Taxes July 31, 2025
New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Taxes July 31, 2025
New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Taxes July 29, 2025
Bipartisan Senate Bill Would Expand Tax Credits for Businesses Hiring Student Veterans
The legislation would incentivize businesses to hire student veterans through an expansion of the Work Opportunity Tax Credit.
State and Local Taxes July 28, 2025
One Tax Change in Trump’s ‘Big Beautiful Bill’ That Even Illinois Gov. JB Pritzker Supports
The budget reconciliation plan Republicans pushed through Congress this summer includes a tax change that Democrats as well as some Republicans in high-tax blue states have backed for years.
Taxes July 28, 2025
In Las Vegas, House Republicans Take Victory Lap on ‘No Tax on Tips’ Policy
"No tax on tips" took center stage on July 25 during a visit from the House Ways and Means Committee to Las Vegas to promote President Donald Trump's One Big Beautiful Bill Act.
Taxes July 28, 2025
4 Rich Colleges Dodged a Big Trump Tax—and May Have an Unlikely Ally to Thank
Four small wealthy and elite private colleges in Massachusetts may have a conservative college in the Midwest in part to thank for escaping a hike in an endowment tax under President Donald Trump’s tax law.
Small Business July 25, 2025
Some Small Business Owners Sweating Impact Trump Tax Law Will Have on Their Bottom Line
Business owners have shared concerns about cuts to Medicaid and other health care programs, while the U.S. Chamber has praised the new law as pro-growth.
Taxes July 25, 2025
Trump’s Big Bill Boosts Micron’s Tax Break for Chip Plants by About $5 Billion
The bill increases an existing investment tax credit from 25% to 35% for semiconductor manufacturers who build new plants in the United States.
State and Local Taxes July 25, 2025
Taking a Look at the New SALT Deduction
Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes.
Taxes July 24, 2025
IRS Slot Machine Jackpot Threshold is Going Up, Experts Say
The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates its rules.
Taxes July 21, 2025
Trump Tax Law to Add $3.4 Trillion to U.S. Deficits, CBO says
The Congressional Budget Office score for the law, released July 21, reflects a $4.5 trillion decrease in revenues and a $1.1 trillion decline in spending through 2034, relative to a current-law baseline.
Taxes July 18, 2025
5 Trump Tax Law Changes to Marketplace Insurance
The new law implements changes to premium tax credit rules and makes marketplace insurance more expensive and harder to keep.
Taxes July 18, 2025
Will the Elimination of Federal Tax Credit Significantly Hurt the Solar Industry?
Experts debate if the elimination of the 30% federal tax credit for residential rooftop solar installations will significantly hurt the industry or if solar adoption developed such momentum that it will continue to grow on its own.