Taxes April 8, 2025
That package includes previous levies applied because of the fentanyl crisis, his reciprocal tariffs, as well as an additional retaliation Trump announced after Beijing said it would tax U.S. exports to China.
Taxes April 8, 2025
Republicans are reportedly mulling the idea of creating a new top tax rate that would be around 39% to 40% as a way to offset some of the costs of their tax package.
Taxes April 8, 2025
The total income tax for the top 1% is more than $50 billion in four states, according to a GOBankingRates report—California ($122 billion), Florida ($96 billion), Texas ($81 billion), and New York ($79 billion).
Taxes April 7, 2025
The IRS issued a reminder on April 4 that those who are filing from areas where disaster declarations took place in 2024 get until May 1 to file.
Taxes April 7, 2025
More than 61.5 million Americans have received their annual tax refunds from the IRS, with the average filers getting back about 4% more than they did last year.
Taxes April 7, 2025
The Senate passed a measure April 5 that allows congressional Republicans to craft legislation to extend Trump’s 2017 tax cuts for individuals and closely held businesses that expire at the end of 2025.
IRS April 4, 2025
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it.
General News April 4, 2025
Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.
Taxes April 4, 2025
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
Taxes April 3, 2025
President Donald Trump, in the wake of his sweeping tariffs announcement on Wednesday, took a victory lap Thursday morning, posting on Truth Social that he had saved the American economy.
Taxes April 3, 2025
These are the nations, many of them staunch U.S. allies, that President Donald Trump has claimed take advantage of the U.S. through unfair trade practices.