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Tax Legislation

Tax Legislation

Colorado's Amendment 87 Would Put an 8.4% Rate on Income Above $1 Million

Oct 29, 2026

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2 min read

Colorado's Amendment 87 Would Put an 8.4% Rate on Income Above $1 Million

The ballot measure would replace the state's 4.4% flat tax with six brackets, cut bills below roughly $511,000, and raise nearly $2 billion in its first full fiscal year.

Emily Asher
Emily Asher

Tax Legislation

The New $1,700 School Tax Credit Starts With a State Decision

Oct 20, 2026

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2 min read

The New $1,700 School Tax Credit Starts With a State Decision

Taxpayers may get a federal credit for scholarship donations in 2027, but only where states choose to participate.

Emily Asher
Emily Asher

Tax Legislation

Disaster Tax Law Opens a New Review of 2025 Returns

Oct 16, 2026

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2 min read

Disaster Tax Law Opens a New Review of 2025 Returns

Expanded casualty-loss relief and a new wildfire-payment exclusion use different dates. Treating them as one rule can cost clients money.

Hannah Olsen
Hannah Olsen

Tax Legislation

Taxpayer Service Bill Reaches the House After Unanimous Senate Passage

Oct 15, 2026

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1 min read

Taxpayer Service Bill Reaches the House After Unanimous Senate Passage

Tax professionals want action before year-end. The proposed IRS service upgrades and preparer rules are not law yet.

Hannah Olsen
Hannah Olsen

Tax Legislation

New Global Standards for Measuring Nature-Related Financial Risks

Oct 13, 2026

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2 min read

New Global Standards for Measuring Nature-Related Financial Risks

The Nature Positive Initiative introduces a new set of metrics to measure nature-related risks and impacts in financial reporting.

Hannah Olsen
Hannah Olsen

Tax Legislation

+1

The $1,700 School Choice Credit Just Got Rules

Oct 7, 2026

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3 min read

The $1,700 School Choice Credit Just Got Rules

Treasury's first federal school-choice credit is now a tax workflow. Firms have until the 2027 launch to turn the rules into client guidance.

Emily Asher
Emily Asher

Tax Legislation

+1

65 IRS Fixes Just Passed The Senate

Oct 2, 2026

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3 min read

65 IRS Fixes Just Passed The Senate

The TAS Act is not law yet. But if the House moves, this is the IRS reform package firms will have to explain to clients.

Larry Olson
Larry Olson

Tax Legislation

Trump's $5,000 Payout Became A Tax Refund Question

Sep 10, 2026

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2 min read

Trump's $5,000 Payout Became A Tax Refund Question

The campaign promise sounds simple until someone has to turn it into a tax form.

Larry Olson
Larry Olson

Tax Legislation

The IRS Just Made The Paid Leave Credit A Permanent Planning Item

Aug 5, 2026

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1 min read

The IRS Just Made The Paid Leave Credit A Permanent Planning Item

A credit many employers treated as temporary now belongs in the regular tax planning calendar.

Emily Asher
Emily Asher

Tax Legislation

51.7M Kids Are In The New School Tax Fight

Jul 29, 2026

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1 min read

51.7M Kids Are In The New School Tax Fight

A new federal scholarship credit could touch tens of millions of families, but the real tax answer depends on what each state does next.

Emily Asher
Emily Asher

Tax Legislation

The IRS Cleanup Bill Finally Has Teeth

Jul 28, 2026

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2 min read

The IRS Cleanup Bill Finally Has Teeth

A bipartisan Senate package would reshape refunds, preparer rules, taxpayer rights, and how CPAs work with the IRS.

Larry Olson
Larry Olson

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