Ways and Means Advances Five Bipartisan Tax Bills, Including Disaster Relief
The House committee unanimously approved bills extending casualty-loss deductions through 2027, upgrading IRS service, and raising the stakes for whistleblower awards.
Accounting and advisory · cited in 4 of our stories.
The House committee unanimously approved bills extending casualty-loss deductions through 2027, upgrading IRS service, and raising the stakes for whistleblower awards.
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 District is weighing emergency legislation to reject expensing, tips, overtime and standard deduction changes from the July federal law for 2025, reopening numbers already baked into estimates.
In an August 2025 special session, Colorado signed bills that keep taxing income the federal One Big Beautiful Bill Act now shields, raising state bills for owners of pass-through businesses.
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