Time is running out to take advantage of the new senior tax deduction
Changes to Tax Law Affecting Older Adults Starting with the 2025 tax year, notable changes have been introduced to the tax law. One significant adjustment targets seniors, specifically those aged 65 and older, who will benefit from a new tax break that could lead to considerable savings. Retirees should pay attention to this new tax […]
California governor candidate Matt Mahan calls for the abolition of the state’s gas tax
San Jose Mayor Calls for Gas Tax Suspension in California Matt Mahan, the Mayor of San Jose and a candidate for governor of California, has urged the state to temporarily pause gas taxes to ease the financial burden on drivers facing high fuel prices. “Working families often find themselves making tough choices between rent, groceries, […]
Seahawks general manager cautions that the new state income tax may affect free agent acquisitions.
Seahawks GM Discusses Tax Changes and Free Agency Concerns John Schneider, the general manager of the Seattle Seahawks, recently commented on a decision made by the Washington State Legislature that may complicate the team’s efforts to maintain its Super Bowl champion status. Starting in 2028, a new 9.9% tax will be applied to high-income earners, […]
Mamdani’s tax and spending proposals cause concern among NYC bond investors
When Mayor Mamdani took office in January, he was confrontational with New York City’s financial sector, all while aiming to revamp the city’s economy through socialist initiatives. However, the situation seems to be shifting rapidly. Municipal bond investors are now selling New York City bonds, which has led to falling prices and rising interest rates, […]
Tax Preparer for Migrants Sentenced for Scheme Involving $14 Million in PPP Loan Fraud
In Chicago, a Palestinian immigrant was sentenced to 10 years in federal prison for a scheme involving kickbacks linked to fraudulent PPP loan applications, totaling $14 million. Shalhabir Shreite, 46, received a 120-month sentence, which marks the longest term issued in Chicago’s U.S. District Court related to the Paycheck Protection Program (PPP) initiated during the […]
IRS changes to paper checks cause tax refund delays for over 830,000 taxpayers.
Tax Refund Updates: Increased Payments, Paper Check Delays This tax season, many Americans are seeing larger refunds. However, others are facing delays as the IRS shifts away from issuing paper checks. Recently, Democrats from the House Ways and Means Committee reached out to Treasury Secretary and Acting IRS Commissioner Scott Bessent regarding over 830,000 notices […]
Tax Cuts from Trump Increase Earnings and Savings
Disposable Income Rises in January Amid Tax Cuts In January, American disposable income saw a significant increase as tax cuts initiated by former President Trump’s legislation began to impact paychecks. This trend also led to a boost in personal savings rates while consumer spending seemed to take a backseat, as reported by the U.S. Bureau […]
John Schneider of the Seattle Seahawks warns that the ‘millionaires tax’ will be felt strongly.
Seahawks Face Challenges Ahead The Seattle Seahawks, fresh off their second Super Bowl victory, may encounter hurdles. Interestingly, it’s not the typical championship hangover one might expect. General manager John Schneider highlighted concerns regarding a new “billionaire tax” that is awaiting the signature of Democratic Governor Bob Ferguson. He warned that this tax could significantly […]
Many Americans might be entitled to a tax refund due to COVID. Here’s how to claim it.
Updated March 13, 2026, 8:28 a.m. ET While many Americans might prefer to leave the COVID-19 pandemic in the past, tax accountants suggest it might be worthwhile to revisit that time. Why? You could be eligible for a tax refund from the IRS. When a federally declared disaster happens, certain tax laws take effect. According […]
A new tax credit won’t solve what Sunday schools once taught.
The Challenge of Homeownership for Young Americans For many young people, the dream of having a garden, a picket fence, and a place in the neighborhood seems increasingly unattainable. Policymakers often view this primarily as an affordability issue—prices, interest rates, and down payments are critical. Yet, the underlying problem seems to stem more from familial […]