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The IRS kicked off tax season facing a hiring freeze imposed by President Trump in an executive order and uncertainty over $20 billion in budget cuts.
January 27
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President Trump reiterated his pledge to eliminate taxes on income from tips during a rally in Las Vegas, where the hospitality and service industry is dominant.
January 27
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Following the Republican victory in the 2024 election, tax reform and political changes are at the forefront of every accountant's agenda.
January 24
Source Advisors -
Trump described the European Union's cases against the American tech companies as "a form of taxation," in comments at the World Economic Forum in Davos.
January 24
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House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.
January 23
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Republicans in the House introduced legislation to end U.S. involvement in the OECD framework, in response to a Trump executive order.
January 22
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Senate Republicans would like to do a large bill on immigration and energy first and then tackle tax reform in a second bill. House Republicans prefer one large bill.
January 22
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Trump said in his inaugural address that "instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens."
January 21
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President Trump signed a series of executive orders after his inauguration, including a hiring freeze for federal government workers, particularly at the IRS.
January 20
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Most Biden administration tax proposals weren't adopted by Congress, including an idea to tax the unrealized gains of billionaires.
January 16
