Income taxes

Tax cuts and Mickey's slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.

Sens. Bill Cassidy and Mark Warner introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for refunds.

Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.

National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.

The former president pledged to lift a cap on the state and local tax deduction valuable to many New York homeowners that he imposed as president.

Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House.

Tax targets; getting creative; one SALT workaround; and other highlights from our favorite tax bloggers.

She also reiterated a call to end taxes on tips for service and hospitality workers, a proposal Trump made first.

The Treasury Department and the Internal Revenue Service said Tuesday that Maine will be the latest state to join the IRS Direct File free tax prep system for filing season 2025.

A useful AMT; refunds of the dead; core-satellite portfolios; and other highlights from our favorite tax bloggers.

The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation.

New report finds undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer.

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.

The senator dismissed concerns from budget watchdogs that it could increase the deficit by $250 billion or even more over a decade.

Residents with low income in these 20 states pay a smaller percentage of their income in tax.

Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.

Donald Trump's new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.

Republican lawmakers, including some who have been skeptical of higher tariffs, said Trump's pitch was well received.