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...
AZ - School tax credit guidance revised
Arizona updated its guidance on personal income tax credits for contributions to schools. The ruling details five credits available to individual taxpayers, including contributions or fees paid to sup...
CA - Penalties and interest abatement denied
Taxpayers did not establish a basis to abate an estimated tax penalty, late payment penalty, or interest, despite citing COVID-19-related income fluctuations and payment hardships. The taxpayers advan...
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...
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...
GA - Jobs tax credit regulations amended
Georgia has amended the Job Tax Credit program regulation. One significant change is the explicit prohibition against claiming or carrying forward the Job Tax Credit for any project that also receives...
IL - Reminder issued for out-of-state car purchases
Illinois residents that purchase vehicles in another state owe Illinois sales and use tax if they register and primarily use the vehicle in the state. To avoid double taxation, buyers must obtain an e...
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 ...
NE - Guidance on homestead exemption updated
Guidance on the applicability of Nebraska's homestead exemption to property that has suffered significant damage has been updated. Previously, damaged real property was limited to property damaged by ...
NJ - Clarification regarding graduated fee issued
New Jersey has provided clarification regarding the imposition of the Graduated Percent Fee on property deed transactions exceeding $1 million and shifting payment liability from grantees to grantors....
PA - Real estate valuation factors updated
Pennsylvania has released the real estate valuation factors applicable for documents accepted from July 1, 2025 through June 30, 2026. The factors are the mathematical reciprocals of the common level ...
SC - Sales tax holiday dates announced
South Carolina has announced that the annual sales tax holiday will take place August 1, 2025, through August 3, 2025. The following items will be exempt:clothing and clothing accessories,footwear,sch...
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...
