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.
Taxes January 6, 2026
AICPA Recommends Automating Extension Process for Taxpayers Affected by Federally Declared Disasters
The AICPA is requesting that the IRS leverage the use of its online taxpayer accounts to streamline the extension request submissions and notifications for section 1033 requests.
Taxes December 26, 2025
IRS Extends Tax Deadline to May 1 for Washington Storm Victims
The IRS announced tax relief for individuals and businesses in Washington state affected by severe storms, straight-line winds, flooding, landslides, and mudslides that began on Dec. 9.
Taxes September 23, 2025
IRS Provides Tax Relief to Livestock Farmers and Ranchers Impacted by Drought
The IRS issued guidance on Sept. 22 that provides tax relief for farmers and ranchers in every state except for Alaska who sold or exchanged livestock because of "exceptional, extreme, or severe" drought conditions.
Taxes September 22, 2025
Milwaukee Residents Receive Tax Relief From IRS After Flash Floods
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.