Taxes April 17, 2026
Mamdani Made More Than $1,600 in Rapping Royalties Last Year, Tax Return Shows
New York City Mayor Zohran Mamdani made $1,643 in royalties from his now-defunct rap career last year, a copy of his tax return shows.
Taxes April 13, 2026
Trump Has McDonald’s DoorDashed to Oval Office to Tout ‘No Tax on Tips’ Policy
Sharon Simmons, a DoorDash employee from Arkansas, delivered a McDonald's lunch to President Donald Trump at the doors of the Oval Office Monday, claiming she's saved $11,000 from the president’s tax policy.
Taxes April 10, 2026
IRS Issues Final Regs on Occupations Eligible for OBBBA Tips Deduction
The Treasury Department and the IRS issued final regulations on Friday that list the occupations of tipped workers eligible for the "no tax on tips" provision introduced by last summer's One Big Beautiful Bill Act.
Taxes April 9, 2026
GOP Congressman Blames Senate Democrats for 2028 Senior Tax Relief Sunset
U.S. Rep. Derrick Van Orden (R-WI) says Social Security tax reductions for seniors in President Donald Trump’s One Big Beautiful Bill Act would have extended long beyond 2028 were it not for Senate Democrats.
Taxes March 9, 2026
Booker to Propose Bill That Would Make First $75K in Earnings Tax Free for Married Couples
Sen. Cory Booker (D-NJ) plans to propose legislation Tuesday that would increase the standard deduction to $75,000 for married couples filing jointly.
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 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 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.
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 26, 2025
New USPS Rule Could Affect Year-End Tax Deductions
As a result of the new stipulation, the date stamped on mailed items may be several days later than when the mail was actually deposited, raising concerns for taxpayers who rely on the postmark to document the timing of charitable gifts.
Taxes October 21, 2025
IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA
The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.
Special Section: Guide to 2025 Tax Changes September 24, 2025
Keys to the New Auto Loan Interest Tax Deduction Under the New Tax Law – OBBBA Tax Law Changes
The One Big Beautiful Bill Act (OBBBA) authorizes a new tax deduction for auto loan interest, beginning in 2025 and ending after 2028.