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One Big Beautiful Bill Act (Senate Proposal June 16, 2025)2025 Post-Filing Season Update2024 Post-Election Tax Policy Update
2026 Inflation Adjustments for Health Savings Accounts Released (Rev. Proc. 2025-19)
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
The IRS has released the 2026 inflation-adjusted amounts for health savings accounts under Code Sec. 223. For calendar year 2026, the annual limitation on deductions under Code Sec. 223(b)(2) for a...
IRS Reminds Taxpayers and Small Businesses to Stay Vigilant Against Scams Year-Round (IR-2025-57)
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li...
The IRS has marked National Small Business Week by reminding taxpayers and businesses to remain alert to scams that continue long after the April 15 tax deadline. Through its annual Dirty Dozen li...
Marginal Production Percentage Depletion Rates Announced (Notice 2025-20)
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi...
The IRS has announced the applicable percentage under Code Sec. 613A to be used in determining percentage depletion for marginal properties for the 2025 calendar year. Code Sec. 613A(c)(6)(C) defi...
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
AZ - Local tax rate table released
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective July 1, 2025. It includes rate changes for Douglas, Flagstaff, Phoenix, and Scottsdale. Transaction P...
Arizona's Department of Revenue released the transaction privilege tax (TPT) rate chart effective July 1, 2025. It includes rate changes for Douglas, Flagstaff, Phoenix, and Scottsdale. Transaction P...
CA - Updated guidance provided on use tax
Updated guidance is provided regarding California use tax. Topics discussed include the application of use tax and the exemption for items purchased in a foreign country. CDTFA Publication 110, Use T...
Updated guidance is provided regarding California use tax. Topics discussed include the application of use tax and the exemption for items purchased in a foreign country. CDTFA Publication 110, Use T...
CO - Federal court interference in state tax collection barred due to adequate remedies
The U.S. Court of Appeals for the Tenth Circuit affirmed the dismissal of a taxpayer's tax refund claim against the Colorado Department of Revenue on the grounds that it was barred by the Tax Injuncti...
The U.S. Court of Appeals for the Tenth Circuit affirmed the dismissal of a taxpayer's tax refund claim against the Colorado Department of Revenue on the grounds that it was barred by the Tax Injuncti...
FL - Exemption for certain coin or currency revised
The Florida sales and use tax exemption for certain coin or currency is revised. A coin or currency that is legal tender of the United States, or any gold or silver coin recognized as legal tender in ...
The Florida sales and use tax exemption for certain coin or currency is revised. A coin or currency that is legal tender of the United States, or any gold or silver coin recognized as legal tender in ...
GA - Illegally collected taxes ordered to be refunded
The Court of Appeals of Georgia reversed and remanded a case involving property tax, holding that the taxpayer was subject to illegally collected ad valorem taxes by Clayton County and the City of Col...
The Court of Appeals of Georgia reversed and remanded a case involving property tax, holding that the taxpayer was subject to illegally collected ad valorem taxes by Clayton County and the City of Col...
HI - Tax lien procedures revised
Beginning January 1, 2027, the Hawaii Department of Taxation must:include the assessment date on tax lien certificates; andissue certificates of discharge when the tax liability on which a lien is bas...
Beginning January 1, 2027, the Hawaii Department of Taxation must:include the assessment date on tax lien certificates; andissue certificates of discharge when the tax liability on which a lien is bas...
ID: Reminder issued on exemption for small sellers
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
daho residents are reminded about previously enacted legislation that provides a sales and use tax exemption for certain small sellers with annual sales of $5,000 or less. The exemption is effective J...
IL - Prepaid motor fuel sales tax rates beginning July 1
The Illinois prepaid sales tax rates for motor fuel during the period of July 1 through December 31, 2025, are:13¢ per gallon for mid-range ethanol blends;15¢ per gallon for gasohol (E15 only); and1...
The Illinois prepaid sales tax rates for motor fuel during the period of July 1 through December 31, 2025, are:13¢ per gallon for mid-range ethanol blends;15¢ per gallon for gasohol (E15 only); and1...
IA - Local option sales tax jurisdiction changes announced
The Iowa local option sales tax (LOST) has a number of changes effective July 1, 2025. The sunset date has been removed for the following: Cedar County—West Branch; Johnson County—Hills, Lone Tree...
The Iowa local option sales tax (LOST) has a number of changes effective July 1, 2025. The sunset date has been removed for the following: Cedar County—West Branch; Johnson County—Hills, Lone Tree...
MD - Bulletin issued explaining tax expansion to data/information services
The Comptroller of Maryland has issued a technical bulletin explaining the imposition of Maryland sales and use tax on data or information technology services and software publishing services. Tax is ...
