Taxes May 16, 2025
In a new case, an office mix-up authorizing the wrong FedEx service resulted in a missed tax deadline. The Tax Court addressed whether the “equitable tolling” doctrine grants the taxpayer a reprieve.
May 14, 2025
May 12, 2025
Taxes May 5, 2025
The White House hasn’t provided any details of how the tax break would work, but the president touted it during the 2024 campaign and reiterated his support last month.
Taxes April 28, 2025
In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued at this time last year.
Taxes April 28, 2025
President Donald Trump suggested on April 27 that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.
Taxes April 28, 2025
Voter discontent with President Donald Trump’s economic stewardship is sinking his popularity as he approaches the symbolic 100-day mark of his second term, ratcheting up pressure on congressional Republicans to pass his tax plan.
Taxes April 28, 2025
Tax Court judges are notoriously a no-nonsense bunch. They consistently deny claims by taxpayers that are considered to be “frivolous” in nature.
Taxes April 25, 2025
President Donald Trump has said he's open to the idea of raising taxes, particularly on America's top earners; however, a recent poll shows voters are concerned about the prospect of tax hikes and would like to see Trump's 2017 tax cuts kept in place.
Taxes April 24, 2025
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Taxes April 22, 2025
A Republican proposal to tax income over $1 million at a 40% rate could generate around $400 billion over a decade, according to estimates from the Budget Lab at Yale and the Tax Foundation.
Taxes April 22, 2025
By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.
Payroll April 21, 2025
A study by GoBankingRates found that nationally the average person needed to earn $130,000 to take home $100,000 after factoring in federal and state income taxes.
Taxes April 16, 2025
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
Taxes April 15, 2025
According to the Institute on Taxation and Economic Policy, undocumented taxpayers contributed an estimated $8.5 billion in state and local taxes in California in 2022, more than in any other state.