Tax Strategies

A group of Democratic legislators in Connecticut with degrees from Yale University are threatening the school's tax-exempt status if leaders make a deal with the Trump administration over probes into admission practices.

The U.S. Treasury Department has expressed concern over a number of high-profile tax strategies touted by Wall Street that it says may be "too good to be true."

A dispute the singer sought to turn into a public indictment of inspectors' practices is set to be thrust back into the limelight.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.

Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.

The National Taxpayers Union Foundation's Taxpayer Defense Center filed a lawsuit seeking to end the collection of donor information from nonprofits.

Americans using prediction markets to bet on the World Cup may face less tax burden than peers wagering through sportsbooks thanks to investment tax breaks.

The federal scholarship tax credit is set to take effect on Jan. 1, 2027, with proposed regulations expected by the end of September.

The Trump administration is touting its tax-advantaged investment accounts, but critics say the accounts may only reach those who are already set in life.