Payroll July 15, 2025
How the $1,000 ‘Trump Accounts’ Compare to 529 Plans and Custodial Roth IRAs
Here’s what you should know about these “baby 401(k)s” and how they compare to other savings plans for children.
Taxes July 15, 2025
Trump Tax Law Could Be to Blame If Your Employer Gets Rid of This Longstanding Office Perk
Beginning on Jan. 1, companies in the U.S. will no longer be able to deduct the cost of snacks, coffee or on-site lunches provided to workers, according to a provision in the "big, beautiful bill."
Taxes July 15, 2025
Maryland Democrats Want IRS to Expedite Tax Refunds Amid Trump Layoffs
Democrats from Maryland’s congressional delegation are calling on the Internal Revenue Service to speed up tax refunds for people facing financial challenges.
Taxes July 14, 2025
Nevada’s Titus, Trump Loyalists Align on Challenging Gambling Tax
Las Vegas Democratic Rep. Dina Titus is expanding the coalition opposing a last-second provision added to President Donald Trump's "big, beautiful bill" capping how much can be deducted from gambling winnings to 90% of losses.
Taxes July 11, 2025
Gambling Tax Repeal Bill Blocked in Senate
Nevada Democratic Sen. Catherine Cortez Masto sought to reverse the cut in losses deduction that was included in the One Big Beautiful Bill Act, but she ran into objections from some Republicans.
Taxes July 9, 2025
Ohio Lawmaker Introduces Bill to Save IRS Direct File From Termination
U.S. Rep. Emilia Sykes (D-OH) introduced legislation on July 9 called the “Get Your Money Back Act" to secure the future of the Direct File tax filing program and require that all states make it available to their residents.
Taxes July 7, 2025
Bill Introduced to Combat ‘Anti-Gambling’ Measure in Trump Tax Bill
A Nevada lawmaker has proposed a bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings, which was altered in the One Big Beautiful Bill Act signed into law last week.
Taxes July 4, 2025
President Signs Sweeping Tax and Spending Bill Into Law
President Donald Trump held an outdoor signing ceremony at the White House on Friday, formally enacting a major tax and spending bill that passed through the Senate and House earlier in the week.
Taxes July 4, 2025
Winners and Losers in Trump’s Tax Bill
Business investors and wealthy Americans are among the biggest winners in President Donald Trump’s tax bill. Those hit the hardest include elite universities, which face new levies, and immigrants.
Taxes July 4, 2025
What Killing Tax Credits Means for the Electric Vehicle Market
Sales are likely to dip below forecasts but not completely bottom out thanks to an array of new models and incentives from states and dealers.
Taxes July 3, 2025
AICPA CEO: Trump Tax Bill’s Passage ‘a Win for Millions of Businesses, Taxpayers, and Tax Practitioners’
While not perfect, the One Big Beautiful Bill Act contains many beneficial tax provisions that AICPA President and CEO Mark Koziel believes support the business community and will help grow the economy.
Taxes July 3, 2025
Congress Passes Trump Tax Bill; President to Hold Signing Ceremony on July 4
The House passed Republicans' sweeping tax-and-spending bill Thursday afternoon, a day earlier than the July 4 deadline President Donald Trump set to have it on his desk to sign.