Latest in DOGE Could Cut the IRS in Half. What Does That Mean for Your Tax Filings
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DOGE Could Cut the IRS in Half. What Does That Mean for Your Tax Filings?
New reports indicate that Elon Musk may hit the agency with a second round of mass layoffs, and that audits could be abandoned amid the diminished headcount.Inc. - 14h -
What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?
The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.Inc. - Feb. 21 -
What does DOGE's IRS shake-up mean for tax season?
DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.NBC News - Feb. 20 -
Here's how IRS layoffs could impact your tax filing and refund this season
Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.CNBC - Feb. 21 -
What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers
How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.The New York Times - 6d -
Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say
As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season.NBC News - 6d -
Thinking of not filing your tax return amid IRS cutbacks? Penalties can be costly, experts say
As the IRS faces cutbacks, some taxpayers are weighing whether to file returns this season. But penalties can be costly, experts say.CNBC - 6d -
Can you dispute your tax bill with the IRS?
Receiving an unexpected tax bill from the IRS doesn't mean you're automatically obligated to pay it.CBS News - Feb. 24 -
What NOAA cuts could mean for weather forecasts, natural disaster preparedness
The Trump administration's latest wave of cuts to the federal government hit the National Oceanic and Atmospheric Administration last week. Alan Sealls, president-elect of the American ...CBS News - 2d -
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.ABC News - Feb. 20 -
Here's what Trump's tariff barrage could mean for your 401(k) plan
The stock market has swung wildly since President Trump placed 25% tariffs on Canada and Mexico. Here's what to know about your 401(k).CBS News - 14h -
The IRS is firing thousands of workers. Will it affect your tax refund?
With the IRS laying off thousands of employees Thursday, many Americans may be wondering if their tax returns – or their refunds – will be affected.The Hill - Feb. 22 -
Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions
Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.The Hill - Feb. 25 -
Don't wait to file your taxes this season, experts say. Here's why
Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.CNBC - Feb. 21 -
Will the expected IRS cuts delay my 2025 tax refund?
Tax accountants urge Americans to file early this year to avoid delays in getting your 2025 tax refund.CBS News - Feb. 21 -
Elon Musk’s DOGE Removes Employees That Created Free Tax-Filing Site
Elon Musk and DOGE deem their jobs as “non critical.”Inc. - 4d -
Trump’s IRS layoffs have some Americans asking: ‘Why bother’ filing taxes this year?
Accountants say some clients are wondering if they should blow off their taxes amid IRS cutbacks.MarketWatch - Feb. 22 -
Email shows that Musk ally is moving to close office behind free tax filing program at IRS
Program is apparently being closed according to email from former Tesla engineer installed in GSA. An Elon Musk ally installed in the US government said in a late night email going into Saturday ...The Guardian - 4d -
What does the Trump-Zelenskyy blowup mean for Ukraine peace talks?
U.S.-Ukraine relations went off the rails Friday after President Trump and Vice President JD Vance clashed with Ukrainian President Volodymyr Zelenskyy in front of cameras at the Oval Office. Ed ...CBS News - 5d -
When presidents clash: What does the Trump-Zelensky skirmish mean for Ukraine?
With Trump accusing Zelensky of “gambling with World War III” and demanding more gratitude for American support, all on camera, the encounter was one of the most hostile public clashes between a ...The Hill - 2d -
Trump Made English the Official Language. What Does It Mean for the Country?
President Trump’s executive order puts his “America first” stamp onto the nation’s speech. But the effect might be muted.The New York Times - 2d -
The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why
The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.CNBC - Feb. 26 -
What is the minimum payment trap (and how does it affect your finances)?
If you're carrying any amount of credit card debt, falling into this trap could mean big trouble for your wallet.CBS News - 2d -
If you have a side hustle, start this simple habit now to make filing your taxes easier, CPA says
If you have a side hustle, keeping good records throughout the year can save you a headache come tax time.CNBC - 3d -
Trump's plans to slash IRS staff could derail agency amid tax season
The IRS is preparing to get rid of half of its workforce, according to two media reports – part of a blitz by the Trump administration to reduce the size and scope of the federal government during ...The Hill - 58m -
What tariffs on Canada, Mexico and China could mean for consumers
President Trump's plan to impose 25% tariffs on nearly all goods imported from Canada and Mexico is set to take effect Tuesday. The president also plans to impose an additional 10% tariff on ...CBS News - 2d -
What pause in US military aid could mean for Ukraine
It's a bitter blow for Ukraine and Europe - but not the first time the US has withheld aid, writes BBC's Jonathan Beale.BBC News - 2d -
The Federal Housing Administration could face layoffs — what that may mean for homebuyers
The Federal Housing Administration, a major provider of low-down-payment loan options for first-time homebuyers, is facing a staff cut. What you should know.CNBC - 20h -
The Federal Housing Administration could face layoffs — what that may mean for homebuyers
Tens of thousands of federal workers have lost their jobs in recent weeks as the Trump administration attempts to slash government spending.NBC News - 19h -
Why the Fed’s inflation fight could be a victim of Trump’s tariffs and tax cuts
Trump is moving fast and breaking things. That’s creating more chaos than progress.MarketWatch - 1d -
Israel has cut off all supplies to Gaza. Here's what that means
Israel has cut off the entry of all food and other goods into Gaza in an echo of the siege it imposed in the earliest days of its war with HamasABC News - 3d -
NBA Defensive Player of the Year odds: What does Victor Wembanyama's injury mean to the award race?
The Defensive Player of the Year race just changed drastically with Wembanyama now out for the seasonCBS Sports - Feb. 20 -
Germany has swung to the right. What does that mean for the country – and Europe? Our panel responds
Friedrich Merz’s CDU/CSU may have won the German election, but all eyes are on the far-right AfD after its huge gains Continue reading...The Guardian - Feb. 24 -
President Trump proposes pardon for Pete Rose, but what does that mean for late banned baseball hits king?
It is unclear what a potential pardon would cover because Rose, who died last October, has not been convicted of a crimeCBS Sports - 4d -
Braves' Sean Murphy to miss Opening Day with cracked rib; what does that mean for top prospect Drake Baldwin?
CBS Sports ranked Baldwin the No. 32 prospect in baseball heading into the 2025 seasonCBS Sports - 2d -
It’s now a stock picker’s market as more shares outperform the S&P 500. Here’s what that means for your portfolio.
The number of individual stocks outperforming the S&P 500 has exploded since the start of 2025 after a two-year stretch of unusually concentrated performance. That translates to a broader ...MarketWatch - Feb. 24 -
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog?
Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration's attempts to ...CBS News - Feb. 21 -
DOGE cuts could hamper U.S. response to next pandemic
Around 700 people have been laid off from the Centers for Disease Control and Prevention in recent weeks due to cuts from the Trump administration. Some public health experts are expressing ...CBS News - Feb. 25 -
O'Malley: DOGE cuts could soon trigger Social Security system 'collapse'
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk's Department of Government Efficiency (DOGE) at ...The Hill - 2d -
Fears DOGE cuts could impact housing assistance programs
With expected staffing and budget cuts looming at the Department of Housing and Urban Development, there are fears some housing assistance programs could lose funding. In Kansas City, officials ...NBC News - 12h