Obamacare Tax Credits Alive is ‘Putting America First,’ GOP Senator Says
Sen. Bernie Moreno, R-Ohio, is one of approximately a dozen senators who're participating in talks to extend Obamacare credits that lapsed on Jan. 1, according to Politico.
Taxes January 9, 2026
House Votes to Renew Obamacare Tax Credits in Blow to GOP Leaders
The House voted 230-196 Thursday to send a three-year extension of the expired tax credits to the Senate. Seventeen Republicans supported the measure.
Taxes January 7, 2026
House Backs Renewing Obamacare Tax Credits, Defying GOP Leaders
Swing-district Republicans defied party leaders to join Democrats in advancing legislation Wednesday to revive expired Obamacare subsidies for three years.