September 23, 2026
Mail ballots go out October 5. Prop 3 removes the 2030 end date on California's 10.3% to 12.3% rates, which reach single filers above about $371,000 and couples above $743,000.
An independent candidate for Florida governor said he would seek voter approval for a new 9.9% Florida personal-income tax on taxable personal income above $1 million, with revenue dedicated to a restricted trust.
A new push to remove Social Security’s wage cap would extend the 6.2% payroll tax above $184,500 in 2026, raising costs for top earners while only partly narrowing the program’s funding gap.
Washington public-sector unions are spending heavily to preserve the state’s new 9.9% tax on household earnings above $1 million ahead of the November vote on Initiative 645.
The IRS said farmers and ranchers in drought-hit counties across 49 states and other regions may get extra time to replace draft, dairy, or breeding livestock and defer tax on gains from forced sales.
A press release from a New York tax law firm says its founder has represented more than 2,000 taxpayers over 26 years, underscoring how quickly IRS options can narrow once levy notices advance.
State income tax rules in 2026 still vary widely, from nine states with no tax on wages to California’s 13.3% top rate, with bracket thresholds and local taxes often mattering as much as the headline rate.
Six Nobel Prize-winning economists endorsed California’s Proposition 40, a ballot measure for a one-time 5% tax on billionaires, adding momentum to a closely watched state tax fight.
A little-known fee-shifting rule can let some taxpayers recover administrative and litigation costs from the IRS, but only if they meet strict tests on net worth, procedure and the government's position.
A draft Form 1040 released Sept. 18 would, for the first time, ask about a filer’s citizenship status, a procedural change that could matter for compliance, privacy concerns, and return preparation.
A September 18 report highlighted how Realty Income’s monthly REIT payouts are generally taxed as ordinary income in a taxable account, while qualified Roth IRA distributions can avoid federal tax entirely.
New IRS guidance explains how employers can claim the permanent Section 45S paid family and medical leave credit, including a new insurance-premium method that starts with 2026 tax years.
A first required minimum distribution of about $37,700 at age 73 can push a retiree with a $40,000 Social Security benefit into the 85% taxable-benefit zone under long-frozen federal thresholds.
A September 18 report highlighted a costly rental-property mistake: owners who skipped depreciation deductions may still face basis reduction and recapture tax when they sell.
A report on the Walton family’s use of charitable lead annuity trusts highlights how CLATs can shift future appreciation to heirs at a low gift-tax value, though higher rates make the math tougher in 2026.
The IRS’s proposed Trump Account regulations outline how employers may make up to $2,500 of qualifying contributions in 2026 and 2027, while adding plan, payroll, reporting, and nondiscrimination requirements.
Texas appellate judges sharply questioned a comptroller rule that could redirect local sales tax revenue from cities tied to online retailer fulfillment centers, raising stakes for municipalities and businesses operating in the state.
A House Ways and Means Committee vote moved forward legislation to repeal the 90% cap on gambling loss deductions, a change supporters say can create taxable income even for bettors who break even.
A Sept. 17 report highlighted how Realty Income’s monthly REIT dividend can be shielded from federal tax inside a qualified Roth IRA, while the same payments in a taxable account are generally taxed at ordinary income rates.
IRSA told investors it will hold a shareholder meeting on Oct. 22 to vote on up to ARS 211 billion of dividends, governance items, and the proposed absorption of two companies into its Argentine operating company.
A new IRS automatic penalty-relief program covers some filing and payment penalties, but it does not extend to key international information returns, leaving potentially steep exposure for cross-border filers.
The IRS has released Notice 2026-53 for the Section 45Z clean fuel credit, while DOE updated its 45ZCF-GREET model, changing emissions calculations, manure pathways, and foreign feedstock eligibility.
A proposed Treasury and IRS rule would make racial nondiscrimination an explicit condition of Section 501(c)(3) status for private schools, with potential effects on scholarships, admissions, financing and charitable giving.
A September 17 ruling said Ukraine’s tax authority cannot begin a documentary unscheduled desk audit before properly serving the taxpayer with the audit order and notice.