Finance, investment and tax-related legislation

A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.

The House passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.

While Congress and the Trump administration seem to want major tax legislation this year, it looks like it is going to be a very difficult process.

Both houses of Congress have passed budget resolutions — but they have passed very different budget resolutions.

A bipartisan group has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

Tax cuts could help soften the tariffs' impact on the economy, and allies would ideally like to pass a bill by July — though there are plenty of hurdles.

The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service.

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

Tax pros don't expect big changes for the coming filing season — but they're already worrying about the one after that