Income Taxes Articles

Act Now! Get Registered for February Members Webcast

Register Now for the July 10 Webcast: Starting at 12:00 PM Pacific Time "Family Vision and Values: The Starting Point of Estate Planning"   Why attend? With the federal tax exemptions to sunset at the end of 2025, estate planning has become a pressing issue for...

Taxation & Representation: Tax Cuts & Business Deductions—Congress Takes Action

Sen. Daines, Rep. Smucker Introduce Bill to Extend and Make Permanent the Section 199A Deduction: On Jan. 23, Sen. Steve Daines (R-MT) introduced the Main Street Tax Certainty Act (S. 213), which would make permanent the Tax Cuts and Jobs Act (TCJA, Pub. L. 115-97)...

Bipartisan Bill Seeks to Cut Estate Tax—See What It Means for You

Rep. Jodey Arrington Introduces House Bill to Amend IRS Code to Reduce Rate of Tax on Estates, Gifts, and Generation-Skipping Transfers    H.R. 601 was introduced on January 22 and Referred to House Ways and Means, Budget Committees; Democrat Rep. Sanford D....

Key Tax Policy Updates from the Ways and Means Committee Hearing (January 22, 2025)

On January 22, 2025, the House Ways and Means Committee hosted a Member Day Hearing featuring testimony from 55 Members of Congress. The hearing addressed critical tax policy priorities for the 119th Congress, including:     The extension of the Tax Cuts and Jobs...