Here’s a quick update on the latest U.S. taxation news you asked for.
- Developments in federal tax policy are active, with ongoing discussion around corporate minimum taxes, child tax credit extensions, and SALT-related relief, and potential changes to audit focus for high-income taxpayers.[1][2][3]
-Recent state-level activity includes new or amended tax rules in several states (e.g., multimarket conformity changes, targeted tax measures, and new brackets in some jurisdictions) as reported by major tax news sources.[4]
- Major financial news outlets have highlighted new tax proposals and packages, including proposals affecting top earners and corporate taxation as part of broader budget and reconciliation efforts.[5]
If you’d like, I can narrow this to:
- What’s most relevant for individuals (e.g., credits, deductions, filing deadlines).
- What’s moving in Congress right now (timeline and key proposed changes).
- Specific state or local tax developments in Illinois/Chicago.
Would you like a focused briefing on any of these areas?
Sources
Follow the latest Taxes news stories and headlines. Get breaking news alerts when you download the ABC News App and subscribe to Taxes notifications.
abcnews.go.com: Page 18
www.cbsnews.comAmericans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file. President Biden was pitching his tax plan in his hometown of Scranton, Pennsylvania, on Tuesday. The president argued everyone needs to pay their fair share. CBS News chief White House correspondent Nancy Cordes has the details. … Tax season is officially underway. The Internal Revenue Service...
www.cbsnews.comThe latest tax developments pertaining to the United States and U.S. industry sectors, and as being reported by KPMG firms from around the globe
kpmg.comNonpartisan Analysis: "Expiring Provisions in the Tax Cuts and Jobs Act" - Congressional Research Service Note: latest news about budget reconciliation is being posted on our Reconciliation Tracker page. Thurs, Sept 25, 2025: A tax break for corporate research and development investments is hitting a roadblock due to a minimum tax set by Congress three
govbudget.comFind Us Income Tax Latest News, Videos & Pictures on Us Income Tax and see latest updates, news, information from NDTV.COM. Explore more on Us Income Tax.
www.ndtv.comUpdates on current federal tax issues aimed at CPAs provided by Kaplan Financial Education.
www.currentfederaltaxdevelopments.comKPMG TaxNewsFlash reports of tax developments in the United States
kpmg.com