Trump administration prolongs tax deadlines for DHS employees as the shutdown continues.
Tax Filing Deadline Extended for DHS Employees Amid Shutdown The Trump administration has decided to prolong the tax filing deadline for employees of the Department of Homeland Security (DHS) due to the ongoing government shutdown, which is putting financial strain on numerous federal workers. According to announcements from the Treasury Department and the Internal Revenue […]
Error led to smaller refunds for over 50,000 New York tax returns
Tax Refund Issues Affecting New York Residents ALBANY — Over 50,000 taxpayers in New York who filed early faced unexpected problems with their tax refunds. Many discovered that their refunds were lower due to errors, while others received notices demanding additional payments. This controversy began in early March when the state’s Department of Taxation and […]
Survey on billionaire tax raises serious concerns for Gavin Newsom’s presidential prospects
California Governor Newsom Faces Tax Dilemma Amid Poll Results California Governor Gavin Newsom is grappling with a potential conflict as he navigates his stance on a proposed tax targeting billionaires while aiming to maintain support from left-leaning voters ahead of the 2028 presidential election. Recent polling data, released Tuesday, sheds light on this challenging situation. […]
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 […]