Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes December 11, 2025
IRS Issues Guidance on New HSA Tax Benefits Under OBBBA
The Treasury Department and the IRS provided guidance in Notice 2026-05 on Dec. 9 on new tax benefits for health savings account participants under this summer's One Big Beautiful Bill Act.
Taxes December 11, 2025
Moderate House Republicans Look to Force Vote on ACA Tax Credits
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 11, 2025
Boston Homeowners to See 13% Tax Increase
Boston Mayor Michelle Wu has said the new tax rates will result in a 13%, or $780 increase, in property taxes for the average single-family homeowner next year.
Taxes December 9, 2025
Chicago Mayor Tweaks Head Tax Plan to Target Bigger Companies
Mayor Brandon Johnson proposed a new version of his head tax Tuesday, now pushing a $33-per-employee monthly tax on companies with over 500 Chicago employees.
Taxes December 9, 2025
Boston Mayor’s Tax Battle Heats Up Ahead of Vote to Set Residential Tax Hike at 13%
The Boston City Council is expected to vote Wednesday to set the residential tax rate at $12.40 per thousand dollars of assessed value and commercial tax rate at $26.96 per thousand dollars of assessed value.
Taxes December 9, 2025
Massachusetts Governor Urges Congress to Extend ACA Tax Credits Before Costs ‘Skyrocket’
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 9, 2025
Michigan Judge Allows State’s New 24% Marijuana Tax to Stand for Now
A Michigan judge ruled against marijuana businesses in the state Dec. 8, rejecting their arguments that a new 24% wholesale tax on their products, imposed by the Legislature as part of a road-funding deal, should be immediately blocked.
Technology December 9, 2025
Ramp Introduces Automated 1099 Filing
Ramp has launched 1099 filing directly inside its Bill Pay product, giving businesses a fully integrated solution to prepare and file forms 1099-NEC and 1099-MISC in just a few clicks.
Taxes December 8, 2025
Senate Republicans Introduce Bill to Extend ACA Tax Credits with Income Cap and Minimum Premium
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.
Taxes December 8, 2025
How Much Should the IRS Know About Your Charitable Giving? It’s More Than You May Realize
Even if you never claim a tax deduction, the federal government may still know which charities you support.
Taxes December 8, 2025
AICPA Tells Treasury to Simplify Passthrough Entity Reporting Requirements
The suggestions include recommendations to help alleviate time compression constraints currently impacting the ability of tax practitioners to prepare complete and accurate returns for PTEs, specifically those with tiered structures.
Legislation December 8, 2025
Decoding the OBBB: Practical Insights for CPAs and Their Clients
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.