Tag: tax

March 11, 2024

Republicans in the Senate reacted to President Biden’s $7.3 trillion 2025 budget request on Monday, criticizing it as a “liberal wish list” and “reckless.” Biden’s requested budget was revealed on Monday, detailing his plan to raise taxes on corporations and […]

January 31, 2024

The House of Representatives approved a major bipartisan deal to temporarily expand the child tax credit and revive a number of business tax breaks on Wednesday. The $78 billion tax bill passed in a 357-70 vote with wide support from […]

December 21, 2023

The coming IRS direct file pilot, which will allow taxpayers in certain states to file their taxes directly to the government, will require participants to verify their identity via ID.me, according to a new IRS blog post. That means that […]

November 28, 2023

The Internal Revenue Service has opened the window for industry to start working on and submitting bids for a potential seven-year, $1.9 billion blanket purchase agreement covering enterprise IT and related professional support services. Quotes for the multiple-award Enterprise Program […]

November 16, 2023

Sen. JD Vance, R-Ohio, is expected to send a letter Thursday morning to the IRS commissioner demanding a halt to “harassment” of conservative organizations. Vance’s letter comes after the IRS informed the American Accountability Foundation (AAF) in a letter, which […]

November 5, 2023

The rise in antisemitism at several American universities has led some Republican presidential hopefuls to call for the removal of federal funds from the colleges whose officials refuse to handle the issue appropriately. Harvard University and the University of Pennsylvania […]

October 13, 2023

Microsoft disputes the IRS’ claims and says it followed all rules and paid all the taxes it ever owed, both in the U.S. and around the world. The company also claimed that it has been one of the top U.S. […]

October 5, 2023

Massachusetts Gov. Maura Healey signed a tax relief package Wednesday that is designed to deliver $561 million in reductions to taxpayers and companies during the current fiscal year through a slew of credits and other measures aimed at lowering tax […]

September 12, 2023

The IRS is using artificial intelligence to identify complicated tax evasion schemes and focus its enforcement efforts for large partnerships, as part of a new compliance push announced Friday. “The IRS is deploying new resources towards cutting-edge technology to improve […]

August 2, 2023

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. The effort to reduce the exorbitant load of […]

June 19, 2023

Just six days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows two clashing visions for the U.S. economy. […]

May 16, 2023

The IRS announced plans on Tuesday to test a free, government-owned online system for taxpayers to file tax returns directly with the government. The news coincided with the public release of a congressionally-mandated report on the viability of a free […]

April 17, 2023

Taxpayer data may be vulnerable to inappropriate and undetected misuse or disclosure due to deficiencies in the IRS’ security program, according to an annual assessment of the agency’s information technology program. The Treasury Inspector General for Tax Administration published a […]

April 6, 2023

Tax Day for US citizens is approaching fast, and cyber-criminals are exploiting the April 18 deadline to increase their malicious campaigns against users and legit tax-filing services. The eFile.com online platform recently got caught in this tax-related cybercrime resurgence, becoming […]

March 8, 2023

Illegal immigration is now costing U.S. taxpayers $151 billion a year, marking a 30% increase in five years, according to a new study by a hawkish immigration group being released this week. The study, “The Fiscal Burden of Illegal Immigration […]

January 24, 2023

Democratic Gov. Laura Kelly is preparing to outline what she is likely to call a middle-of-the-road agenda for a Republican-controlled Kansas Legislature that already expects to ditch much of what she’ll propose in favor of more conservative ideas on taxes […]

November 11, 2022

Voters voiced their support for state and local ballot initiatives to fund transportation improvement projects when they went to the polls on Nov. 8., the American Road & Transportation Builders Association (ATBA) said. Of the 380 ballot initiatives in 18 […]

October 26, 2022

Record inflation is impacting all aspects of federal employees’ lives, including higher Federal Employees Health Benefits Program premiums. With an 8.7% average increase in enrollee share, the largest in the last 10 years, surefire ways to save money this Open […]

October 17, 2022

A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: […]

September 9, 2022

Student loan borrowers across the country could soon see up to $20,000 of their student loan debt forgiven in the massive handout announced by President Biden – but it still may come at a cost. State tax may be charged […]