Current News

The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. Read More.

There is a great deal of uncertainty about what Washington’s new CO2 tax will cost, but there is an early indication the cost will be, while still expensive, less than feared. Read More.

If your side hustle yields more than $600 on Venmo this year, the Internal Revenue Service will soon know your identity and expect you to report any taxable income. Read More.

The Grassroots Corner - Week Beginning 12/19/22: “Meet our newest cosponsor” Read More.

When I present the FAIRtax plan to different groups, a question that inevitably arises is the potential effect that the FAIRtax would have on demand for new products. Since the FAIRtax applies only to the purchase of new goods, there is fear that the FAIRtax will decimate the market for new goods as people flock to buying used goods in order to avoid the tax. Read More.

If you've ever inherited anything in Pennsylvania, you know that the state government tries to take a piece of its value through an inheritance tax. Read More.

If you're eager to file your 2022 tax return in January or early February, the IRS has a warning: You'll need to wait for "key documents" before filing in 2023. Read More.

Tax breaks for conserving privately owned land could face much stricter scrutiny under new regulations proposed by the IRS. Read More.

Family budgets could be even more stretched in 2023 as we battle high, inflation fueled prices; rising interest rates; growing fears of a recession and job cuts, and watch some COVID-related stimulus breaks disappear on 2022 federal income tax returns. Read More.

With a new year comes new laws going into effect in Kentucky, including a new sales tax on power bills. But it doesn't apply to all Kentuckians. Read More.

Millions of U.S. taxpayers could face a tax refund shock when they file their 2022 returns because of the expiration of many pandemic benefits that lawmakers had designed to help Americans weather the crisis. Read More.

The Grassroots Corner - Week Beginning 12/12/22: “Orange Park Florida” Read More.

It could have been worse. Still, half a million dollars more for the Duluth Transit Authority and an approximately 8% increase in the city tax levy will be a lot to bear in 2023 for already overburdened Duluthians. And that’s precisely what the Duluth City Council is poised to pass. Read More.

The European Commission plans to make crypto companies report user holdings to tax authorities, it said Thursday. But the European Union (EU) body says it’s still working on how to enforce the measures on wallet providers or exchanges based outside the bloc. Read More.

Democrats want to expand a tax credit that aids low-income families. Republicans hope to preserve a set of tax breaks that benefits businesses. And both parties hope to prevent a federal government shutdown. Read More.