Taxes March 25, 2025
IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System
Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.
Payroll March 24, 2025
AARP Calls Latest Social Security Changes ‘Deeply Unacceptable’
As the Social Security Administration prepares to make major changes in how beneficiaries prove their identity, the AARP is asking the agency to reconsider the plan.
IRS March 20, 2025
IRS Probationary Employees Who Were Laid Off Get Reinstated—But Put on Paid Leave
"You are being reinstated to your previous position immediately," an email to fired IRS probationary workers said. "While you are being reinstated to federal service, you are also being placed on Administrative Leave. You should not report to duty or perform any work until receiving further guidance."
IRS March 20, 2025
IRS Acting Chief Counsel William Paul Demoted in Favor of Trump Ally
New acting chief counsel Andrew De Mello, an IRS attorney, was nominated by President Trump during his first term in the White House to be inspector general of the Education Department but wasn't confirmed.
Taxes March 20, 2025
Trump Administration Confirms It Will Ask IRS for Information on Undocumented Taxpayers
The Trump administration acknowledged on March 19 in federal court that it is seeking confidential information from the IRS on immigrants, which could result in the deportation of undocumented immigrants.
Taxes March 17, 2025
Examining the Impacts of President Trump’s ‘Unleashing American Energy’ Executive Order on Clean Energy Tax Credits
Since the “Unleashing American Energy” and “Regulatory Freeze Pending Review" executive orders were issued, there has been much speculation on how they will impact green energy funding and incentives—especially via tax credits—in the Inflation Reduction Act.
Taxes March 14, 2025
Trump Mulls Eliminating Income Taxes for People Who Earn Less Than $150,000
In a Tuesday night CBS interview with U.S. Commerce Secretary Howard Lutnick, the federal official stated President Trump hopes to eliminate income taxes for people who earn less than $150,000 a year.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Payroll March 14, 2025
Judge Orders Federal Agencies to Reverse Layoffs
A federal judge in California on March 13 ordered six agencies to reinstate the employment of probationary employees who were fired by the Trump administration.
Payroll March 12, 2025
Social Security Resumes Policy for Collecting Benefits Paid in Error
The Social Security Administration said it was acting in the interest of fiscal responsibility. Advocates for Social Security beneficiaries described the action as cruel and harmful.
IRS March 10, 2025
House Unveils Trump-Backed Bill to Avert Government Shutdown
The bill would claw back $20.2 billion in spending for the Internal Revenue Service passed as part of President Joe Biden’s signature green-energy Inflation Reduction Act.
Small Business March 6, 2025
Trump Suspends Tariffs on Most Mexican Products For One Month
In a post on Truth Social, President Trump said he would delay for one month the imposition of 25% taxes on Mexican imports that fall under a free trade agreement that he negotiated during his last term.