Ways and Means eyeing limits to corporate tax deductions

Topics

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 - 16h
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. - 3h
Whole Hog Politics: Democrats learn the limits of resistance

On the menu: COVID-19 at root of Gen Z move to the right; Vivek readies battle for Ohio; Kemp brushes back Greene; A very big fish story It may be fitting that President Trump has been in a ...
The Hill - 3h
'Not as dominant': Embiid admits knee limiting him

Sixers center Joel Embiid, who has been hampered by a left knee injury this season, admitted Thursday that "the way I was playing a year ago is not the way I'm playing right now."
ESPN - 3h
Trump Eyes a Bigger, Better Trade Deal With China

U.S. officials are considering whether they can strike a deal with China that would ramp up its purchases of American goods and investments in the United States.
The New York Times - 1d
DOGE Puts $1 Spending Limit on Government Employee Credit Cards

The restrictions are already in place at the General Services Administration along with several other agencies. Soon they’ll roll out to most of the federal government, sources say.
Wired - 21h
A Strong Dollar Means Bargains for Americans Traveling Abroad

The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers.
The New York Times - 1d
'I never retired' - Root eyes more ODI success with England

Joe Root speaks to BBC Sport about England's form, his 50-over future and past World Cup failure before England's Champions Trophy opener.
BBC News - 8h
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 - 22h
OpenAI’s ChatGPT explodes to 400M weekly users, with GPT-5 on the way

OpenAI's ChatGPT reaches 400M weekly users and doubles enterprise adoption to 2M+ users, signaling major AI shift as company prepares GPT-5 launch amid growing competition from DeepSeek and xAI.
VentureBeat - 19h
Asteroids are headed this way – oh no! Are we all doomed? | First Dog on the Moon

Definitely maybe but probably not. Sign up here to get an email whenever First Dog cartoons are published Get all your needs met at the First Dog shop if what you need is First Dog ...
The Guardian - 8h
5 Key Ways Bad Leaders Expose Themselves When Under Pressure

Watch for these warning signs of bad leadership under pressure.
Inc. - 3h
The World Is in a Polyester Crisis. One Company Is Trying to Recycle a Way Out

The European company Reju may have developed the polyester recycling technology the textile industry needs. The question is whether the world is ready for it.
Wired - 2h
Hegseth wants massive Pentagon cuts, but many obstacles stand in his way

To come anywhere close to Hegseth’s target, the Pentagon bureaucracy will engage in yet another cut drill, with many promising programs falling on the cutting room floor while legacy activities ...
The Hill - 57m
Movie Review: Hit man pic ‘Old Guy’ has style, but it’s no bull's-eye

A boomer hit man is given a nightmare final assignment to train his Gen Z replacement in Simon West’s action-comedy “Old Guy.”
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 - 2d
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) settlement
ABC News - 2d
Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown

Royal Caribbean was the hardest hit.
CNBC - 17h
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 - 16h
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 - 15h
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 - 27m
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 season
CBS Sports - 16h
How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI

DeepSeek's sudden emergence has put the AI industry's focus on a technique called distillation.
CNBC - 1h
What we learned in Canada's 4 Nations Face-Off win, and what it means for the Olympics

The title game needed OT and Connor McDavid got the winner. Here are the keys to the contest, and a look ahead.
ESPN - 1h
Ohtani throws a 2nd bullpen session as he makes his way back to the mound for the Dodgers

Shohei Ohtani threw his second bullpen session of spring training on Tuesday
ABC News - 2d
Lakers' LeBron James, Luka Dončić discuss crunch-time dynamic after Hornets loss: 'It will go both ways'

LeBron took the last shot on Wednesday night, as coach JJ Redick rode the hotter hand
CBS Sports - 16h
Ranking top contenders for MLS Cup: Lionel Messi and Inter Miami lead the way, Seattle Sounders a threat

Can the Los Angeles Galaxy repeat after returning to the summit last season?
CBS Sports - 13h
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 - 23h
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. - 14h

More in Politics

US not co-sponsoring UN resolution supporting Ukraine: report

The U.S. is reportedly refusing to co-sponsor a draft U.N. resolution marking three years since Russia’s invasion of Ukraine, signaling weakening U.S. political support for Ukraine as President ...
The Hill - 15m
To stop Trump, Democrats must reinvent themselves

Democrats can’t beat Trump and the populist right with the discredited progressive playbook they’ve been following since 2016.
The Hill - 27m
Graham defends Senate budget resolution amid Trump opposition: 'Complete game changer'

Sen. Lindsey Graham (R-S.C.) defended the Senate's budget resolution, which rolled in during the wee hours of Friday morning and involves a two-track process instead of the one large spending bill ...
The Hill - 52m
Hegseth wants massive Pentagon cuts, but many obstacles stand in his way

To come anywhere close to Hegseth’s target, the Pentagon bureaucracy will engage in yet another cut drill, with many promising programs falling on the cutting room floor while legacy activities ...
The Hill - 57m
Trudeau after Canada hockey win over US: 'You can't take our country — and you can't take our game'

Canadian Prime Minister Justin Trudeau took a veiled swipe at President Trump on Thursday, after Canada defeated the U.S. in the 4 Nations Face-Off hockey game. “You can’t take our country — and ...
The Hill - 1h