Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions
The US loses its estimate $1 trillion unpaid taxes each year. This only gets worse if you cut staff at Internal Revenue Services. Supporters who reduce the IRS Make a claim Reducing the bureaucracy is saving taxpayers dollars, and the reality is that weakening the IRS broadens tax gaps, widens tax gaps, and the burdens […]
House GOP advances budget framework for border, energy and tax priorities for final vote
WASHINGTON – House Republicans advance budget frameworks through the committee on Monday, pursuing spending priorities on border, defense and energy initiatives, and setting a final vote to expand President Trump's 2017 tax cut package I did. All nine GOP members of the House Rules Committee approved Blueprints We will close the total increase at $4.5 […]
6,000 IRS employees just got the ultimate tax write-off: Their jobs
President Donald Trump not only suggested abolishing the IRS altogether, but also announced that nearly 6,000 employees at the agency will be let go. Sarah Gonzalez I'm excited that “Sara Gonzalez is not filtered” to say the least. “Democrats warn that losing such a large number of employees could disrupt the ability of Americans to […]
Companies unprepared for new tax tradeoff in 2025
Tax trade-offs are once again on the horizon, and most businesses are not ready. The world is quickly re-equipped with the Trump administration's mixed chaos. Companies are tackling growing uncertainty, hoping to throw another tax winding, and are holding their breath as a new trade war begins. We had been following this path before. Many […]
Liz Weston: Medicare recipient should spend down their HSA to avoid heir’s tax burden – OregonLive
Dear Liz: I use Medicare, but I also have a health savings account with a fair market value of over $9,000. Can I spend this on prescriptions, eye care, etc.? I hate wasting this money. My wife passed away and it sat there for a while. answer: You can't contribute to HSAs after using Medicare, […]
Is my tax and Social Security data safe from DOGE? Safeguard these sensitive records. – USA TODAY
If you follow the news, you've probably read about government efficiency and its seemingly bottomless terrorist invasion, including its potentially sensitive tax and social security records. Elon Musk's cost-cutting campaign sparked fear about the data itself. Simultaneous mass layoffs of government workers could result in fewer trained hands available to protect records. Some security experts […]
Buffett touts Berkshire’s record tax payments, urges government to spend wisely
Brian Belski, chief investment strategist at BMO Capital Markets, discusses whether market pullbacks are something investors should be concerned about making money. Warren Buffett, chairman and CEO of Berkshire Hathaway, released his annual letter on Saturday. This promoted the company's record-breaking tax payments last year, prompting the federal government to spend money wisely. When Buffett […]
Georgia gun sales tax holiday latest | FOX 5 News
The state senate passed a bill that would create a sales tax holiday for firearms purchases in Georgia. The bill passed along party … source
The IRS is firing thousands of workers. Will it affect your tax refund?
(Nexstar) – As the IRS fired thousands of employees on Thursday, many Americans may wonder whether their tax returns or refunds will be affected. Government officials who asked to remain anonymous confirmed news that the IRS culled 6,700 employees to Nexstar News Nation. This represents the latest mass churn amid the ongoing purge of federal […]
IRS warns taxpayers of ‘significant changes’ this tax season: Here’s why – PennLive
The Internal Revenue Service (IRS) encourages taxpayers to make “essential preparations” and recognize “significant changes” that could affect their 2024 tax returns. The 2025 tax season begins on January 27th, with some taxpayers already beginning to file tax returns with the IRS. Above February 19ththe IRS has released annual updates “Tax Time Guide”“This instructs taxpayers […]