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.
Taxes May 19, 2025
Trump Wanted to End Social Security Taxation, But House Republicans Have Other Ideas
House Republicans have included a proposal in their tax bill to provide a $4,000 federal income tax deduction for lower- and middle-income seniors 65 and over.
Payroll May 19, 2025
Some Social Security Recipients Face 15% Cut to Benefits Starting in June
Social Security recipients who have fallen behind on student loan payments face having their benefits slashed as soon as next month.
Payroll May 19, 2025
6 Great Recession Money Lessons That Still Apply Today
A recession’s impact is largely out of your control, but your reaction isn’t. With strategic steps, you can insulate yourself and create new opportunities.
Taxes May 18, 2025
New York Republican Pushes for Higher Tax Rate to Pay for SALT
“Allowing the top tax rate to expire—returning from 37% to 39.6% for individuals earning more than $609,350 and married couples earning more than $731,200—breathes $300 billion of new life into the effort." Rep. Nick LaLota posted on X.
Small Business May 17, 2025
Trump’s Pause on China Tariffs is Still a ‘Huge Nightmare’ for Small Businesses
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for U.S. small businesses.
Taxes May 16, 2025
Rep. Andrew Clyde, Other Rebel Republicans Derail Trump’s ‘Big, Beautiful Bill’
Although Clyde and other conservatives support the tax cuts in this package, they said they worry that the GOP plan doesn’t go far enough to cut spending and change how Medicaid works.
Taxes May 16, 2025
Trump’s ‘Big, Beautiful’ Budget Package Bottled Up in House Committee, for Now
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 16, 2025
Trump-Backed Tax Bill Would Expand Child Tax Credit, Establish ‘MAGA Accounts’ for Kids
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Payroll May 16, 2025
The ‘Motherhood Penalty’: Mothers Earned 35% Less Than Fathers in 2024
A new Bankrate analysis of Census Bureau Current Population Survey data reveals full-time working fathers earned 35% more in wages than mothers working full-time in 2024, a wider disparity than in 2023 and 2022.
Payroll May 16, 2025
U.S. Spring Homebuying Season Off to its Weakest Start in Five Years
Deals were down 3% from last April, already seen as a low mark. Active listings for April also ballooned to the highest level since 2019, suggesting homes are piling up on the market.
Small Business May 16, 2025
Trump to Keep 30% China Tariffs Through Late 2025, Analysts Say
President Donald Trump’s tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the U.S. after the 90-day truce, suggesting Beijing may have to endure further economic pain despite active talks.
Taxes May 15, 2025
NY GOP Rep. Mike Lawler Calls MTG ‘Jewish Space Laser Lady’ in SALT Feud
Rep. Mike Lawler traded insults with fellow Republican Rep. Marjorie Taylor Greene in a nasty online spat over his push for a higher cap on deducting state and local taxes.