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 May 8, 2025
Louisiana Unemployment Benefits Could Have Stricter Rules
Louisiana could require residents who get unemployment insurance to do more to find new jobs if a bill advancing in the legislature becomes law.
Taxes May 7, 2025
Feds’ Latest Tool in Push to Curb Immigration: Workers’ Tax IDs
A recent agreement between the IRS and U.S. Immigration and Customs Enforcement to share immigrants’ tax information has raised growing concern about how data tied to ITINs and their holders might be used.
General News May 6, 2025
Student Loan Collections Start This Week
Starting Monday, the government will resume collections on federal student loans that are more than 270 days past due.
Taxes May 5, 2025
Trump Wants Tax Deduction for Interest on Loans to Buy U.S.-Made Cars. Can it Happen?
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 May 5, 2025
Trump’s Attack on Harvard’s Tax-Exempt Status Could Be a Problem for the IRS
Experts say the IRS would face an “uphill climb” if it decided to move ahead against Harvard. And that fight could potentially take years.
Payroll May 5, 2025
Trump Asks Supreme Court for DOGE Access to Social Security Data
The Trump administration is challenging a federal trial judge’s order blocking DOGE from having full access to personally identifiable information in the Social Security Administration database.
Taxes May 2, 2025
Trump Seeks to Squeeze Drugmakers’ Revenues to Pay for Tax Cuts
President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.
Payroll May 2, 2025
U.S. Payroll Gain of 177,000 Shows Tariff Uncertainty Yet to Dent Hiring
Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were revised lower, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.2%.
Taxes May 2, 2025
Trump Renews Vow to Strip Harvard of its Tax-Exempt Status
While he did not elaborate, President Donald Trump posted to his Truth Social feed early Friday: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!”
State and Local Taxes May 2, 2025
SALT Talks Stall as GOP Considers Limiting Tax Break to Middle Class
The $10,000 cap on SALT, one of the most contentious issues in the GOP debate on its giant tax bill, remained unresolved as lawmakers left Washington on Thursday.
Taxes May 1, 2025
An ‘Enormous’ Amount of Money at Stake if Trump Targets Harvard Tax Exemption
Harvard's conflict with the Trump administration may not just threaten its research funding. The president said that the university “perhaps” should lose the tax exemption it enjoys as an educational institution.
Taxes May 1, 2025
New Tax Cuts Mostly Favor the Rich Across States This Year
Most states' tax systems already put a higher tax burden on lower-income households, but that trend only accelerated in this year's legislative sessions, worrying advocates who want to see the rich pay a larger share.