Taxes October 19, 2026
The IRS said Friday it has started sending out refunds to more than 50,000 taxpayers who benefited from the adoption tax credit carryforward and expects to finish the refund process by the end of the year.
Taxes October 19, 2026
Starting with the 2026 tax year, taxpayers who take the standard deduction can also claim a new deduction for qualifying charitable cash contributions.
Taxes September 28, 2026
Taxpayers who sell or exchange qualified farmland to active farmers can elect to pay the tax on the gain in four equal installments under proposed regulations released by the Treasury Department and the IRS on Monday.
Legislation September 24, 2026
Legislation that would restore the full federal tax deduction for gambling losses is back on track as it passed out of committee and now awaits a House vote.
Taxes August 19, 2026
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
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
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
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
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
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
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
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.