Income taxes

A recent study calculated which U.S. states put the heaviest tax burden on their residents.

A recent study calculated which U.S. states have the lightest touch when it came to dipping into their residents' pockets.

Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country.

More than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022.

Up in smoke; contingency planning; disaster strikes; and other highlights from our favorite tax bloggers.

While AI is suitable for some tasks and use cases, there are other tax applications that are simply too risky, whether from an economic or security standpoint.

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.

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight.

The members of the "Patriotic Millionaires," who include a Disney heiress, argue that rich residents can afford paying more into city coffers.

Volunteer Income Tax Assistance sites serve as the front line of tax compliance for low- and moderate-income taxpayers. The 2026 filing season has introduced several recurring issues that require heightened diligence by site coordinators and student volunteers.

The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.

Free File program; state tax changes; college costs climbing; and other highlights from our favorite tax bloggers.

The Senate blocked a resolution that would have disapproved of recent guidance from the Treasury Department weakening the corporate alternative minimum tax.

The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination.

The New York City mayor is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations.

The Internal Revenue Service officially opened tax-filing season amid changes from the One Big Beautiful Bill Act and the threat of another government shutdown.

States generally assert taxing authority over income based on two core principles: residency and source.

The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.

The Internal Revenue Service and the Treasury said the payment of $1,776 for members of the military announced by President Trump last month would not be taxed.