Taxes August 30, 2025
SPECIAL SERIES: Spotlight on 2025 ‘Big Beautiful Bill’ Tax Law Changes
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Special Section: Guide to 2025 Tax Changes August 1, 2025
Trump Tax Law Builds a New Foundation for Taxation
Along with the extensions, the OBBBA makes some other technical tweaks that may benefit some individuals in the lower tax backets. All brackets will continue to be adjusted annually for inflation.
Taxes August 1, 2025
IRS Commissioner Targets IRS Direct File for Cancellation
An IRS spokesperson confirmed the agency is awaiting the task force’s findings, which must be delivered to Congress within 90 days.
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 30, 2025
Florida Woman Sentenced for Conspiring with Family to Hide $90M from the IRS
According to court documents: between 2010 and 2022, Gilda Rosenberg, of Golden Beach, conspired with two family members to conceal from the IRS more than $90 million in assets and income.
Taxes July 30, 2025
One Big Beautiful Bill Act Changes 1099 Thresholds
The One Big Beautiful Bill Act raises the 1099-MISC and 1099-NEC reporting thresholds to $2,000.
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.
Taxes July 29, 2025
Corporate Head Tax on Table to Fix Chicago Budget, Mayor Says
Mayor Brandon Johnson on Tuesday pointed to a handful of tax-the-rich options he might consider to balance Chicago’s next budget, among them a corporate head tax.
Taxes July 29, 2025
AICPA Signals Support for Legislation Allowing Domestic Abuse Survivors to File Taxes as Single
The Survivor Assistance for Fear-free and Easy Tax Filing Act of 2025 (SAFE Act) allows survivors of domestic abuse or spousal abandonment to file their taxes as if they were not married.
Taxes July 29, 2025
IRS Reminds Tax Pros of Requirement for a Written Information Security Plan (WISP)
As part of a special five-part series, the IRS and its Security Summit partners highlight the importance of tax pros creating and maintaining a WISP.
Taxes July 28, 2025
IRS Issues Interim Guidance to Streamline LB&I Audit Process
A new IRS memorandum highlights changes aimed at reducing examination times for large corporations while making the audit process more customer-driven, consistent, and efficient.
Sales Tax July 28, 2025
Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report
In the first half of 2025, states made 408 sales tax rate changes and new rates – a 24% increase compared to the first half of 2024.