Daily Deduction

Guidance, Trends, and a Changing Landscape

January 26, 2018 –

Treasury’s tax legislative counsel questions state plans to mitigate SALT deduction repeal.

IRS News, Bad News, Good News

January 25, 2018 –

A new IRS commissioner? Politico broke the news that the White House will name Beverly Hills, California tax lawyer Charles “Chuck” Rettig as the new IRS commissioner.

States, Costs, and Benefits

January 24, 2018 –

The TCJA and the States: Today at 9:00 am: The Tax Cuts and Jobs Act is creating many fiscal challenges for the states.

Open for Governing, for Now

January 23, 2018 –

The government is open through February 8. Congress agreed to reopen the federal government—for three weeks.

Government Shutdown, Congressional Showdowns 

January 22, 2018 –

The federal government remains closed. Federal spending authority ended at midnight on Saturday, January 20. Senate dealmakers have been at work over the weekend to find a way out of their impasse. They’re still looking.

To shut down, or not to shut down? That is (still) the question.

January 19, 2018 –

The Senate has until midnight to decide whether to keep the government open.

Shutdown Clock: Tick Tock

January 18, 2018 –

There’s still no deal on a temporary spending bill for the federal government.

Banks, Bills and Bags

January 17, 2018 –

US banks are happy about the TCJA. The New York Times reviews how the new tax law helps the country’s banks.

“Fear and Loathing in the Capital”

January 16, 2018 –

Shutdown drama escalates. The posturing, fighting, and brinksmanship over the federal spending bill continued over the Martin Luther King, Jr., holiday weekend.

New Withholding Tables, Some New Estimates

January 12, 2018 –

The IRS will rely on DIY withholding for early 2018. The agency has issued new withholding tables and guidance that reflect changes under the Tax Cuts and Jobs Act.