The Comptroller of Maryland has issued a technical bulletin explaining the imposition of Maryland sales and use tax on data or information technology services and software publishing services. Tax is ...
MA - Sales tax holiday dates announced for 2025
Massachusetts has designated August 9 and 10, 2025, as the annual sales tax holiday. The sales tax holiday applies to non-business retail sales of property with a price up to $2,500 per item. Some exc...
Massachusetts has designated August 9 and 10, 2025, as the annual sales tax holiday. The sales tax holiday applies to non-business retail sales of property with a price up to $2,500 per item. Some exc...
NV - Transportation tax recommendation deadlines extended
Nevada has extended the deadline for a regional transportation commission to prepare and submit recommendations for a proposed retail sales tax to fund transportation projects. The previous deadline o...
Nevada has extended the deadline for a regional transportation commission to prepare and submit recommendations for a proposed retail sales tax to fund transportation projects. The previous deadline o...
NM - High-wage jobs tax credit threshold job definition modified
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
New Mexico has enacted legislation making a minor adjustment to the high-wage jobs tax credit by changing the definition of a “threshold job.” Threshold jobs are used in the tax credit to track a ...
NY - Amortized premiums on out-of-state bonds treated as itemized deductions
A New York appellate court upheld a Tax Appeals Tribunal decision finding that taxpayers could not subtract amortized premiums on their out-of-state bonds directly from their interest income, but inst...
A New York appellate court upheld a Tax Appeals Tribunal decision finding that taxpayers could not subtract amortized premiums on their out-of-state bonds directly from their interest income, but inst...
NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...
ND - Coal severance and coal conversion facilities taxes revised
The existing North Dakota coal conversion facilities tax exemption is modified to be a partial exemption from the coal conversion state share of the tax, equal to:90% for taxable production after June...
The existing North Dakota coal conversion facilities tax exemption is modified to be a partial exemption from the coal conversion state share of the tax, equal to:90% for taxable production after June...
OH - 2025 third quarter PAT average wholesale prices released
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2025.The average prices per gallon for the third quarter are:$1.998 for unleaded gasoline...
Ohio has released the petroleum activity tax (PAT) statewide average wholesale prices for the third quarter of 2025.The average prices per gallon for the third quarter are:$1.998 for unleaded gasoline...
OR - Oregon health funding measures extended through 2032
Oregon has extended the sunset dates for certain medical provider assessments, from 2026 to December 31, 2032.Specifically, the sunset date of:health insurance plan premiums or premium equivalents is ...
Oregon has extended the sunset dates for certain medical provider assessments, from 2026 to December 31, 2032.Specifically, the sunset date of:health insurance plan premiums or premium equivalents is ...
PA - Taxable and exempt property list updated
Pennsylvania has updated a sales and use notice that lists personal property and services as taxable or nontaxable. The list notes new items, changes and clarifications, along with property subject to...
Pennsylvania has updated a sales and use notice that lists personal property and services as taxable or nontaxable. The list notes new items, changes and clarifications, along with property subject to...
TN - Interest rate announced
The interest rate on all taxes collected or administered by the Tennessee Department of Revenue is 11.50% (formerly, 12.50%) effective July 1, 2025, through June 30, 2026. The interest rate on all tax...
The interest rate on all taxes collected or administered by the Tennessee Department of Revenue is 11.50% (formerly, 12.50%) effective July 1, 2025, through June 30, 2026. The interest rate on all tax...
TX - Solid materials processing activities
The Texas Comptroller has changed the effective date of its policy memorandum stating the Comptroller’s changes in tax policy regarding the application of the manufacturing exemption from sales and ...
The Texas Comptroller has changed the effective date of its policy memorandum stating the Comptroller’s changes in tax policy regarding the application of the manufacturing exemption from sales and ...
UT - Rich, salt lake and summit Counties impose County-wide local taxes
Effective July 1, 2025, the following counties impose the indicated county-wide taxes:Rich County imposes a 0.3% county option sales and use tax to fund a fixed guideway, public transit or highways;Sa...
Effective July 1, 2025, the following counties impose the indicated county-wide taxes:Rich County imposes a 0.3% county option sales and use tax to fund a fixed guideway, public transit or highways;Sa...
VA - New employer withholding tax tables issued
The Virginia Department of Taxation has released new employer withholding tax tables effective July 1, 2025.What changed?Previously enacted legislation increased the individual income tax standard ded...
The Virginia Department of Taxation has released new employer withholding tax tables effective July 1, 2025.What changed?Previously enacted legislation increased the individual income tax standard ded...
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