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8 tax deductions you didn't know you qualified for
These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.CBS News - 21h -
Trump tariffs 101: A tax on Americans that raises prices and lowers incomes
Congress has given the president the power to impose new taxes.MarketWatch - 19h -
The IRS Has an Influencer Problem, Thanks to This Tax Gray Area
The tax treatment of the free products many influencers get in the course of doing their job is especially ambiguous, leaving them unaware of how to correctly file their tax returns.Inc. - 18h -
Free-market advocates assemble coalition, at Trump’s request, to push tax cuts
EXCLUSIVE: Free-market economics big wigs, acting on a request from President Trump, have assembled a coalition that aims to be the premier voice in the push to make Trump’s 2017 tax cuts ...The Hill - 5h -
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 - Feb. 21 -
Will Republicans in Congress agree on a budget plan?
The Senate adopted a narrower budget proposal although Republicans in the House of Representatives are pushing ahead with different plan endorsed by President Trump. CBS News' Taurean Small reports.CBS News - Feb. 21 -
How Washington plans to defend the dollar
Trade tariffs grab headlines but the less-visible fight around money matters deeply to the presidentFinancial Times - Feb. 22 -
What's in the House GOP budget plan?
The House is expected to vote on a budget plan this week. It will be a key test to see if Republicans can unify around President Trump's agenda. CBS News congressional correspondent Nikole Killion ...CBS News - Feb. 24 -
Will Johnson's budget plan pass in the House?
House Speaker Mike Johnson says the lower chamber is very close to having enough votes to pass the budget plan that President Trump endorsed. CBS News' Taurean Small has more.CBS News - Feb. 25 -
Feds plan another 'accomplishment' email
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Feds plan another 'accomplishment' email Some agencies are planning to send a ...The Hill - 5d -
What is Trump’s Crypto Reserve Plan?
The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.The New York Times - 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 - 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 -
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 - Feb. 21 -
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 -
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 - Feb. 22 -
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 - Feb. 26 -
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 - Feb. 26 -
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 -
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 - 6d -
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 - 6d -
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 - 6d -
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 - 5d -
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 - 5d -
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 - 4d -
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 - 3d -
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 - 3d -
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 - 3d -
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 - 2d -
Mets lead MLB in 2024 payroll for third straight year with $333M; Yankees outspend Dodgers before luxury tax
Nine teams paid luxury tax penalties in 2024CBS Sports - 1d -
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. - 19h -
Chipotle Plans to Hire 20,000 Workers for ‘Burrito Season’
As spring approaches, people’s thoughts will turn toward green grass, sunny days, the start of baseball, and, according to the fast-food chain, a hankering for burritos that will require its ...Inc. - Feb. 19 -
Chinese Embassy Plan in London Sets Off Opposition
Britain appears ready to approve what would be the largest diplomatic outpost in Europe, but neighbors and activists fear tapped phone lines and suppressed protests.The New York Times - Feb. 20 -
New Scotland-England border landmark plan submitted
The Star of Caledonia will stand 33m (100ft) high and aim to attract hundreds of thousands of visitors.BBC News - Feb. 21