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Latest Tax News
Trump Accounts for Kids: What Parents Need to Know About the Tax Rules
The One Big Beautiful Bill Act created a new tax-deferred savings account for children called Trump Accounts. Here's what parents need to know about the tax rules, contribution limits, and how to get started.
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Millions May Be Owed COVID Penalty Refunds — But You Must Act by July 10, 2026
If the IRS charged you penalties or interest during the COVID-19 pandemic, you may be entitled to a refund — but you have until July 10, 2026 to claim it. After that date, the window closes permanently.
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California's Billionaire Tax Act: What You Need to Know About the 2026 Wealth Tax Ballot Measure
California voters will decide in November 2026 whether to impose a one-time 5% tax on the total wealth of the state's billionaires, a measure that has divided labor unions, tech executives, and even the Democratic Party.
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