Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
On Memorial Day, we’re supposed to honor our fallen soldiers. But some military families aren’t feeling very appreciated this year: Congress still hasn’t fixed the Tax Cuts and Jobs Act (TCJA) tax hit impacting Gold Star families. Gold Star families are those with an immediate family member who died while serving in the military. The term…
U.S. Senate Finance Committee Chair Chuck Grassley (R-IA) and Senator Ron Wyden (D-OR) have introduced legislation aimed at improving experiences for taxpayers. The bill, referred to as the Taxpayer First Act of 2019, is intended to modernize the Internal Revenue Service (IRS) and strengthen taxpayer protections. Here’s a quick peek at some of the provisions in the bill:…
As voters head to the polls to cast ballots in local, state and federal elections, questions linger. It’s been an ugly political season. Allegations of voter fraud, voter tampering, and voter suppression have been in constant circulation and might make you think that our voting system is irretrievably broken. The truth is that voting in…
This week, House Republicans introduced legislation, referred to as Tax Reform 2.0, that would expand the Tax Cuts and Jobs Act (TCJA).
Think we’re finished with tax breaks in 2018? Not so fast. Hot on the heels of tax cuts from the Tax Jobs and Cuts Act (TJCA), Congress is already looking at another round of changes that they’re calling Tax Reform 2.0. But, like a late-night infomercial, there’s more: The Trump administration is considering a change to…
Think that we’re done with tax reform? The Tax Cuts and Jobs Act (TCJA) was passed in December of 2017, with many of the provisions taking effect in 2018. Now, Congress is pushing for more – what they’re calling “Tax Reform 2.0.” Details regarding what’s being touted as a “second round” of tax reform are…
Headed to the gym this summer? You may soon be able to claim a tax benefit for the trip. The House Ways and Means Committee has advanced a bill which would grant taxpayers a break on gym memberships and fitness classes.
Supreme Court justices typically don’t cut their teeth on tax cases and nominee Brett Kavanaugh is no exception. There is one tax-related case, though, in his career that stands out. Here’s more.
An investigation into a tax and fraud scheme involving the School District of Philadelphia previously resulted in guilty verdicts for Chaka “Chip” Fattah, Jr. and his father, former Congressman Chaka Fattah. Today, a jury added another guilty verdict to the mix.
This week, Rep. Nolan (D-MN) introduced a post-tax reform bill to equalize the charitable and business mileage rates. Here’s what you need to know.