Taxes July 8, 2026
Instead of Uniting the Left, California’s Billionaire Tax Measure Has Split Democratic Allies
The November ballot item has triggered a rift among progressive labor unions and Democrats, groups critical to the measure's success.
Taxes July 8, 2026
Child Care Tax Credit for New Hampshire Biz Becomes a Reality
Starting in 2028, employers that create new or expanded childcare options can qualify for a tax credit against either of the state’s two main business taxes.
Taxes July 7, 2026
42 States Don’t Tax Social Security. Here Are the 8 That Do
Recognizing the vital role the program plays for many, the majority of states exempt Social Security income from taxation. Eight do not, however, though rules of what is taxed vary widely.
Taxes July 7, 2026
California GOP Asks for Trump Administration’s Help to Stop New Tax on Health Insurers
California Republicans are turning to the Trump administration to do what they couldn’t in the Legislature: defeat a new tax on health insurers recently approved by Democrats.
Taxes July 7, 2026
New Jersey Eyes 9% Tax on Prediction Markets
New Jersey lawmakers are advancing a bill that would impose an additional 9 percent tax on income earned by companies and individuals that operate prediction markets.
Payroll July 7, 2026
Trump Accounts Risk Missing Low-Income Families Buying In
The Trump administration is touting its tax-advantaged investment accounts for those under 18, but critics say the accounts may only reach those who are already set in life.
Taxes July 6, 2026
How Much Will World Cup Players Pay in Taxes? In 2026, FIFA is the Real Winner
Mexico, the U.S., and Canada will share federal tax revenue, but many other taxes come into play with the World Cup, teams, and players.
IRS July 6, 2026
IRS Shares Data with More Than 1,000 Organizations, Some of Which It Can’t Identify
The IRS has 1,124 known data-sharing agreements with outside organizations that are provided with federal tax information. The problem is the IRS couldn't identify all of its agreements or contracts because the agency doesn't have a centralized database.
Taxes July 6, 2026
Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures
Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.
Taxes July 6, 2026
TIGTA Made 91 Surprise Visits to IRS Taxpayer Assistance Centers. Here’s What Happened
Some IRS Taxpayer Assistance Centers didn't provide accurate tax guidance or properly assist walk-in taxpayers during the 2025 filing season, according to a new report from the Treasury Inspector General for Tax Administration.
IRS July 6, 2026
Senate Democrat Demands Records on DOJ, IRS Settlement Planning
Sen. Sheldon Whitehouse (D-R.I.) seeks copies of “all memoranda prepared by the IRS discussing defenses against” claims Trump and his sons made in their $10 billion lawsuit against the IRS, according to a letter.
Taxes July 2, 2026
After Newsom Couldn’t Stop It, California Braces for Billionaire Tax Brawl
A week after Gov. Gavin Newsom failed to broker a deal to stop a proposed billionaire tax, both sides of the fight are trading blame and bracing for a high-stakes, nationally watched political brawl.