Taxes December 12, 2025
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
December 11, 2025
December 8, 2025
Taxes December 12, 2025
The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.
Taxes December 11, 2025
The Senate on Thursday rejected plans from Republicans and Democrats to ease soaring health care costs, making it more likely many people face health insurance premiums that could double shortly.
Taxes December 11, 2025
Rep. Brian Fitzpatrick, R-Pa., on Wednesday filed a discharge petition to force a vote on a two-year extension of the enhanced Affordable Care Act tax credits, as House GOP leadership eyes a health care vote next week that won’t include such a measure.
Taxes December 9, 2025
Gov. Maura Healey on Tuesday called on Congress to approve an extension of Affordable Care Act tax credits, warning that health care costs for millions of Americans would skyrocket if lawmakers fail to act.
Taxes December 8, 2025
Republican U.S. Sens. Bernie Moreno of Ohio and Susan Collins of Maine are introducing legislation to extend the tax credits for two years while imposing new restrictions on eligibility.
Legislation December 8, 2025
For CPAs, accountants, and tax professionals, the OBBB delivers sweeping reforms, some long-awaited from the Tax Cuts and Jobs Act (TCJA) of 2017 and some unexpected.
Taxes November 19, 2025
President Donald Trump on Tuesday gave his sharpest rebuke of congressional Democrats’ efforts to extend expiring Affordable Care Act enhanced tax credits, saying he would not support legislation to do so.
Taxes November 17, 2025
Treasury Secretary Scott Bessent said President Donald Trump’s proposal to send $2,000 “dividend” payments from tariffs to U.S. citizens would require congressional approval.
Taxes November 11, 2025
Expiring Affordable Care Act subsidies face an uphill battle for renewal as Democrats try to find enough Republicans to back an extension.
Taxes November 10, 2025
They did get a pledge for a separate vote on the health-care tax credits in the coming weeks, but the prospects of Democrats landing a win from that endeavor are far from certain.
Taxes November 10, 2025
Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic policy bill earlier this year.
Taxes November 6, 2025
The Treasury Department and the IRS issued guidance on Nov. 5 providing penalty relief to employers and other payors for tax year 2025 on the new information reporting rules for cash tips and qualified overtime compensation in the tax-and-spending law.