AROUND THE TAX WORLD

In The Headlines – Super Bowl LVIII means record-breaking ticket prices for football fans and revenue spikes for Las Vegas small businesses.

What’s New In The Tax World? – To file or not to file? With new proposed tax breaks coming up fast, the IRS urges taxpayers to move ahead with their tax returns

State-By-State Updates -A Connecticut task force tries to bid farewell to the state’s car tax.

Tax Planning Tips – With TJCA tax provisions soon to expire, 2024 will be a crucial year for tax planning.

In The Headlines – Spirit Airlines and JetBlue may be star-crossed business partners.

What’s New In The Tax World? – 2024 may be the Year of the Tax Break—from the expanded child tax credit to business benefits

State-By-State Updates -The Kansas Legislature is stepping on the gas when it comes to income and sales tax reform.

Tax Planning Tips – The latest industry boom is in selling energy tax credits—a market worth up to $9 billion.

In The Headlines – Universal Pictures ousts Disney from its throne in 2023, coming in as the highest-grossing studio at the box office.

What’s New In The Tax World? – Cutting state tax rates: What was hot in 2023 may not be in 2024

State-By-State Updates -Georgians may have more money in their pockets in 2024 from reduced state income taxes.

Tax Planning Tips – Another day, another EV tax credit update—and it’s a big one.

In The Headlines – One of the most successful businesses of 2023 is… Taylor Swift.

What’s New In The Tax World? – Popular electric vehicles may fall out of favor in 2024 without the help of the EV tax credit

State-By-State Updates -California’s climate programs may have one adverse side-effect—$6 billion in lost gas tax revenue.

Tax Planning Tips – New guidance on the Clean Hydrogen Production Tax Credit is finally being released… but is this good news or bad news?

In The Headlines – AI-generated fake reviews are taking a toll on the tourism industry—and Exceptional Alien is fighting back with the help of celebrity investors.

What’s New In The Tax World? – The fate of a potential “wealth tax” rests on a current Supreme Court case

State-By-State Updates -Georgia’s Republican lawmakers want to speed up state tax cuts.

Tax Planning Tips – Looking to save on taxes next year? Lose the money market funds and consider municipal money market funds and Treasury bills instead.

In The Headlines – Ryan Gosling is the most popular celebrity—among internet scammers, according to cybersecurity software company McAfee.

What’s New In The Tax World? – U.S. lawmakers continue to push for changes to the tax rules on EV credits and cryptocurrency taxation

State-By-State Updates -Overtime just got more exciting in Alabama, which has officially eliminated state taxes on overtime pay.

Tax Planning Tips – Service members can opt into a new tax benefit—the Dependent Care Flexible Spending Account (DCFSA).

In The Headlines – What do Selena Gomez, Kim Kardashian, Rihanna, and Reese Witherspoon have in common?

What’s New In The Tax World? – House Republicans propose a $14 billion reduction in the IRS’ budget to fund aid to Israel

State-By-State Updates -Alabama residents will see a little income boost through a round of tax rebates.

Tax Planning Tips – The IRS’ latest mission: hunting down $1 trillion lost to overseas tax havens.