Carry Learning Center

The One Big Beautiful Bill Act, signed into law by President Trump on July 4, 2025, introduces substantial changes to the U.S. tax code that will affect millions of Americans filing 2025 returns. The legislation includes new deductions for tips and overtime pay, increases the Child Tax Credit, and raises the state and local tax [...]

The Arizona Department of Revenue is urging residents to file their 2025 income tax returns on schedule despite the state lacking an approved tax code that conforms to recent federal changes, a situation that could force roughly one million taxpayers to amend their filings and cost the state $20 million to process. The unusual predicament stems [...]

The IRS began the 2026 tax filing season Monday with 27% fewer employees than it had a year ago, raising concerns about delays for millions of taxpayers who need assistance as the agency implements over 100 new tax law changes, according to National Taxpayer Advocate Erin Collins’s annual report to Congress. The workforce dropped from approximately [...]

The IRS opened its 2026 tax filing season Monday as the agency faces a potential government shutdown Friday and steep workforce reductions that threaten to disrupt refunds and taxpayer assistance for 164 million expected returns. Annual funding for the agency expires after midnight January 30, at which point employees would be furloughed or required to work [...]

Governor Kathy Hochul announced a proposal January 8 to eliminate New York State income taxes on up to $25,000 of tipped income starting in 2026, introducing Senate Bill S587-A that now sits before the Senate Committee on Budget and Revenue. The measure would deliver tax relief to hospitality workers, delivery drivers, and service employees across [...]

The Los Angeles City Council moved forward Tuesday with three tax increase proposals that could generate more than $260 million annually, targeting hotels, parking facilities, and unlicensed cannabis businesses. The measures are set for placement on the June 2026 primary ballot, marking the city’s latest push to shore up a general fund facing structural deficits. City [...]

The U.S. Court of Appeals for the Fifth Circuit ruled January 16 that limited partners in state-law limited partnerships qualify for a self-employment tax exemption based solely on their limited liability status, rejecting the IRS’s requirement that partners must be passive investors. The decision in Sirius Solutions LLLP v. Commissioner creates a direct split with [...]

New York City Mayor Zohran Mamdani is proposing a package of tax increases he says would raise about $9 billion a year to fund programs that include fare free buses and expanded childcare. The plan would require approval from state lawmakers in Albany. Mamdani has said the proposal would raise the state corporate tax rate from [...]

The Idaho House Revenue and Taxation Committee introduced legislation Friday that would align the state’s tax code with federal changes, resulting in an estimated $155 million annual reduction in state revenue. The bill proposes retroactive implementation to January 2025, setting up a debate over timing and fiscal impact as lawmakers weigh competing budget priorities. House Bill [...]