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Tax Foundation Experts Analyze AI Taxation Impact on Labor Markets

The Tax Foundation released a podcast episode discussing the potential impacts of taxing artificial intelligence on labor markets. Experts analyze current data, critique proposed policies, and suggest alternative reforms like worker retraining deductions.

IRS Tax Withholding Estimator Updated for Tax Law Changes

The IRS has updated its Tax Withholding Estimator to reflect changes from the 'One, Big, Beautiful Bill,' including new provisions on tips, overtime, and deductions. Taxpayers can use the updated tool to adjust their federal income tax withholding.

Illinois Tax Filings Affected by USPS Postmark Changes

The Illinois Department of Revenue (IDOR) issued a notice regarding changes to United States Postal Service (USPS) postmarks that could impact the timely filing of Illinois tax returns and payments in 2026. Taxpayers are advised to file and pay electronically or mail returns earlier to avoid late penalties.

Motor Fuel Use Tax Rate Change

The Illinois Department of Revenue has announced changes to the Motor Fuel Use Tax rates, effective January 1, 2026, through June 30, 2026. These updated rates apply to all International Fuel Tax Agreement (IFTA) licensees operating in Illinois.

Illinois Income Tax Changes and Scam Alert

The Illinois Department of Revenue (IDOR) issued a bulletin (FY 2026-15) detailing changes to 2025 Illinois Income Tax forms and schedules for individuals and businesses, and 2026 withholding tax forms. The bulletin also includes a scam alert regarding fraudulent communications impersonating IDOR.

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS Internal Revenue Bulletin 2026-10

The IRS published Internal Revenue Bulletin 2026-10 on March 2, 2026. This issue contains an announcement that no articles were submitted for publication in this bulletin, making it an administrative notice regarding the bulletin's content.

IRS Bulletin 2026-11: Tax Updates and Guidance

The IRS has issued Bulletin 2026-11, containing several notices and announcements on tax matters. Key updates include interim guidance on the corporate alternative minimum tax (CAMT), rules for determining material assistance from prohibited foreign entities, and anticipated applicability dates for final regulations on required minimum distributions.

Texas Distributes $1.5B Local Sales Tax Revenue

The Texas Comptroller of Public Accounts announced the distribution of $1.5 billion in local sales tax revenue for February 2026. This represents a 2.5% increase compared to February 2025, reflecting economic activity from previous months.

Texas State Sales Tax Revenue Report - January 2026

The Texas Comptroller of Public Accounts announced that state sales tax revenue for January 2026 totaled $4.6 billion, an increase of 7.1% compared to January 2025. Growth was particularly strong in sectors driven by business spending, including mining and construction.