Taxes August 19, 2026
IRS Posts Updated Fact Sheet on Business Interest Expense Deduction Limit
The IRS said Aug. 19 that it has updated frequently asked questions about the limitation on the deduction for business interest expense.
IRS August 17, 2026
Treasury, IRS Provide Guidance on Paid Family and Medical Leave Tax Credit
The One Big Beautiful Bill Act makes the tax credit permanent and expands eligibility and coverage for businesses offering paid family and medical leave benefits to employees.
Taxes August 7, 2026
IRS Updates FAQs on OBBBA Overtime Tax Deduction
The IRS updated frequently asked questions about the new deduction for qualified overtime compensation, one of the many One Big Beautiful Bill Act tax provisions touted by the Trump administration.
Taxes July 8, 2026
Will World Series of Poker Main Event Attendance Be Impacted by Major Tax Changes?
While there are several variables that help determine the field size for the Main Event, one factor that could impact this year’s tournament is an amendment in the One Big Beautiful Bill Act that limits declarable losses for gamblers.
Payroll June 30, 2026
Fetterman Says He Will Open Trump Accounts for His Kids, Urges Others to Do the Same
Sen. John Fetterman—who did not vote for the GOP-led initiative last year—said he was urging families in deeply Democratic Philadelphia to look past Trump’s name on the program.
Taxes June 17, 2026
Treasury Department Says Expect Guidance Soon on New Scholarship Tax Credit
The Treasury Department last week previewed guidance expected to be released this fall on the new federal scholarship tax credit enacted as part of the One Big Beautiful Bill Act.
Taxes June 15, 2026
U.S. Residential Solar Installations Set to Stall for Years After Tax Credit Sunset
The U.S. residential solar industry is cratering after President Donald Trump eliminated a key tax credit for homeowners to install solar panels last year—and it’s dragging down residential battery additions, a new report says.
Taxes June 11, 2026
IRS Intends to Issue Proposed Regulations for Executive Compensation at Tax-Exempt Groups
The Treasury Department and the IRS said last week they plan to issue proposed rules addressing the tax on excessive compensation and excess parachute payments to top executives of tax-exempt organizations under the One Big Beautiful Bill Act.
Taxes June 8, 2026
Massachusetts Lawmakers Delay Federal Tax Cuts in $1.5 Billion Spending Bill
State lawmakers have reached an agreement on a $1.5 billion spending plan that divvies up money from the millionaires’ tax and delays some of President Donald Trump’s federal corporate tax cuts.
IRS May 28, 2026
IRS: Taxpayers Are Now Able to View and Submit Trump Account Elections in Their Individual Account
New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections, making it easier for families to invest in this tax-advantaged savings vehicle created by the One Big Beautiful Bill Act, the tax agency said May 28.
Taxes May 12, 2026
Hochul Fends Off Critics Over Tax Credit Program That Helps Families Pay for Private School
New York Gov. Kathy Hochul, a Democrat, on Monday defended herself against criticism from labor allies and members of her own party over her intent to opt into the GOP’s federal tax-credit scholarship program.
Taxes May 11, 2026
IRS Issues Guidance on Dyed Fuel Refund Claims
The Treasury Department and the IRS released temporary regulations and a notice of proposed rulemaking on April 30 highlighting new requirements for recovering federal excise tax paid on dyed fuel under the One Big Beautiful Bill Act.