February 24, 2026 at 12:00 AM PST
Stripe's latest employee share sale values the payments company at $159 billion, and the tax treatment of the proceeds depends on how each employee's shares were granted.
A memorandum decision in Otay Project LP v. Commissioner shows how the IRS unwinds a partnership basis step-up it views as engineered mainly for tax deferral.
Comment letters filed by February 20 ask Treasury to open Trump Accounts to competing IRA providers, fix a rollover glitch and confirm fees, shaping where a child's account will actually live.
The February 20 guidance defines which manufacturing, agricultural and refining buildings qualify for an immediate write-off, sets tight construction and placed-in-service windows, and flags a 10-year recapture trap.
IRS statistics for the week ending February 13, 2026 show fewer people have filed, but the average refund has climbed to $2,476, the first hard evidence that OBBBA's retroactive tax cuts are reaching bank accounts.
The February 20 ruling found the emergency-powers law never authorized import tariffs, voiding two rounds of duties and setting off refund claims that Penn Wharton estimates could reach $175 billion.
California's combined top marginal rate reaches 14.4% and NYC residents face up to 14.776%, even as Georgia, Indiana, Kentucky and six other states cut income tax rates on January 1.
A bipartisan 38-11 vote sends a bill undoing last year's rate increase toward the House, with the lower rate applying only to deaths on or after July 1, 2026.
The Congressional Budget Office's new baseline shows deficits $1.4 trillion higher than previously projected through 2035, a gap large enough that it raises real odds of higher taxes on high earners down the road.
Anthropic told employees it would let them cash out stock at a $350 billion valuation, and for many the decision to sell now or wait for an IPO turns on capital gains timing, QSBS and California's tax code.
Elon Musk combined SpaceX and xAI in the largest all-stock merger on record, and for employees holding xAI shares and options, the tax bill turns almost entirely on one word: stock.