Taxation

Trump’s Latest Tax Idea: Americans Might Never Pay Income Taxes Again

During a cabinet meeting this week, President Donald Trump raised eyebrows by suggesting that Americans may no longer have to pay federal income tax in the near future. According to…

Trump tax idea

Trump Wants to Abolish Income Tax—But Can Tariffs Really Pay for It?

U.S. President Donald Trump has renewed his proposal to drastically reduce, and even eliminate, the federal income tax, positioning tariffs as the solution to replace the revenue generated by traditional…

Trump’s $2,000 ‘Dividend’

Trump’s Tax Overhaul Could Threaten Charitable Giving—Is the Middle Class Ready to Step In?

As the Trump administration's tax reforms take hold, there’s growing concern about how changes will impact charitable giving in the U.S. Wealthy individuals, long the backbone of American philanthropy, stand…

Donald Trump charity tax

Big Relief for 940,000 Families: How a New Tax Credit Is Changing the Game!

Pennsylvania's new budget, signed into law by Governor Josh Shapiro, introduces a groundbreaking earned income tax credit, offering nearly $193 million in relief to the state’s working families. The move…

Tax credit change

How to Minimize Taxes on Your $1 Million Retirement Account RMD

Navigating taxes on your retirement account's RMD doesn’t have to be complicated. With the right approach, you can minimize your tax burden and keep more of your savings. Discover proven…

Retirement RMD

The Tax Rebate Program That Delivers Up to $1,500 to Eligible Households

New York's Tax Rebate program provides relief for homeowners facing rising property taxes. Learn about the benefits and eligibility criteria.

Tax Rebate

IRS Announces New Tax Break for Tips in 2025: Which Jobs Qualify?

Starting in 2025, the IRS will introduce a tax break allowing certain workers to deduct tip income. Discover which unexpected jobs may qualify for this new benefit.

IRS

IRS Tax Refunds Still Coming in September 2025 Who Is Affected

Thousands of Americans are still waiting for their IRS tax refunds in September 2025. Several factors could be behind these delays, affecting when refunds are issued.

IRS

Georgia Surplus Tax Refund 2025: Everything You Need to Know

The Georgia Tax Refund program for 2025 offers eligible residents a one-time payment based on their filing status. Payments have already started, but some taxpayers are still awaiting their refunds.…

Tax Refund

Retirees Could See Tax Relief as New Bill Targets Social Security Taxation

A new proposal in Congress could remove federal taxes on Social Security benefits, potentially giving retirees more financial freedom. The You Earn It, You Keep It Act would provide tax…

Retirees Tax Relief

IRS Delays Withholding Changes, Signaling Larger Refunds for Many Taxpayers in 2026

The IRS is preparing updated forms and guidance for 2026 to address new rules on tips and overtime pay under recent tax changes.

IRS

SSA Announces 2025 Changes With Payment Increase, New Tax Break

In 2025, the SSA will roll out updates impacting millions, including payment adjustments, tax changes, and new delivery methods.

Social security administration sign illuminated with flag

How to Receive a $1,390 IRS Payment This Summer

A $1,390 stimulus check is set to be issued by the IRS in mid-summer 2025, offering support to those facing financial challenges. Details on eligibility and payment methods remain limited…

IRS Form 941-V Payment Voucher

IRS Considers Cutting Multilingual Tax Services, Impacting Non-english Speakers

The IRS is evaluating the potential removal of multilingual tax services, a move linked to President Trump's executive order establishing English as the official language. This decision could create challenges…

Stack of Coins with USA America Flag on Dollar Banknotes. Credit Canva

Did Trump Really End Social Security Benefit Taxes? Here’s What the Numbers Show

President Trump pledged to end taxes on Social Security benefits for seniors, a move that won widespread attention during his campaign. Now, a new deduction has arrived, but the math…

Trump Social Security tax

The IRS Checklist Every Newlywed Should Follow to Avoid Tax Issues

Newlywed? The IRS has important tips to avoid tax filing regrets. Follow this simple checklist to ensure a smooth process come 2026.

