Taxes June 23, 2025
The Senate draft highlights key differences from the House-passed bill, such as permanent extensions on many corporate tax provisions, modifications to international rules, and a limited expansion of the SALT deduction.
Payroll June 20, 2025
The state-by-state analysis lists the anticipated increases to take-home pay for a “typical family with two kids” and the “long-run wage increase” for families, adjusted for inflation.
Taxes June 20, 2025
The 3.5% tax on remittances, which are not currently taxed, is among several provisions tucked inside President Donald Trump’s “One Big, Beautiful Bill” tax-and-spending plan.
Taxes June 19, 2025
Mexican-made packs of popular U.S. cigarette brands are flooding the market as a result of a loophole in U.S. trade law.
Taxes June 18, 2025
Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.
Small Business June 18, 2025
The request filed by two family-owned toy companies on June 17 seeks to put the case on an expedited track with the possibility of a definitive Supreme Court ruling by the end of the year.
Taxes June 17, 2025
Despite changes from the Tax Cuts and Jobs Act (TCJA), military personnel may still claim a deduction for job-related moving expenses. But simply working for the armed forces doesn’t command a deduction.
Taxes June 17, 2025
The proposal, which follows the House’s narrow passage of its own version in May, includes sweeping changes to the tax code.
Taxes June 17, 2025
Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns, and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates.
Taxes June 17, 2025
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 17, 2025
The Senate's version of President Donald Trump’s signature economic package expands some tax breaks while raising the debt ceiling by $5 trillion, instead of $4 trillion in the House-passed measure.
State and Local Taxes June 16, 2025
The Senate Finance Committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump's sprawling budget bill, a dramatic reversal from the $40,000 that was negotiated in the House last month.