Finance, investment and tax-related legislation

The tax-writing Ways and Means Committee hasn't had any discussions about including tax provisions in a third reconciliation bill.

Members of the tax-writing House Ways and Means Committee are holding a hearing on a legislative package that would overhaul the taxation of digital assets.

The House-passed Taiwan tax bill, which has bipartisan support but languished in the Senate, could be a legislative priority where both parties could coalesce.

The Internal Revenue Service characterizes the 2026 tax filing season as a success. What do you think?

The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.

Rep. Kristen McDonald Rivet, introduced the Working Parents Tax Relief Act, which would give parents up to an additional $5,500 per child under the age of four.

A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing, as well as disaster relief and tax breaks.

The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program and provide faster payouts to tipsters.

The House Appropriations Committee approved further budget cuts for the IRS, expanding the use of AI and data analytics to handle enforcement.

The House Financial Services Committee voted to advance legislation that would effectively repeal the Corporate Transparency Act and its beneficial ownership information reporting requirements.

Senators introduced tax-related legislation aimed at improving taxpayer service, cracking down on tax evasion and curbing the carried interest tax break.

If Congress attempts to pass a second tax bill before the midterms, Rep. LaLota plans to push to expand the state and local tax deduction.

The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general, and tax fraud whistleblowers.

A clear pattern is emerging of sectors that stand to win the most from the deductions and special preferences in the One Big Beautiful Bill Act.

A recent study by the Treasury Inspector General for Tax Administration found that the IRS has spent $15.7 billion of the $26 billion remaining from the 2022 Inflation Reduction Act.

Normally, election years are not very active years for tax legislation ... but there are signs this might not be a normal year.

The legislation would eliminate income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500.

Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by the One Big Beautiful Bill Act.