Taxes January 8, 2026
IRS: 2026 Tax Filing Season to Start Jan. 26
The IRS expects to receive about 164 million individual income tax returns this year, with most taxpayers filing electronically.
Taxes January 5, 2026
Solar Installers Pivot After ‘Mad Rush’ to Claim Residential Tax Credit Ends
With a Dec. 31 deadline to connect solar panels before a significant federal tax credit for homeowners expired, installers were racing to mount panels before the incentive evaporated.
Taxes January 5, 2026
Bettors’ Phantom Winnings—in Nevada and Elsewhere—Now Face Real Tax Liability
Gamblers and casual bettors nationwide face a new tax reality: Starting in 2026, they can deduct just 90% of their losses against winnings, a drop from the prior full 100% allowance.
Taxes December 31, 2025
IRS Issues Proposed Regs on OBBBA’s Car Loan Interest Deduction
The IRS and U.S. Treasury just rolled out official guidance on a brand-new tax deduction that could save car buyers up to $10,000 in 2026.
Taxes December 23, 2025
IRS Says Guidance Forthcoming on Dyed Fuel Excise Tax Refunds
Announcement 2026-01, which was issued on Dec. 22, notes that future IRS guidance will explain the process of how eligible taxpayers can submit a dyed fuel refund claim.
Taxes December 22, 2025
IRS Provides Safe Harbor for Claiming Carbon Capture Tax Credit
Notice 2026-01 provides a safe harbor for businesses that wish to claim the Section 45Q tax credit for qualified carbon oxide captured and disposed of in secure geological storage occurring during calendar year 2025.
Taxes December 22, 2025
IRS: States Can Make an Advanced Election to Participate in New Scholarship Tax Credit
This new credit, established under the One Big Beautiful Bill Act, is for contributions to scholarship granting organizations that serve elementary and secondary school students from low- and middle-income families.
Taxes December 18, 2025
IRS Confirms $2K Slot Jackpot Threshold Set to Begin in 2026
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which amended federal information-reporting requirements for certain payments, including casino gambling winnings.
Taxes December 17, 2025
Here’s Why Americans Could See a $1,000 Increase in Tax Refunds Next Year
Recent tax legislation imposed by President Donald Trump and enacted by the One Big Beautiful Bill Act is at the heart of the increase, the White House said.
Taxes December 12, 2025
Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
Legislation December 8, 2025
Decoding the OBBB: Practical Insights for CPAs and Their Clients
For CPAs, accountants, and tax professionals, the OBBB delivers sweeping reforms, some long-awaited from the Tax Cuts and Jobs Act (TCJA) of 2017 and some unexpected.
Taxes December 3, 2025
IRS Urges Americans to Take These Steps Before Upcoming Tax Season Begins
The IRS says planning early is extra important this year because of major changes, such as the One Big Beautiful Bill Act, which can significantly affect federal taxes, credits and deductions.