Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
Payroll August 13, 2025
Social Security Recipients May See a 2.7% COLA Increase Next Year, New Estimate Shows
The Senior Citizens League now estimates the 2026 cost-of-living adjustment will fall in at 2.7% in 2026, up .2% over the 2025 increase.
Taxes August 13, 2025
July Tariff Revenue Jump Fails to Halt Wider Budget Gap
U.S. tariff revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the monthly budget deficit—pointing to the federal government’s continuing fiscal challenges.
Taxes August 13, 2025
GOP’s Gambling Tax Change Seen as Threat to States’ Revenues, Legitimate Casinos
Gaming experts assembled by Rep. Dina Titus, D-Nev., for a town hall bemoaned a tax change included in the One Big Beautiful Bill Act, saying it would benefit gaming markets not contributing to states' revenues.
Payroll August 13, 2025
House Dems Introduce Bill to Prevent More Downsizing at Social Security Offices
New Mexico Congresswoman Melanie Stansbury is leading a group of Democrats who are pushing to ensure Congress gets a say in any downsizing at the Social Security Administration.
Payroll August 13, 2025
Trump’s Pick to Head BLS Suggested Suspending Monthly Jobs Report
In a recent interview before his nomination, EJ Antoni suggested suspending the Bureau of Labor Statistics’ monthly jobs reports and publishing only quarterly numbers until issues with data collection are corrected.
Small Business August 13, 2025
Small Business Optimism Steady Despite Concerns About Costs
Small business owners remained optimistic in June, despite a host of concerns about issues such as high inventories, taxes, inflation and labor costs.
Payroll August 12, 2025
Trump’s New 401(k) Order Could Reshape How Americans Invest for Retirement
Some potential impacts include retirement plan exposure to alternative assets such as private equity and crypto alongside traditional options like mutual funds and ETFs.
Taxes August 12, 2025
Trump Extends China Truce for 90 Days, Averting Tariff Hike
President Donald Trump extended a pause of sky-high tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies.
Payroll August 12, 2025
Average U.S. Household Debt Reaches $152K
The average American household is more than $150,000 in debt, with mortgages accounting for more than two-thirds of what’s owed.
Payroll August 12, 2025
Trump Names Heritage Foundation’s EJ Antoni to Lead Bureau of Labor Statistics
EJ Antoni, chief economist of the conservative Heritage Foundation, will lead the Bureau of Labor Statistics after President Trump fired the former head of the agency earlier this month.
Taxes August 11, 2025
Why California’s Wealthiest Taxpayers Could Get Less of a Trump Tax Break
SALT, which can be claimed by taxpayers who itemize their deductions, is why the very rich get less of a break in California than most other states, according to experts.
Small Business August 11, 2025
Small U.S. Businesses Paying Trump Tariffs Face a $202 Billion Hit
Small U.S. companies, the source of more than half of the country’s job creation in recent years, are struggling to comply with President Donald Trump’s new tariffs and cope with growing financial strains clobbering them from higher import costs.