IRS

IRS Extends Tax Deadlines in These States – See If You Qualify for Relief

The IRS has quietly extended key tax deadlines for residents in several disaster-affected states. A new date has been set, and it could make a big difference for those still…

IRS

IRS Quietly Targets Car Sales With This Surprising Rule

Selling your car might come with more than just extra cash. A little-known IRS rule could turn that deal into a taxable event. Many drivers overlook this until it's too…

IRS

No More Taxes on Your Retirement Check? New Law Stuns Seniors

A new federal law quietly changes how taxes apply to Social Security checks. Millions of retirees may notice more money staying in their pockets. The unexpected shift is already drawing…

Taxes

You Filed an Amended Tax Return? Here’s Why You Still Haven’t Heard Back from the IRS

The announcement is part of a broader effort by the IRS to address ongoing concerns about delays and confusion surrounding amended tax return processing.

Tax Return

Trump’s Big Beautiful Bill: No Tax on Tips, Overtime, and Social Security Explained

The latest bill under President Trump promises major tax changes that could impact millions. With provisions eliminating taxes on tips, overtime pay, and some Social Security benefits, these reforms are…

Trump big beautiful bill

The Trump Tax Bill: Wealthy Americans Stand to Gain $6,055

The latest tax bill is shaking things up with major benefits for the wealthiest Americans. While the top 20% stand to gain over $6,000, the rest of the country may…

Bill

Trump’s $4.5 Trillion Tax Bill Advances in Senate Amid Controversy

President Trump’s sweeping tax-cut and spending bill has cleared a crucial Senate hurdle, moving closer to passage. The legislation, which would extend tax cuts and fund military and border security…

Trump tax bill

Nearly 3 Million New Yorkers Are Getting a Tax Relief Check – Here’s How Much You’ll Get!

Nearly 3 million New Yorkers will soon receive a property tax relief check as part of a $2.2 billion initiative. Find out how much you could get and when the…

tax relief

IRS Reminder: June 16 Tax Deadline for Quarterly Payments

The IRS is reminding taxpayers that the second quarterly payment deadline of the year is fast approaching on June 16. Those with income not subject to withholding, such as freelancers…

IRS (Internal Revenue Service) word from wooden blocks

‘No Tax on Tips’: What Waiters, Drivers, and Diners Need to Know

A new tax proposal aims to exempt tips from federal income tax, potentially boosting earnings for millions of restaurant and delivery workers. While this change could increase take-home pay, it…

US Tips

Senate Unanimously Approves No Tax on Tips Act, a Major Win for Tipped Workers

The Senate has quickly passed the No Tax on Tips Act with unanimous support, marking a rare bipartisan agreement. This new legislation offers significant tax relief for millions of workers…

US No Tax on Tips Act

Missouri Advances Bill to Allow Tax Payments in Gold and Silver

A new Missouri bill could let residents make tax payments in gold and silver through digital platforms. Lawmakers say the move promotes financial freedom and currency diversification.

Gold bullion ingot bar

Tax Tips for Newlywed Couples and First-Time Parents

Newlyweds and new parents should stay informed about the tax credits and deductions available to maximize their benefits. Consulting a tax professional can help avoid surprises during tax season.

Tax Tips for Newlywed Couples and First-Time Parents

IRS Confirms $3,000+ Refunds for Millions—Check Your Tax Return Date

Thousands of Americans are seeing surprise IRS deposits hit their accounts this week. A specific filing window is triggering payouts as high as $2,600.

irs tax refund

Haven’t Filed Your 2021 Tax Return? You Might Be Missing Out on a COVID Stimulus Check

The IRS is distributing $2.4 billion to taxpayers who missed claiming the Recovery Rebate Credit. Payments will be automatically issued to those who qualify, with no action required from recipients.

Haven’t Filed Your 2021 Tax Return? You Might Be Missing Out on a COVID Stimulus Check

Here’s How To Avoid IRS Audit Mistakes That Cost You Money

Certain tax returns attract more IRS attention than others, often for reasons that can be avoided. Knowing what the agency looks for is key to staying under the radar.

Avoid IRS Audit Mistakes That Cost You Money

Montana Moves to Shift Tax Burden from Homeowners to Second-Home Investors

Montana is considering a major tax shift that could ease the burden on homeowners while raising costs for second-home owners.

What Trump’s Auto Loan Tax Plan Means for Your Wallet

Trump's tax deduction plan for car loans sparks debate. Critics warn it benefits the wealthy, but its full impact remains uncertain.

