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One Big Beautiful Bill Act (Signed Into Law July 4, 2025)2025 Post-Filing Season Update 2024 Post-Election Tax Policy Update 2019 Year-End Tax Planning

IRS Warns Tax Professionals of Rising Phishing Threats, Urges Vigilance (IR-2025-75)
The IRS has issued a warning to tax professionals regarding a rise in phishing emails and cyber threats aimed at stealing sensitive taxpayer data. This alert has been released as part of the second in...

IRS, Security Summit Starts Summer Series To Fight Tax-Related Identity Theft Threats (IR-2025-73)
The IRS and Security Summit partners launched the summer Protect Your Clients; Protect Yourself campaign on July 1, alongside the Nationwide Tax Forum. The five-week campaign provides biweekly ti...

IRS Issues Tips to Help Individuals Identify Scams
The IRS has issued updated guidance to help individuals recognize legitimate communication from the agency and avoid falling victim to scams. As reports of fraud through emails, texts, social media an...

IRS Provides Indexing Adjustments for Applicable Dollar Amounts (Rev. Proc. 2025-26)
The IRS has issued indexing adjustments for the applicable dollar amounts under Code Sec. 4980H(c)(1) and (b)(1), which are used to determine the employer shared responsibility payments (ESRP). Thi...

CA - Extensions available for employers in multiple counties affected by recent storms
Employers in Trinity County directly affected by the late-March 2025 storms and employers in Humboldt, Mendocino, Modoc, Napa, Shasta, Sonoma, and Trinity Counties directly affected by the February 20...

CO - Electric bicycle credit guidance updated
The Colorado Department of Revenue updated its electric bicycle credit guidance to add additional information relating to registration, new qualified electric bicycles, report due dates, reporting ret...

CT - Changes in economic development-related statutes enacted
Legislation is enacted that makes changes in economic development-related statutes:effective July 1, 2025, and applicable to income and taxable years commencing on or after January 1, 2025, allows a s...

DE - Budget proposes rate cuts, new brackets, tobacco tax increase
Delaware Gov. Matt Meyer released his budget for fiscal year 2026 that includes proposals to cut personal income taxes and create 3 new tax brackets. The budget also includes a proposal to increase th...

DC - Mayor unveils economic growth agenda
The District of Columbia Mayor has presented an economic growth agenda for 2026 that proposes:no sales tax increase in FY26;reducing the Universal Paid Leave tax from 0.75% to 0.72%; andcreate a sales...

FL - Guidance provided on repeal of tax on commercial rentals
Legislation enacted this year and made effective October 1, 2025, repeals the Florida sales tax imposed on rent or license fees for the use of real property (commercial rentals).Sales Tax on Commercia...

GA - Regulation on state hotel-motel fee updated
Georgia amended the regulation regarding the state hotel-motel fee including several substantive changes. One of the most notable updates is the broadened definition of "Accommodation," which now ex...

HI - Electronic filing mandate announced for employers filing 10 or more forms W-2 and HW-2
Starting January 1, 2026, employers filing 10 or more Forms W-2 and/or HW-2 with the state in a calendar year must electronically file those forms, regardless of their annual Hawaii withholding tax li...

MA - Assessment reduced for three fiscal years following incorrect valuation determined
The Massachusetts Appellate Tax Board ruled on property tax appeals filed by the appellant, finding overvaluation for fiscal years 2018, 2019, and 2020 but upholding the assessed value for fiscal year...

MN - Lake vermilion area imposes new lodging tax
Starting October 1, 2025, the Lake Vermilion Area is imposing a new 3% lodging tax. The Minnesota Department of Revenue will administer the tax. Notice, Minnesota Department of Revenue, July 18, 2025...

MT - Property tax relief legislation signed
Montana Gov. Greg Gianforte signed property tax relief legislation created by H.B. 231 and S.B. 542. A tiered tax rate is created for residential and commercial class 4 property beginning in tax year ...

NJ - Nonresident partner tax calculation discussed
New Jersey has issued guidance regarding nonresident partner's share of tax calculation for 2024. New Jersey reminds taxpayers that the tax is now based on the total of the nonresident partner’s sha...

NY - Authorization for Westchester County to impose additional local tax extended
Authorization for Westchester County, New York, to impose an additional local sales and use tax at the rate of 1% is extended until November 30, 2027. Previously, the authorization was scheduled to ex...

NC: Guidance issued on weight-based snuff tax, alternative nicotine products tax, and inventory tax
Guidance is issued regarding recently enacted legislation, effective July 1, 2025, that changed the North Carolina excise tax rate methodology for snuff, imposed a new excise tax on alternative nicoti...

PA - Household income limits for rebate claims increased
Pennsylvania increased household income limits for property tax and rent rebate claims for 2025 by 3.41%. The updated limits and maximum rebates are:$0–$8,550, $1,000 max rebate;$8,551–$16,040, $7...

TX - June 2025 certification of the average closing price of gas and oil released
The Texas Comptroller of Public Accounts has determined the average taxable price of crude oil for the reporting period June 2025 is $38.88 per barrel for the three-month period beginning on March 1, ...

VT - MFTIA and MFTA rates announced for third quarter of 2025
The Vermont motor fuel transportation infrastructure assessment (MFTIA) rate for the third quarter of 2025 (July to September 2025) is $0.0489, and the motor fuel tax assessment (MFTA) rate is $0.1340...

VA - Reminder issued on upcoming sales tax holiday
The Virginia Department of Taxation issued a reminder about the sales tax holiday being held from August 1 through August 3, 2025. During the holiday period, consumers can buy the following qualifying...

WA - Taxability of temporary staffing services explained
Beginning October 1, 2025, temporary staffing services are subject to Washington retail sales tax and retailing business and occupation (B&O) tax. The taxability of these services is no longer dep...

WY - Local tax rate changes announced
Wyoming has issued a revised overview of changes in local tax rates effective July 1, 2025, for sales, use, and lodging taxes across various localities. The only change from the chart issued April 1, ...

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