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A pair of bills introduced in the Minnesota House—HF 3954 (overtime) and HF 3955 (tips)—would further erode the state’s tax climate by exempting certain overtime pay and tip income from Minnesota’s income tax. [...]
Illinois' proposed Millionaire's Tax would raise taxes on Illinois families and businesses in an economically damaging way, further harming the state’s competitiveness and reducing economic opportunity even for those Illinois residents who would not owe the tax directly. [...]
California lawmakers are considering mandating worldwide combined reporting, bringing back a policy the state abandoned in the 1980s due to strong pushback from international trading partners and the federal government. The policy failed to work as intended then and doesn’t make any better sense now. [...]
A new bill in Oklahoma, HB 3983, could become a template for taxing moist snuff tobacco (MST) by weight rather than ad valorem. [...]
To make the taxation of labor more efficient, policymakers should understand their country’s tax wedge and how their tax burden funds government services. [...]
Services like Zelle® are a quick, convenient, and accessible way to send and receive money without needing a trip to the […] The post Are Zelle® Payments Taxable?: Zelle® Taxes Explained appeared first on . [...]
Using PayPal® makes sending and receiving money easy, whether you’re splitting dinner, running a small business, or getting paid as […] The post PayPal Taxes: How PayPal IRS Reporting and 1099 Rules Work appeared first on . [...]
Updated March 2026. The Working Families Tax Cut Act (formerly called the One Big Beautiful Bill) introduced a new type […] The post What is a Trump Account? Understanding the New Savings Accounts for Kids and Families appeared first on . [...]
Updated for tax year 2025. It’s easy to put off your tax filing, especially when life gets busy. But if […] The post What Happens If You Don’t File Taxes? appeared first on . [...]
Sending money through Venmo® is quick and casual, but when tax season rolls around, things can get complicated. Whether you’re […] The post Venmo Taxes: What You Need to Know Before You File appeared first on . [...]