New York City Mayor-elect Zohran Mamdani reads a Christmas book to students at Little Scholars on December 11, 2025 in New York City. Mamdani visited a school and met with educators to speak about the importance of his campaign promise of Universal Child Care after meeting with business leaders to discuss how to fund the child care plan.

NYC Aims to Open More Child Care Centers With Bigger Tax Break

New York City lawmakers hope more landlords will make space for day cares and early education centers in their buildings after boosting a tax credit for expanding enrollment.

Student Loan Forgiveness Poses Looming Tax Dilemma for States

States face a tough choice in the year ahead: pile onto US tax bills looming for thousands of student loan borrowers whose debts are forgiven under an income-driven repayment plan, or forgo much-needed revenue.

Three State and Local Tax Cases Practitioners Must Watch in 2026

Next year has the potential for landmark state and local tax decisions that affect the broader legal landscape in addition to the discrete tax issues they address.

Millionaire Tax Plans Spread as Washington Eyes New Levy

When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times.

Mamdani Made Big Promises. Here Are Challenges He Faces as Mayor

When Zohran Mamdani takes office on Jan. 1 as New York City’s mayor, he will inherit a role that’s described as the second-hardest job in America.

Tax Developments

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Indiana DOR Publishes 2026 Individual Filing Deadlines

The Indiana Department of Revenue (DOR) published the 2026 individual filing deadlines. [Ind. Dep’t of Revenue, Filing Deadlines, 12/01/25]

Mississippi DOR Accepting 2025 Charitable Credit Allocations Beginning Jan. 1, 2026

The Mississippi Department of Revenue (DOR) announced in a press release that it will begin accepting applications for Charitable Credit Allocations for calendar year 2026 on Monday, Jan. 5, 2026, ...

Ohio Tax Department Issues Update on Caps for Vendor Timely Filing Discount

The Ohio Department of Taxation announced changes to the vendor timely filing discount. Beginning Jan. 1, 2026, the vendor discount of 0.75 percent will be capped at $750 per vendor’s ...

Latest Stories

How Transfer Pricing Offers a Fix for Student Athletes (Rerun)

We’re off for the New Year holiday, so we’re serving up an encore presentation of a Talking Tax podcast about challenges with paying student athletes. University of Kentucky professor Stephen Lusch talks with reporter Caleb Harshberger about how transfer pricing and tax law concepts can show whether the deals are done at reasonable prices that really reflect the value the student brings.

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Bridgewater, D.E. Shaw Among Top Hedge Fund Gainers (Correct)

Bridgewater Associates’ flagship money pool posted record gains, while D.E. Shaw & Co.’s strategies soared as much as 28% to rank among the biggest hedge fund winners of 2025 when tariff-fueled market uncertainty presented a fertile hunting ground for traders.

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