Benefits May 29, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
Taxes June 5, 2025
Trump Says Musk’s Tax Bill Criticism is Over EV Mandate Cut
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes June 5, 2025
The Tax Blotter – June 2025
The IRS just released its annual “Data Book” providing vital information about the agency’s activities for its 2024 fiscal year (FY2024) spanning October 1, 2023, through September 30, 2024 .
Taxes June 4, 2025
Elon Musk Pressures Congress to ‘Kill’ Trump’s ‘Big, Beautiful Bill’
The former presidential advisor stepped up his fight against the One Big Beautiful Bill Act on June 4, calling on Americans to pressure their representatives in Washington to “kill” the legislation.
Taxes June 4, 2025
Trump’s Tax Bill Would Add $2.4 Trillion to the Deficit, CBO Analysis Finds
If President Donald Trump’s “big, beautiful bill” passes, taxes will be cut by roughly $3.75 trillion but it will add $2.4 trillion to the overall deficit over the next decade, according to a new report from the Congressional Budget Office.
Taxes June 4, 2025
GOP Leaders Push Back on Musk ‘Abomination’ Criticism of Trump Tax Bill
Republican congressional leaders pushed back Wednesday on Elon Musk’s harsh criticism of President Trump’s signature budget bill as a fiscally dangerous “disgusting abomination.”
Taxes June 4, 2025
Nuclear Projects Would Have ‘Collapsed’ Without Tax Credits, Fleischmann Says
The House kept some tax credit incentives for new nuclear projects in its tax break and immigration megabill because the industry would die out without them, said U.S. Rep. Chuck Fleischmann (R-TN).
Taxes June 4, 2025
No State Tax is Why the Florida Panthers Are Succeeding? Not Exactly, GM Says
There has been a lot of talk in hockey circles recently how a select group of teams possibly have an upper hand in the NHL because they play in states without an income tax.
Taxes June 4, 2025
IRS Commissioner Nominee Advances to Senate Floor
The Senate Finance Committee voted along party lines on June 3 to approve President Donald Trump’s nomination of former Missouri Rep. Billy Long to lead the IRS over the objections of Democrats.
Taxes June 3, 2025
Senate Faces Delicate Balancing Act on Reconciliation Tax Package
It's not clear yet how extensive the changes to the House's nearly $4 trillion tax package will be, but lawmakers and interest groups see plenty of opportunities for tweaks to suit their needs.
Taxes June 3, 2025
IRS Calls 2025 Tax Season ‘Successful’ Despite Staff Cuts, Revolving Door of Leaders
The IRS completed a "successful 2025 filing season" with 87% of taxpayer phone calls answered by customer service representatives and average wait times of three minutes, the agency said last week, despite workforce reductions and leadership changes that have put the IRS at times in a state of turmoil.
Taxes June 3, 2025
Elon Musk Goes Off Again on Trump’s Big, Beautiful ‘Pork-Filled’ Bill
Tech entrepreneur Elon Musk unleashed on President Donald Trump’s “big, beautiful bill” on June 3, marking the second time in a week that the former presidential advisor broke with the president.
Taxes June 3, 2025
Estate Tax Repeal Pending in Congress Raises Debate Over Charity, Wealth Gap
A proposed repeal of the federal estate tax has advocates arguing about whether it would be a long-overdue fix for small business owners and farmers, or an unnecessary move widening the gap between the haves and have-nots even further.