CEO Bisignano said, “Our goal is to make IRS services easy to access and more consistent across all of our platforms.” The Internal Revenue Service (IRS) has announced…
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White House Council of Economic Advisers Issues 10-Year Cost Estimates for DSA Agenda
The projected costs equal $49 trillion, or nearly $400,000 per U.S. household. The White House Council of Economic Advisers (CEA) issued a report, ahead of the midterm elections,…
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IRS Adds Citizenship Certification to 2026 Tax Forms for Tax Credits
Under federal law, noncitizens are not eligible for tax credits. The U.S. Internal Revenue Service (IRS) released a draft of the 2026 Form 1040 that, for the first…
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Treasury and IRS Announce Tax Filing Relief for DHS Personnel
The federal agencies seek to support “DHS employees and their families unfairly impacted by ongoing shutdown.“ The Department of the Treasury and the Internal Revenue Service (IRS) have…
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Senate Passes Legislation Overturning D.C. Tax Decoupling
The measure, already passed by the House, goes to the president for a signature. The U.S. Senate approved a joint resolution already passed by the House of Representatives…
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Council of Economic Advisers Issues Study on State Income Tax Elimination
The council analyzed the replacement of state income tax collection with sales tax revenue and limiting state service expansion. The White House Council of Economic Advisers released a…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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Senate Passes “No Tax On Tips”
The legislation now goes to the House. The U.S. Senate passed the “No Tax on Tips” Act this week. The concept was one that President Donald Trump campaigned…
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House Budget Committee Moves “Big Beautiful Bill” to Floor for a Vote
Budget advances after the second vote held following renegotiations. The House Budget Committee finally approved President Donald Trump’s long-awaited “big, beautiful bill” on Sunday. Four of the majority…
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House Majority Addresses Tax Policies in Reconciliation
The proposal includes no tax on tips and remittance tax for dollars flowing out of the country. The House majority released their massive budgetary proposal on Monday, outlining…
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