October 30, 2025 at 9:45 AM PDT
Navan priced its IPO at $25 a share and fell 20% on its first day of trading. For employees with RSUs, a drop after a taxable settlement raises withholding, loss and wash sale questions.
The Tax Foundation's 2026 State Tax Competitiveness Index shows which states keep the most of a high earner's income, and which state governments took the biggest bites in 2025.
Florida's governor and House leaders are split over how to cut homestead property taxes. One House plan would phase out non-school levies on homes by 2037, a shift worth far more to high-value homeowners.
High earners will pay Social Security tax on $8,400 more of wages next year, costing up to $521 each for employee and employer. Retirees get a 2.8% raise that can nudge more benefits into taxable income.
Payment apps and online marketplaces need not issue a 1099-K unless a payee tops both $20,000 and 200 transactions. Fewer forms change what the IRS sees, not what counts as taxable income.
New IRS FAQs explain how the July tax law cuts off unpaid Employee Retention Credit claims for late 2021 filed after Jan. 31, 2024, while a longer assessment period keeps paid claims open to review.
The IRS says the government shutdown does not move the Oct. 15 deadline for 2024 returns. For extended filers, penalties, SEP contributions and payment plans all hinge on filing on time.
The IRS's 2026 inflation adjustments raise the joint standard deduction to $32,200, hold the gift exclusion at $19,000 and set the thresholds that matter most for bracket, gifting and trust planning.
A newly created position puts one person atop both the IRS and Social Security Administration heading into the 2026 filing season, alongside a leadership change over IRS enforcement.
Current and former staff sold stock at a $500 billion valuation with per-person payouts as high as $30 million, and how much they keep depends on what kind of equity they held.