IRS Closes Out $283 Billion in Employee Retention Credit Claims

The IRS paid out $283 billion as part of a pandemic-era tax credit program that became a magnet for fraud and faced long processing delays, according to a Tuesday report from the Government Accountability Office.

Santa Fe County Living Wage Rising to $15.40

The hourly living wage in Santa Fe County, New Mexico, will rise to $15.40 for nontipped employees and $4.62 for tipped employees effective March 1, according to the county website.

Maryland Announces Tipped Minimum Wage for Prince George’s County

The Maryland Department of Labor released the 2026 tipped minimum wage information for Prince George’s County on its website.

How to Maximize the Tax Breaks Under Trump’s New Tax Law

Americans filing taxes this year could qualify for a wave of new tax breaks under President Donald Trump’s One Big Beautiful Bill Act provisions. The savings, though, come with added complexity.

Nebraska to Index Minimum Wage Increases Starting 2027

Nebraska will annually raise its minimum wage by 1.75% starting Jan. 1, 2027, under a law Gov. Jim Pillen (R) signed Feb. 9.

Latest Stories

Petro Calls Meeting to Coordinate New Minimum Wage Decree

Colombian President Gustavo Petro said a decree establishing a minimum wage is mandated by the constitution and that the Labor minister will immediately convene a meeting to discuss a new decree to be issued after a court suspended a 23% salary increase, according to a post on X.

Tax Developments

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Finland Tax Agency Updates Guidance on Individual Income Taxation of Personnel Fund Payments

The Finnish Tax Administration Feb. 10 posted updated Guidance No. VH/760/00.01.00/2026, on the individual income taxation of personnel fund payments to employees. Updated topics include: 1) the taxation upon transfer ...

India, U.K. Sign SSA

The Indian Ministry of External Affairs Feb. 10 announced the same date signing of a social security agreement (SSA) with the U.K. [India, Ministry of External Affairs, 02/10/26]

Lithuania Gazettes Decree for Decision to Ratify DTA With Pakistan

The Lithuanian Official Gazette Feb. 10 published Decree No. 1K-577, wherein the President seeks a decision of the Parliament (Seimas) to ratify the DTA with Pakistan, signed Sept. 23, 2025. ...

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