Newsweek, Jasmine Laws, 41/25 SOURCE: https://www.msn.com/en-us/news/politics/irs-tax-mistake-bill-passes-us-house-in-win-for-taxpayers/ar-AA1C3Idj?ocid=msedgntp&pc=U531&cvid=81a806223b834d8d938a8787339d0aaf&ei=15 The U.S. House of Representatives has passed a bill, which received bipartisan support, that seeks to make the Internal…
Story by Rhian Lubin, The Independent, 3/22/25 SOURCE: https://www.msn.com/en-us/money/taxes/irs-braces-for-500bn-drop-in-revenue-as-taxpayers-skip-filings-in-wake-of-doge-cuts-at-agency/ar-AA1BsmTR?ocid=msedgntp&pc=U531&cvid=a758860a849e409b9b6ee987883e51f4&ei=447 The IRS is bracing for a $500 billion drop in revenue as an increasing number of taxpayers…
Story by Jared Dillian, Reason, 3/17/25 SOURCE: https://www.msn.com/en-us/money/personalfinance/new-income-tax-proposal-is-progressive-and-unworkable/ar-AA1B5HLh?ocid=msedgntp&pc=U531&cvid=8d353448c01c40e292a868a99a3305ac&ei=32 Secretary of Commerce Howard Lutnick recently announced on CBS News that the Trump administration wants to eliminate income taxes for…
Story by Robert Thorpe, Newsweek, 3/7/25 SOURCE: https://www.msn.com/en-us/money/companies/map-shows-states-with-most-irs-offices-expected-to-close-after-doge-cuts/ar-AA1Atu2L?ocid=msedgntp&pc=U531&cvid=998b33e3a0bd4543bc7eb8ddac2f19c4&ei=21 In a sweeping move to reduce federal expenditures, the Department of Government Efficiency (DOGE) has identified numerous Internal Revenue…
Story by Ariana Baio and Fatima Hussein, The Independent, 3/5/25 SOURCE: https://www.msn.com/en-us/money/taxes/irs-planning-to-cut-nearly-50-000-jobs-in-the-middle-of-tax-season/ar-AA1AiZaV?ocid=msedgntp&pc=U531&cvid=1a55b927b21440579b1d6671633e4f49&ei=64 The IRS is preparing to slash its workforce by up to 50 percent through…
Investing.com, 2/14/25 SOURCE: https://www.msn.com/en-us/money/companies/irs-set-to-layoff-thousands/ar-AA1z5haG?ocid=msedgntp&pc=U531&cvid=f19cb9aacb4c47eac7892ad4b7ab3e87&ei=21 Investing.com — The U.S. Internal Revenue Service (IRS) is set to lay off thousands of employees next week, according to a…
Story by Hugh Cameron, Newsweek, 1/28/25 SOURCE: https://www.msn.com/en-us/money/taxes/could-donald-trump-replace-the-irs-with-tariffs-economists-weigh-in/ar-AA1y0ZEo?ocid=msedgntp&pc=U531&cvid=380f753ec76c4423a451012e54c6edcb&ei=62 President Trump’s frequent suggestion that he could eliminate the federal income tax and instead finance the government through…
Story by Maite Knorr-Evans, AS USA, 12/13/24 SOURCE: https://www.msn.com/en-us/money/taxes/goodbye-to-the-irs-s-tax-brackets-here-are-the-new-limits-that-will-boost-your-savings-in-january-2025/ar-AA1vOwct?ocid=msedgntp&pc=U531&cvid=6919361491ba49eebe518843248baa9c&ei=57 ax season is approaching rapidly, with the US Internal Revenue Service (IRS) set to begin processing tax…
Story by bmetzger@insider.com (Bryan Metzger), Insider, 12/12/24 SOURCE: https://www.msn.com/en-us/news/politics/29-house-republicans-want-trump-to-scrap-the-irs-s-free-direct-tax-filing-tool-on-day-one-of-his-presidency/ar-AA1vGkwP?ocid=msedgntp&pc=U531&cvid=115f424b4b974db1899e9bccf2be2003&ei=21 More than two dozen House Republicans are asking President-elect Donald Trump to terminate the Internal Revenue Service’s (IRS)…
Story by Sareen Habeshian, Axios, 11/15/24 SOURCE: https://www.msn.com/en-us/news/politics/how-trump-can-impose-tariffs-without-congress/ar-AA1u722t?ocid=msedgntp&pc=U531&cvid=956be592ea274252af992185f693f900&ei=28 President-elect Trump has vowed to impose sweeping tariffs with or without the support of Congress. The big picture: While setting tariffs is…
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