National Assembly Backs Amendment I-3898 in 38-37 Vote to Tax Crypto Swaps at 31.4%
At a glanceReviewed October 21, 2026 Twenty-five deputies abstained, while 477 of the chamber’s 577 members were absent.…
IRS Waives Dyed Diesel Penalties Under Executive Order, but Taxes Remain
The IRS waived certain federal penalties for highway use of dyed diesel from October 1 through December 31,…
Inherited Annuity Gain of $150,000 Is Ordinary Income Under Section 1014
At a glanceReviewed October 21, 2026 Beneficiaries younger than 59½ do not owe the 10% early-withdrawal penalty on…
A $75,000 Roth Conversion Can Trigger About $1,100 in Underpayment Penalty Without Estimated Tax
A Roth conversion can create an underpayment charge if tax payments are delayed until the return is filed.…
Texas Won’t Tax Her Inheritance, but a Dallas Woman Still Owes Pennsylvania $13,500
A Texas address does not exempt a beneficiary from Pennsylvania inheritance tax when the deceased person lived in…
Why Two 65-Year-Old Couples Owe $4,600 vs $10,700 on $90,000 401(k) Withdrawals, Social Security, and Federal Income Tax
Two 65-year-old couples each withdraw $90,000 from a 401(k), but projected 2026 federal taxes differ because one also…
United Airlines CEO Backs Near-100% Inheritance Tax and National Wealth Tax
Scott Kirby urged the United States to adopt a national wealth tax and inheritance taxes approaching 100%, without…
IRS Free File Program Sees Just 3% Participation as Direct File Suspension Looms
IRS Free File reached about 3% of eligible taxpayers in fiscal 2025, despite broader growth in e-filing. Treasury…
Hungary Plans 9% Income Tax, Minimum Wage, 680,000 Forints in 2027 Budget
Hungary’s proposed 2027 budget would cut income tax on earnings up to the minimum wage from 15% to…
Prop. 3 Could Make California’s Top Marginal Income Tax Rates Permanent via Constitutional Amendment
Proposition 3 would make California’s 10.3% to 12.3% income tax rates on top earners permanent. Voters will decide…
IRS Mobile App Adds Individual Online Account and Identity Protection PIN Access
The IRS’s new mobile app replaces IRS2Go and gives individual taxpayers secure access to selected account services, including…
Malaysians to Gain from Budget 2027 Tax Relief and Lower Rates
Budget 2027 proposes raising Malaysia’s basic individual tax relief to RM12,000 and reducing rates in two income bands.…
Malaysia Airlines Parent May Consider Green Tax as Sustainable Fuel Costs Strain Airlines
Malaysia Aviation Group is weighing a passenger green tax to help cover sustainable aviation fuel costs, but the…
IRS Sends Automatic Adoption Credit Refunds to 50,000+ Families via Form 8839
The IRS is reviewing eligible 2025 tax accounts to increase the refundable share of adoption credits using certain…