Latest in Tax Policy
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Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...CBS News - 1d -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 1d -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 1d -
How to calculate your Social Security tax obligations
Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.CBS News - 19h -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - 3d -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 21h -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 1d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - 21h -
Should I pay off my tax debt before my credit card debt? Experts weigh in
Focusing on tax debt first can be a smart move, experts say, but that won't be the case for everyone.CBS News - 2h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 1d -
A Tariff Tantrum: the Upheaval from Trump’s Trade Policies
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.The New York Times - 5d -
Drug policy expert on fentanyl crisis and tariffs
Drug policy expert Sheila Vakharia joins to discuss the Trump administration's tariffs and their connection to fentanyl, the latest CDC data on overdose rates, and what's actually helping in the ...CBS News - 2d -
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.The New York Times - 4d -
Businesses bemoan Indian ‘tax terrorism’ and red tape
Officials vow to cut bureaucracy and fiscal burden amid fears they could hurt investmentFinancial Times - 3d -
Stock market falls sharply as investors fret Trump policies
Stocks continue to slide on Monday, following its worst week since September as president's protectionist policies darken economic view.CBS News - 1d -
Tories announce policy to deport all foreign nationals with criminal convictions
Policy would apply to those seeking asylum as well as anyone who had been charged with or convicted of immigration offences. All foreign nationals in the UK who receive a criminal conviction would ...The Guardian - 1d -
Southwest Airlines ending free checked bags policy for many passengers
Southwest Airlines is ending its free checked bags policy for many passengers. Some experts think customer loyalty could suffer.CBS News - 1d -
Johnson, House GOP dismiss market turmoil in defending Trump tariff policies
House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.ABC News - 18h -
Why Southwest Airlines is changing its checked bag policy
Southwest Airlines is changing its "bags fly free" policy in hopes of attracting customers to sign up for the Southwest-branded credit card. CBS News' Janet Shamlian reports.CBS News - 21h -
Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates
Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy.CNBC - 4d -
CNBC Daily Open: The effect of Trump policies will sway Fed’s interest rate moves
U.S. President Donald Trump's policies to reshape the U.S. and its economy are so drastic that the Federal Reserve is taking note.CNBC - 2d -
Threshold for filing ‘side hustle’ tax return to rise to £3,000 in UK
Cash earnings to increase from current level of £1,000 in boost to people who sell goods onlineFinancial Times - 1d -
Gavin Newsom’s Podcast Hosts Steve Bannon, Covering Musk, Trump and Taxes
The California governor hosted one of the architects of President Trump’s political movement on his new podcast, and their friendly sparring revealed a few points of agreement.The New York Times - 1h -
Energy Secretary Chris Wright vows to reverse Biden climate policies, says renewables can't replace natural gas
"The Trump administration will end the Biden administration's irrational, quasi-religious policies," Wright said at the CERAWeek by S&P Global energy conference.CNBC - 2d -
Trump’s ‘chaotic’ policy approach is creating opportunity for investors
There could be “quite a shift in the world order,” says Mike Cudzil, a portfolio manager at Pimco.MarketWatch - 4d -
Details on changes to Southwest's checked bags policy
Southwest Airlines is set to begin charging customers for checked bags, the last major airline to tack on baggage fees for most passengers. Hannah Towey, associate editor for Conde Nast Traveler, ...CBS News - 1h -
New York support for congestion pricing rises as Trump moves against policy: Poll
Support for New York Gov. Kathy Hochul’s (D) congestion traffic pricing in New York City has ticked up as President Trump moved to revoke the policy, according to a new survey. The Siena College ...The Hill - 1d -
Reeves delays plan to reform cash Isas until after Spring Statement
City executives have urged chancellor to lower cap on tax-free savingsFinancial Times - 2h -
FDA Nominee Marty Makary to Face Grilling Over Cutbacks and Policy Shifts
Dr. Marty Makary will testify before the Senate health committee on Thursday. Lawmakers may press him over staff reductions and changes in agency direction on issues like vaccines.The New York Times - 5d -
Powell Says the Fed Is in No Hurry to Adjust Rates Amid Trump Policy Uncertainty
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.The New York Times - 4d -
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...NBC News - 4d -
Trump’s immigration policy: ‘Give me your oligarchs, your rich...’
What happened to America’s heart? Have we forgotten that we are a nation of immigrants?The Hill - 4d -
States Shift Policy, Create Financial Incentives to Draw Power Plants
Demand for electricity is rising as the artificial intelligence race speeds up.Inc. - 2d -
Trump’s Policies Have Shaken a Once-Solid Economic Outlook
Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.The New York Times - 2d -
Harvard freezes hiring amid financial 'uncertainties' driven by Trump policies
Harvard University says it is freezing hiring for faculty and staff amid financial “uncertainties” driven by the Trump administration. “Universities throughout the nation face substantial financial ...The Hill - 1d -
US energy secretary criticises climate policy for damaging UK economy
Chris Wright says ‘once mighty’ British steel and chemicals industries have been displaced to AsiaFinancial Times - 1d -
US energy groups call on Trump to take steadier approach on policy
Executives seek more predictable long-term rules after executive order whirlwind on climate, LNG, drilling and windFinancial Times - 1d -
Southwest Airlines Will Begin Charging for Checked Bags, Ending a Beloved Policy
Customers with the highest loyalty status will be spared from the fee, but others will have to pay for checked bags for flights booked from May 28.The New York Times - 21h -
Why Trump's rapidly changing economic policies are raising stagflation alarms
If there was one thing President Donald Trump was supposed to represent to many voters, it was the prospect of an upturn in their economic fortunes.NBC News - 17h