The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off.

Tax Rate: Like the House bill, the Senate proposal would make numerous changes to Code Section 4968, the “endowment tax” enacted in 2017. Instead of the existing flat 1.4% excise tax rate, there would ...

Beginning with taxable years that start after December 31, 2025, changes to section 4960 of the Internal Revenue Code (IRC) will take effect that may substantially affect tax-exempt organizations, ...

Tucked away in the tax legislation making its way through Congress is an obscure provision that could lead to profound changes in civil society—and not for the better. The House Republicans’ bill ...

When it comes to tax season, it’s always an annual reminder that where you live does determine how much of your paycheck actually stays in your pocket. While federal taxes apply equally across state ...