New State and Local Tax Deduction Plan Takes Shape
Despite resistance from critics across the political spectrum, a handful of blue-state lawmakers are continuing to push for an increase in the state...
Rick Scott’s Tax Plan Falls Flat
We told you yesterday about the “Rescue America” plan released by Sen. Rick Scott that laid out his blueprint for what the GOP should do if it takes...
Rick Scott Unveils an 11-Point Agenda That Includes Tax Hikes for Millions
Senate Republican leaders have made it clear that they aren’t interested in detailing their plans if they win control of Congress in the midterms...
White House Eyes Gas Tax Holiday
Officials in the Biden administration are debating the merits of suspending the federal fuel tax, The Washington Post’s Tony Romm and Jeff Stein...
The IRS Has a Backlog of Nearly 24 Million Tax Forms
The nation’s revenue service is facing a backlog of nearly 24 million tax returns filed last year, according to a report in The Washington Post. The...
Democrats Propose Gas Tax Holiday
Against a background of surging gasoline prices at the beginning of an election year, a group of Democratic lawmakers are calling for a suspension of...
With the IRS Overwhelmed, Congress Looks for a Fix
The Internal Revenue Service has warned repeatedly that this year’s tax season, which kicked off on Monday, will be particularly challenging and...
Blue State Dems Sticking to Their Demands on SALT Deduction
Adding to the pile of problems weighing on President Biden’s Build Back Better agenda, a key Democratic lawmaker reminded the White House Wednesday...
The IRS Is in Crisis, Watchdog Report Warns
Last year was the most challenging ever for taxpayers and tax professionals, the National Taxpayer Advocate says in an annual report to Congress...
This Year’s Tax Filing Season Will Be Frustrating, Officials Warn
This year’s tax filing season will be a frustrating one for taxpayers, officials warned Monday. The IRS will begin accepting 2021 returns on January...