Current News

While the climate, health care and tax law includes an overhaul for the electric-vehicle tax credit, allies and industry representatives have expressed concern that the statute may ultimately benefit too few consumers. Read More.

The Congressional Budget Office (CBO) admitted that the IRS will increase audits on middle-class Americans after it received a funding boost from the so-called “Inflation Reduction Act.” Read More.

Idaho Gov. Brad Little late Thursday signed a massive tax cut and education spending bill made possible by the state’s projected $2 billion budget surplus. Read More.

Many states have been issuing tax rebates and stimulus payments to help combat ongoing inflation. While some have already been issued, other states are still sending checks out. Read More.

Labor Day weekend could be the perfect time to put in some work around the house. Starting Saturday, Sept. 3, people across Florida can save money on tools and other home repair and construction items as part of the state’s first “tool time” sales tax holiday. Read More.

As Congress raced to pass long-stalled health, climate and tax legislation this summer, Democrats advanced the country’s latest update to U.S. tax laws, giving the IRS $15 million to design a free “e-file” tax return system. Read More.

Student-loan forgiveness will be considered taxable income in North Carolina, the state's Department of Revenue said on Wednesday. Read More.

The Grassroots Corner - Week Beginning 9/05/22: “Meet David Webber, our new Maryland FAIRtax Leader” Read More.

A new U.S. tax credit aimed at encouraging Americans to buy electric vehicles may backfire and limit choices for consumers because of concerns it's weighed against European Union manufacturers, the EU trade chief said Thursday. Read More.

Imagine waking up today to a $20,000 bill out of nowhere. That’s what happened to hundreds of D.C. residents when they opened their August property tax bill. Read More.

Throughout history, employers have wanted to make as much profit as they can and employees have wanted to earn as much income as they can. It’s just natural that each side would have its particular point of view, but successful employers and successful employees know that they have to work together and compromise. Read More.

A Democrat running for re-election in one of the most heavily favored seats for Republicans to flip in this year's midterm elections told a reporter earlier this week that he was in favor of hiring 87,000 new Internal Revenue Service (IRS) agents as part of his party's massive social spending and taxation legislation, known as the Inflation Reduction Act. Read More.

Some people getting federal student loan relief in Massachusetts might have to pay state taxes on it, according to a recent report. Read More.

On May 7, 2022, Texans voted overwhelmingly in favor of Propositions 1 and 2 to lower their property taxes. These plans will put more of the public school cost burden on the government by increasing the amount homeowners can deduct from the appraised value of their houses, known as the homestead exemption. Read More.

The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic. Read More.