Trump Pushes New Tariffs and Deep Cuts in Fiery Speech to Congress

In a speech that felt more like a campaign rally than a congressional address, Trump doubled down on his most controversial policies. He vowed to push ahead with sweeping tariff…

Trump congress

Why is Trump ordering a tariff probe into US copper imports?

A new trade investigation targets foreign copper imports, signaling potential economic shifts. The move raises concerns for key suppliers and global markets.

The Two Death Taxes Everyone Should Understand

Death doesn’t end taxation. Certain estates and inheritances may still be subject to levies, depending on where they are located.

Tax Cuts at the Heart of US Government Shutdown Deadline

As the March 14 deadline nears, US lawmakers scramble to find common ground on tax cuts and budget issues. The debate intensifies over funding priorities, including military and border security,…

Capitol tax cuts

IRS Layoffs Slash Enforcement, Giving Wealthy Tax Dodgers a Free Pass, Experts Warn

The IRS is slashing thousands of jobs, including those tasked with cracking down on wealthy tax dodgers. As the government faces mounting budget pressures, experts warn these cuts could cripple…

The IRS

Massive Government Layoffs Hit Thousands Just Weeks Before Tax Deadline

A major government restructuring is underway, with thousands of employees losing their jobs at a critical moment. The layoffs, hitting just before the busiest time of the year, could have…

Donald Trump IRS tax

EITC Payments Are Coming in March – Here’s How to Claim Yours Fast

Millions of Americans miss out on the Earned Income Tax Credit (EITC) each year, leaving billions of dollars unclaimed. Filing early and avoiding common mistakes may speed up refunds.

IRS Tax Returns

IRS Under Fire as DOGE Seeks Direct Access to Millions of Taxpayer Records

Elon Musk’s DOGE is seeking access to the IRS’s tightly controlled taxpayer database, a move that could expose millions of financial records. The White House backs the effort, claiming it…

IRS DOGE

How to Legally Lower Your Income Taxes in Retirement—Strategies You Need to Know

As tax season approaches, retirees have several strategies at their disposal to lower their taxable income and reduce their 2024 tax bill. From IRA contributions to taking advantage of healthcare-related…

Retiree income IRA

IRS Refund Dates for February 2025: Find Out When Yours Will Arrive

Tax season is here, and the IRS has released its February refund schedule. Some key dates could make all the difference in when your payment arrives.

IRS Refund

Hochul and Gillibrand Warn New Yorkers of Tax Hikes If Trump Cuts Department of Education

New York leaders sound the alarm on a looming financial squeeze, warning of major tax hikes ahead. Billions in education funding could disappear, leaving local communities scrambling. As federal cuts…

Hochul Gillibrand New Yorkers Tax Hikes Trump Cuts Department of Education

U.S. Tariff Shock: Trump Targets Steel, Aluminum, and More in New Trade Policy

The U.S. is escalating its trade war as Trump announces sweeping tariffs on steel and aluminum imports. Major trading partners, including Canada and Mexico, are caught in the crossfire. Markets…

Trump tariff on steel and aluminum

IRS Just Made It Official: Thousands of Taxpayers Can No Longer File Tax Returns

IRS Rejects Thousands of Tax Returns! A sudden rule change is now in effect, leaving many Americans unable to file as expected. Taxpayers are scrambling to understand the new restrictions.…

IRS Tax Returns

IRS Introduces New Measures to Enhance Tax Filing Security in 2025—See If You Qualify for Extra Cash

The IRS is rolling out new security measures for the 2025 tax season, aiming to reduce fraud and streamline filings. Key updates include stricter documentation rules and a crackdown on…

IRS Introduces New Measures to Enhance Tax Filing Security

New Social Security Tax Bill Could Save Retirees Money—but There’s a Catch

Lawmakers are considering a new bill that could change how Social Security benefits are taxed—but will it actually help retirees? The proposal aims to eliminate federal income tax on benefits…

New Social Security Tax Bill

Tax Season Has Begun—Find Out Exactly When You’ll Get Your Refund

Tax season is officially underway, and millions are wondering when their refunds will arrive. While the IRS has provided general timelines, some factors could speed up—or delay—your payment. A new…

irs tax returns