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Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.
The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.The New York Times - Feb. 24 -
This tax break for lower-income retirement savers is a 'well-kept secret,' expert says
The retirement savings contributions credit, or saver's credit, can help offset funds added to retirement accounts. But most taxpayers don't claim it.CNBC - Feb. 24 -
Look at Donald Trump and his gang of broligarchs – and tell me we don’t need a wealth tax | Brian Cox
I played a fictional billionaire on TV. It’s time world leaders got serious about taxing the real ones. Brian Cox played Logan Roy in HBO’s Succession and is a supporter of Patriotic Millionaires ...The Guardian - Feb. 25 -
Intuit shares jump after results top estimates amid key tax season
Tax-preparation software provider Intuit on Tuesday reported quarterly results that topped Wall Street’s estimates, while forecasting third-quarter sales that were also above expectations.MarketWatch - 6d -
Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls
Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.The New York Times - 5d -
Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid
After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. ...CBS News - 5d -
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 - 4d -
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 - 4d -
You can still lower your 2024 tax bill or boost your refund with these moves
There's still time to lower your 2024 tax bill or boost your refund with these three strategies, experts say. Here's what to know.CNBC - 4d -
Republicans consider major budget change to obscure deficit impact of extending Trump's tax cuts
WASHINGTON — Republicans are considering a far-reaching change to the budget process that would obscure the deficit impact of extending President Donald Trump’s multitrillion-dollar tax cuts in ...NBC News - 4d -
Homeowners can get a tax break worth thousands of dollars—see if you're eligible
For a median-sized loan, some homeowners could claim over $20,000 in tax deductions when filing this year.CNBC - 3d -
Tax breaks, child care and free college: How a Kansas town is enticing people to move there
Neodesha, Kansas, is trying a new way to get people to relocate. Residents may qualify for tax breaks and student loan repayment assistance among other perks.CNBC - 2d -
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 - 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 - 2d -
The Guardian view on a tax war: the world must unite against American obstruction | Editorial
Donald Trump’s threats to global tax reform have backfired, leaving the US isolated as nations push ahead with a new UN tax convention. Donald Trump’s Oval Office tirade on Friday laid bare his ...The Guardian - 1d -
Drugmakers prepare to sue EU over tax to pay for waste water clean-up
Pharma and cosmetics industries want other sectors to contribute ‘fair share’ towards cost of removing pollutantsFinancial Times - 1d -
'Reverse Robin Hood scam' or windfall for middle class? Lawmakers debate Trump tax plan extensions
Democrats and Republicans are making competing claims about how extending tax cuts from Trump's first term would benefit the rich and poor.CNBC - 23h -
Warren Buffett calls Trump's tariffs a tax on goods, says 'the tooth fairy doesn't pay 'em'
"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.CNBC - 22h -
Here’s what Warren Buffett thinks of Trump’s tariffs: ‘Over time, they are a tax on goods.’
Billionaire investor Warren Buffett likened tariffs to an “act of war” and said that over time they will act as a tax on goods.MarketWatch - 18h -
How Trump’s tariffs and tax cuts could leave the Fed unable to do its job
Trump is moving fast and breaking things. That’s creating more chaos than progress.MarketWatch - 2h -
You can still claim up to $2,000 per kid from the child tax credit, but that amount may drop after 2025—here's what to know
If Congress doesn't address the soon-expiring expanded child tax credit, parents could see a higher tax bill in the coming years.CNBC - Feb. 25 -
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 - 5d