Sen. Blackburn Introduces No Tax on Wrongful Delay Act of 2026
Bill Intros-Senate
Copyright © Targeted News Service, 2026
Copyright © Targeted News Service, 2026
2026-02-05
Bailey Malota
WASHINGTON, Feb. 5 -- Sen. Marsha Blackburn, R-TN, has introduced the No Tax on Wrongful Delay Act of 2026, aimed at exempting interest paid to taxpayers by the Internal Revenue Service (IRS) from being counted as gross income. The bill responds to concerns that taxpayers receiving compensation after successful audits or litigation should not be penalized by taxation on these payments.
The legislation specifically targets the interests accrued on overpayments to the IRS during audit . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Feb. 5 -- Sen. Marsha Blackburn, R-TN, has introduced the No Tax on Wrongful Delay Act of 2026, aimed at exempting interest paid to taxpayers by the Internal Revenue Service (IRS) from being counted as gross income. The bill responds to concerns that taxpayers receiving compensation after successful audits or litigation should not be penalized by taxation on these payments.
The legislation specifically targets the interests accrued on overpayments to the IRS during audit . . .
To gain access to full content fill out the form below.
Information Request Form
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com