Taxes May 5, 2025
The White House hasn’t provided any details of how the tax break would work, but the president touted it during the 2024 campaign and reiterated his support last month.
Taxes May 5, 2025
Experts say the IRS would face an “uphill climb” if it decided to move ahead against Harvard. And that fight could potentially take years.
Taxes May 2, 2025
President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.
Taxes May 2, 2025
While he did not elaborate, President Donald Trump posted to his Truth Social feed early Friday: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”
State and Local Taxes May 2, 2025
The $10,000 cap on SALT, one of the most contentious issues in the GOP debate on its giant tax bill, remained unresolved as lawmakers left Washington on Thursday.
IRS May 1, 2025
The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.
Taxes May 1, 2025
Harvard's conflict with the Trump administration may not just threaten its research funding. The president said that the university “perhaps” should lose the tax exemption it enjoys as an educational institution.
Taxes May 1, 2025
Most states' tax systems already put a higher tax burden on lower-income households, but that trend only accelerated in this year's legislative sessions, worrying advocates who want to see the rich pay a larger share.
CAS April 30, 2025
Here are the advantages of cloud accounting and how delivering services in the cloud can revolutionize the way a tax professional operates.
Technology April 30, 2025
Terms of the agreement include a $15 million minority investment representing a 10 percent ownership interest, as well as IP sharing and a commercial arrangement.
Taxes April 29, 2025
A bipartisan duo is reintroducing a popular measure this week that would expand the low-income housing tax credit with an eye toward including it in Republicans’ budget reconciliation package.
Taxes April 28, 2025
In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued at this time last year.