Taxes September 29, 2026
How IRS Tax Relief Ads Can Promise Big Savings
Tax relief ads promise IRS debt cuts, but experts say few qualify and some companies charge high fees for little help.
Legislation September 23, 2026
House Passes Bill That Gives Tax Relief to Fraud Victims
Americans would be able to deduct money lost to fraud and scams from their federal taxes under a bill by U.S. Rep. Max Miller (R-OH) that passed last week in the House of Representatives.
Taxes September 15, 2026
IRS Extends Drought Tax Relief for Farmers and Ranchers
The IRS issued guidance on Tuesday that extends tax relief for farmers and ranchers in 49 states and other regions who sold or exchanged livestock because of drought conditions.
Taxes August 12, 2026
Wyden’s Wildfire Tax Relief Bill Passes Just Before Congress Recesses
A bill backed by Oregon Sen. Ron Wyden to relieve natural disaster survivors from paying federal income taxes on their recovery settlements passed against unexpected odds.
Taxes July 14, 2026
AICPA Expresses Support for Bill to End Tax Penalties on American Hostages
The bill would provide tax relief to Americans and their families if they are unlawfully detained or held hostage abroad.
Taxes May 14, 2026
Hassan Proposes Bipartisan Bill to Give Tax Relief to Families of Fallen First Responders
Sen. Maggie Hassan, D-N.H., is co-authoring bipartisan legislation to provide two years of federal income tax forgiveness for families of fallen first responders.
Taxes April 30, 2026
Federal Disaster Tax Relief Certainty Act Passes House
The bipartisan bill, introduced by U.S. Reps. Mike Thompson (D-CA) and Greg Steube (R-FL), would permit victims to claim disaster-related personal casualty losses without having to itemize deductions through Jan. 1.
Taxes April 30, 2026
Tax Relief Change Legislation Reaches Compromise in Hawaii
Several negotiators in the state House and Senate reached a tentative agreement Tuesday night on a compromise draft of legislation altering future Hawaii income tax cuts.
Taxes March 12, 2026
Democrats Float Tax Relief Plans to Home in on Affordability
Democrats with potential presidential aspirations have unveiled a slew of tax breaks in recent days that emphasize the party’s focus on affordability in hopes of taking back the White House.
Taxes March 4, 2026
AICPA Asks IRS to Give Tax Penalty Relief to Farmers Impacted by Form 8995 Changes
In a letter submitted to the IRS, the American Institute of CPAs requested penalty relief for qualified farmers due to changes made to the instructions for Form 8995, Qualified Business Income Deduction Simplified Computation.
Taxes February 11, 2026
Trump’s OBBBA Cut Taxes on Tips, But Here’s Why Servers in Illinois and Other States Will Still Pay
Under the One Big Beautiful Bill Act, U.S. workers can now temporarily deduct tips from their federal income taxes, up to a $25,000 limit. But Illinois is one of the states that are decoupling with the policy, so tipped income will still be taxed at the state level.
Taxes February 6, 2026
IRS Says Tax Relief Available for Those Affected by Severe Storms in Montana
The IRS this week announced tax relief for individuals and businesses in Montana affected by severe wind storms and flooding that occurred the second and third weeks of December 2025.