Taxes
Why Expanding the Child Tax Credit Makes Economic Sense
The two halves of this deal provide the biggest bang for the buck—in terms of reducing poverty and growing the U.S. economy.
Intuit Sues H&R Block for Using ‘Misleading’ Marketing to ‘Tarnish’ the TurboTax Brand
The lawsuit comes as both tax-prep companies are betting big on AI while also facing new competition from the IRS.
What Does a Supreme Court Case About Fishing Have to Do with the IRS?
The U.S. Supreme Court to hear oral arguments in a case about Chevron deference that has implications far beyond the fishing industry.
Bipartisan Tax Deal Would Expand Credits for Businesses, Children, and Low-Income Housing
Other changes to the credit would include making more of the credit available as a refund and indexing the total credit to inflation starting in 2024.
Hyundai Offers $7,500 Cash Bonus for EVs to Match U.S. Tax Credits
The discounts apply to the Ioniq 5, Ioniq 6, and Kona Electric, and the month-long incentive will last through Jan. 31.
IRS Pauses Reporting Requirement on Some Digital Assets Pending New Regulations
Treasury and the IRS intend to issue proposed regulations to provide additional information and procedures for reporting the receipt of digital assets.
Supreme Court Won’t Take Up Washington Capital Gains Tax Challenge
Opponents had argued it was a tax on income, and thus barred by Washington's state constitution.
IRS Provides Initial Guidance on Employee PLESAs
IRS Notice 2024-22 provides employers insight on the anti-abuse rules regarding pension-linked emergency savings accounts.