Latest in Layoffs Tax
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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 - 2d -
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. - 1d -
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 - 1d -
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 - 12h -
Trump layoff plan gets reprieve
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Judge gives Trump go-ahead on mass layoffs A federal judge refused a request from ...The Hill - 2d -
Details on judge's allowance of government layoffs
A federal judge has refused to stop President Trump's mass firings, saying unions representing those workers have to take their claims to the Federal Labor Relations Authority. CBS News senior ...CBS News - 1d -
USDA Layoffs Derail Projects Benefiting American Farmers
The blanket firing of Department of Agriculture scientists has thrown a host of climate science and crop projects into chaos.Wired - 2d -
National Park layoffs impact park goers
As the Trump administration pushes ahead with its drive to overhaul federal agencies, roughly 1,000 employees have been terminated at national parks. NBC News’ Morgan Chesky reports from Yosemite ...NBC News - 2d -
Georgia Republican faces crowd angered by DOGE layoffs
Rep. Rich McCormick faced a crowd at a town hall in Roswell, Georgia, that expressed anger about the layoffs and cuts implemented by Elon Musk's DOGE team.NBC News - 1d -
Pentagon layoffs paused for now, official says
The Pentagon is pausing the impending cuts to probationary civilian employees that could have affected around 50,000 people working for the Defense Department, a U.S. official tells CBS News. ...CBS News - 1d -
Latest news on Trump administration's mass layoffs
Thousands of Americans who worked as federal employees are out of a job and more cuts are coming after a federal judge allowed the Trump administration's mass layoffs plan to continue. CBS News' ...CBS News - 1d -
It’s time for Americans to withhold their taxes | Judith Levine
The point is not to deprive the government of funds. It’s to expose the regime’s criminality. Political power boils down to two things: votes and money. But when money buys presidents, senators and ...The Guardian - 2d -
Jobless Claims Rise a Little, But Do Not Yet Reflect DOGE Layoffs
Unemployment claims for the week of Feb. 15 were slightly more than expected, but don’t yet reflect the aggressive efforts of Elon Musk’s group.Inc. - 2d -
How Trump's NIH layoffs upended one probationary staffer's life
Before she had even unpacked her Washington, D.C., apartment after making the move from Alabama, Katie Sandlin became one of thousands of federal probationary workers to be fired.CBS News - 2d -
Fired Army veteran speaks out about federal layoffs
Army Veteran Nelson Feliz, Sr., who spent more than a decade working for the Department of Veterans Affairs, is speaking out about his experience as one of the many federal workers who was let go ...NBC News - 1d -
Fired IRS employees slam layoffs as agency makes cuts nationwide
As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters in Washington, D.C., for the last time.ABC News - 1d -
Meta approves plan for bigger executive bonuses following 5% layoffs
Meta's executive officers could earn a bonus of 200% of their base salary under the company's new executive bonus plan, up from the 75% they earned previously.CNBC - 1d -
Meta approves plan for bigger executive bonuses following 5% layoffs
Executives at Meta stand to get bigger bonuses this year.NBC News - 1d -
Trump administration mass layoffs can continue, judge rules
A judge allowed the Department of Government Efficiency's federal workforce cuts to continue on Friday. Probationary workers and IRS staff are on the chopping block as the Defense Department ...CBS News - 1d -
Federal cybersecurity layoffs could leave U.S. vulnerable to hackers
Employees with the Cybersecurity and Infrastructure Security Agency are awaiting more possible layoffs. Some security experts fear this could make the U.S. vulnerable to bad actors. CBS News ...CBS News - 1d -
Mass federal layoffs deliver a gutting one-two punch to America's veterans
President Donald Trump’s sweeping efforts to purge the federal workforce have dealt a striking one-two punch to an already largely vulnerable population: America’s veterans.NBC News - 1d -
Layoffs hit FAA employees tasked with producing air traffic navigation maps
Terminated probationary employees at the FAA include some who work on the team responsible for producing air traffic navigation maps, sources told ABC News.ABC News - 1d -
H&R Block Coupons and Deals: $50 Off Tax Prep in 2025
When you visit your local H&R Block store, you can save up to $50 when you use one of our (unique) codes.Wired - 3d -
Google agrees to pay Italy $340 million to settle a tax evasion investigation
Italian prosecutors say they are seeking to drop a tax evasion investigation against Google after the tech giant agreed to pay a 326 million euro ($340 million) settlementABC News - 3d -
Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown
Royal Caribbean was the hardest hit.CNBC - 2d -
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 - 2d -
Did You Sell Concert Tickets or Clothes? You May Owe Taxes
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says.The New York Times - 1d -
I.R.S. Fires 6,700 Employees Amid Tax Filing Season
The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.The New York Times - 1d -
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 - 1d -
5 options to consider if you owe $10,000 (or more) in taxes
If you're facing a large tax debt that you can't pay, there are a few possible solutions worth considering.CBS News - 1d -
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 - 1d -
President Trump should combine extending tax cuts with fixing Social Security
It would be good fiscal policy and probably good politicsMarketWatch - 1d -
Trump considers tariffs to counter digital services taxes on Big Tech
President orders probes into levies imposed by EU, UK and Turkey on US companiesFinancial Times - 1d -
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 - 11h -
Woman uproots life to take job as federal worker, then fired in mass layoffs weeks later
Last month, Katie Sandlin uprooted her life in a small town in Alabama to accept a job at the National Institutes of Health in Washington, D.C. Three weeks later, before she even unpacked her ...CBS News - 2d -
From weather apps to taxes: the trickle-down effects of Trump’s federal worker firings
Gutting of workforce will have far-reaching consequences as advocates warn of playing ‘Russian roulette’ with safety. You wake up to dark clouds outside, so you check the weather on your phone: a ...The Guardian - 2d -
Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency
Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.Inc. - 2d -
IRS employee among those fired by Trump during tax season speaks out
President Trump is eliminating more than 6,700 at the Internal Revenue Service at the height of tax season. Nancy Cordes looks at the impact of the cuts on the workers and Americans who depend on ...CBS News - 1d -
Will your tax preparer save you money or make costly mistakes? Look for these red flags.
How to make sure you get what you pay for.MarketWatch - 8h