Albany’s wealthy tax advocates faced setback due to NYC Council’s budget plan.
Albany Budget Debate Heats Up Without Tax Hikes ALBANY – A wave of frustration swept over Albany’s “tax the rich” advocates on Wednesday when the New York City Council unveiled a budget alternative that doesn’t involve raising taxes, going against Mayor Zoran Mamdani’s initial plan. Despite missing the April 1 budget deadline, the liberal group […]
IRS staffing has decreased by 27% this year. Here’s what that means for your tax refund.
This year’s tax season brings some changes, notably under the One Big Beautiful Bill Act (OBBBA). However, you might find that your refund takes a bit longer to arrive this time around. The IRS is set to have 27% fewer employees by 2026 compared to last year, which could slow down the processing of around […]
Elizabeth Warren’s wealth tax will make everyone worse off.
Congressional Democrats Eye Wealth Tax Amidst Exodus Concerns It’s quite interesting, really. Congressional Democrats, who previously dismissed President Donald Trump’s border wall plans, are now looking to establish an economic barrier to curb American migration. Last week, Senator Elizabeth Warren (D-Mass.) proposed a bill aimed at implementing the first wealth tax in the U.S. This […]
As the deadline for Cook County property tax bills approaches, many are expecting $186 million in refunds following the Tyler Technologies upgrade.
Delays in Cook County Property Tax Refunds The ABC7 I-Team is looking into significant delays in processing property tax refunds for Cook County residents. Local officials are criticizing private companies for their recent computer system upgrades. While these systems have been fixed for sending out property tax bills, the same cannot be said for refunds. […]
IRS advises certain workers to submit corrected tax filings due to errors in overtime pay calculations
IRS Alerts Employees About Wage Calculation Issues In recent weeks, the IRS has informed several employees that there were errors in how their wages were reported on their tax forms, prompting them to consider filing amended returns. This situation revolves around mistakes with the non-taxable portion of overtime wages. The “One, Big Beautiful Bill Act,” […]
Facing IRS debts? Ways to lower your tax liability through relief programs and payment plans
If you have a stack of unopened letters from the Treasury, it might be time to reconsider your approach. Ignoring them isn’t going to help; in fact, you’re just prolonging the inevitable. Let’s be real: managing finances right now feels like a tight squeeze. Groceries are costing more, and tax season is right around the […]
10 tax errors related to side jobs that can lead to IRS penalties and audits
Understanding Side Hustle Income and Taxes You didn’t jump into starting an Etsy shop or picking up shifts on DoorDash because you crave paperwork, right? Most people, like me, found it necessary as living costs soared. But, oh, that sudden realization in mid-April is a bit unsettling—when you register that the $15,000 you hustled for […]
Action Network initiates $10 million advertising campaign for Republican tax cuts legislation
Tax Cuts Promoted by Republican Advocacy Group Conservative advocacy groups aligned with House Speaker Mike Johnson are investing heavily in promoting tax cuts through the Working Families Tax Cuts Act. On Tuesday, the American Action Network (AAN) unveiled a $10 million advertising campaign that will run across the nation until the April 15 tax filing […]
Mike Johnson promotes deduction for workers with ‘no tax on tips’ before Tax Day
Tax Cuts Highlighted Ahead of Tax Day As Tax Day approaches, House Speaker Mike Johnson (R-Louisiana) is emphasizing tax cuts enacted by Republicans last year, aimed at increasing take-home pay for many Americans. Bob Mitchell, an Uber driver from South Florida, shared his experience with Johnson about a new “tax-free” deduction that led to a […]
GOP candidate Bruce Blakeman criticizes Mamdani’s ‘death tax’ plan
Republicans Oppose NYC Mayor’s Inheritance Tax Proposal Republican gubernatorial candidate Bruce Blakeman, along with other state-level candidates, strongly criticized New York City Mayor Zoran Mamdani’s plan to significantly raise the inheritance tax, arguing that it would adversely affect middle-class families. On Monday, they unveiled a strategy to thwart the proposal. The Democratic Socialists aim to […]