(203) 301-9933 
Fax: (203) 301-9944
Current Tax News
- Error
- Tax Foundation
- Tax Act
RSS Error: Retrieved unsupported status code "404"
A well-designed tax trigger can be a highly valuable tool for lawmakers seeking both tax reform and revenue stability. States should embrace established baselines adjusted for inflation, use collections instead of projections as benchmarks, and prioritize contributions to their rainy day funds. [...]
During a recent special session called by Gov. Sarah Huckabee Sanders (R), Arkansas policymakers cut the state’s top individual and corporate income tax rates, continuing Arkansas’s years-long tax reform streak and making the Razorback State one of five states to cut income taxes so far in 2026. [...]
Carryover provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time. [...]
In response to surging gas prices, President Trump and several lawmakers have proposed suspending the federal gas tax via a gas tax holiday. Gas tax holidays have appeal across the political aisle, but suspending the federal gas tax is a uniquely ill-suited policy for addressing rising prices. [...]
Academic research has continually found that making alternative nicotine products to cigarettes more expensive results in fewer smokers switching to less harmful products. [...]
Updated for 2025. Are you in the market for a new car, truck, or SUV? If so, do you have […] The post Top 10 Ways to Save Money on Your Next Car Purchase appeared first on . [...]
If you owe taxes after filing your individual income tax return, the IRS offers several payment options to help you […] The post 7 Ways to Pay Your Income Tax Bill appeared first on . [...]
State and federal income taxes share many similarities, but they serve different purposes and are administered by different levels of […] The post State Income Tax vs. Federal Income Tax: What’s the Difference? appeared first on . [...]
Updated for tax year 2025. If you find that you owe a significant amount of money to the government when […] The post IRS Payment Plans: The Basics appeared first on . [...]
Learn how to fix a mistake after you filed your return. The post I Made a Mistake on My Return. What Do I Do? appeared first on . [...]