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House GOP bill aims at hiring more border agents with funds redirected from IRS

First on FOX – Congresswoman Claudia Tenney (New York) is introducing a bill that would direct funds from the Internal Revenue Service (IRS) to hire more Border Patrol agents at the U.S.-Mexico border. It has been submitted. Entitled the “Directing IRS Resources to Today's Emergency Crisis Act,'' or the “DIRECT Act,'' the bill would “cancel […]

60 Boston Workers Quit After IRS Flags False Tax Data

About 60 employees at a Boston-area bakery and restaurant chain have quit after receiving a warning from the IRS about possible fraud on their tax returns. Tatte Chain said the employees quit after being contacted by the Internal Revenue Service about “discrepancies” in the employees' documents where their names, social security numbers and home addresses […]

Crypto Gains Momentum As IRS Abolition Hits Congressional Agenda – Bitcoinist

One of the biggest changes for cryptocurrencies may be the possible abolishment of the Internal Revenue Service. At least, that's the proposal being pushed by U.S. lawmakers. Congressman Earl “Buddy” Carter has caused controversy with his latest plan to abolish the IRS and replace the current U.S. tax code with a national sales tax. This […]

IRS is sending money to 1 million taxpayers. Are you 1 of them? – The Dallas Morning News

Some American taxpayers will receive a surprise financial aid by the end of January. The Internal Revenue Service announced it will provide new stimulus payments worth $2.4 billion to Americans who missed previous payments. The agency announced it has discovered nearly 1 million eligible taxpayers who never claimed the Recovery Rebate Credit on their 2021 […]

IRS 2025 Tax Bracket Changes Could Be a Win for Your Paycheck – CNET

Now in 2025, Internal Revenue Service Updated Income Tax Classifications And a higher standard deduction went into effect. Depending on your income level, these changes could increase your paycheck or increase your tax bill next year. If you fall into a lower tax bracket this year, you'll pay a lower tax rate and could see […]