News

The Law Bars Trump From Threatening Harvard’s Tax Exemption
Nixon plotted to use the IRS to target his political enemies. Congress passed a statute to prevent that.
Feds’ latest tool in push to curb immigration: Workers’ tax IDs
The agreement will allow the immigration agency to submit the names and addresses of people living in the United States ...
The IRS Dropped Paper Checks—How This Affects Your Tax Refund
The U.S. Treasury is phasing out paper checks by September 2025. Here’s how this change could impact your next IRS tax refund ...
2025 tax season: What do returns look like so far this year?
New data from the Internal Revenue Service shows that the average tax refund amount is up over 3% from a year ago, though the ...
Bessent says $2 billion cut from IRS technology budget without disruptions
U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information ...
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IRS prepares more tax refunds this week
As tax season unfolds, the anticipation of receiving a tax refund from the IRS grows for many Americans. This extra income ...
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GOP eyes endowment tax hike in escalation of Ivy League feud
Trump’s 2017 tax package, which Republicans are moving to renew, implemented an endowment levy of 1.4% on net investment ...
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IRS could deduct 10% of your salary
The IRS is set to implement changes in retirement savings plans, automatically enrolling workers in plans like 401(k) and 403 ...
After mass layoffs, IRS to plug holes with AI
The Internal Revenue Service (IRS) has plans to take advantage of the "AI boom" to fill glaring workforce gaps, following the layoff of thousands of tax agents.