A new federal tax quietly took effect on January 1, 2026, and millions of Americans who regularly send money abroad may not ...

In 2026, that environment is experiencing a shift. A new 1% federal excise tax on certain remittance transfers took effect.

A bill introduced in the U.S. House of Representatives would repeal the Federal Excise Tax on heavy trucks and trailers. Rep. Chris Pappas from New Hampshire (D-N.H.) and Rep. Doug LaMalfa (R-Calif.) ...

Nevada Democratic Sen. Catherine Cortez Masto and Mississippi Republican Sen. Cindy Hyde-Smith Friday re-introduced a bill that would eliminate the one-quarter of 1% federal excise tax on sports ...

Add Yahoo as a preferred source to see more of our stories on Google. Barb Carey, left, and Rikki Pardun set trolling rods on Rice Lake during the 2025 Governor's Fishing Opener. Carey is president ...

The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act.

Penn is expected to face a 4% federal excise tax on its endowment income starting July 1, 2026 — a move that University officials have warned could significantly hinder its ability to support student ...

A new effort to ax the 12% federal excise tax on most heavy-duty trucks, tractors, and trailers has been mounted on Capitol Hill by Rep. Doug LaMalfa (R-CA). He introduced the Heavy Truck, Tractor and ...