Medicaid Shuts Down Tax Loophole, Saving Billions for Taxpayers
President Donald Trump’s administration is taking steps to close a longstanding loophole in Medicaid funding that officials argue shifts significant costs from states to federal taxpayers. Why is it Important This week, the Centers for Medicare and Medicaid Services (CMS) finalized a rule intended to eliminate what it refers to as a “funding gimmick” in […]
Trump files lawsuit against IRS for $10 billion regarding tax return disclosure
Good morning! Are you focusing more on your health these days? While you might have come across the “75 Hard” challenge, the “75 Soft” trend presents a softer approach that’s worth considering. Now, let’s dive into the news. What you need to know As President Trump faces backlash regarding his immigration policies in Minnesota, tensions […]
When you can expect your tax refund from the IRS
NEW YORK — It’s that time of year again—tax filing season has begun, and the IRS anticipates around 164 million people will file their returns by April 15. Last year, the average refund was approximately $3,167. Analysts suggest it could increase by about $1,000 this time around, thanks to updates in tax laws. In the […]
Michigan family brings home seizure case to Supreme Court regarding $1,600 tax
Michigan Family Takes Property Rights Battle to U.S. Supreme Court A family in Michigan claims they’ve lost their home over what they describe as a minor tax disagreement, and they are now bringing their case to the U.S. Supreme Court. The estate of Scott Pung argues that officials in Isabella County engaged in “home equity […]
Tomas Philipson: Congressional Figures Attempt to Undo Trump’s Tax Reductions
Recently, President Donald Trump ignited a nationwide discussion by expressing his desire to limit interest rates on credit cards. There are concerns that such regulations might negatively affect lower-income individuals by restricting access to high-risk credit options. The Republican Party is split on this issue—supporters and opponents alike have valid points. Yet, it’s clear Trump […]
IRS encounters significant challenges this tax season, report indicates. What about my refund?
January 29, 2026, 4:32 PM ET Erin M. Collins, the National Taxpayer Advocate, highlighted possible challenges for the upcoming 2026 tax season in her annual report for 2025. This season, millions of taxpayers will notice a significant shift as the IRS moves away from issuing paper checks. As we approach the 2026 tax season, there’s […]
New tax cuts expected to increase household refunds during the largest refund season to date
Trump Administration Anticipates Record Tax Refunds for 2026 As the 2026 tax season kicks off, the Trump administration is optimistic about a significant increase in tax refunds for American taxpayers. This week, White House officials revealed that millions of families could see much larger checks this year, a change attributed to the Working Families Tax […]
Mamdani’s tax push on NYC’s wealthy starts — says Adams made it necessary due to budget issues
Mamdani Proposes Tax Hike for Wealthy New Yorkers With his term coming to an end in under a month, New York City’s recently appointed Democratic Socialist, Zoran Mamdani, has put forward a plan to increase taxes on the wealthiest residents. He attributes the city’s budget issues to former Mayor Eric Adams, claiming he mismanaged funds. […]
Sergey Brin joins forces with Eric Schmidt to challenge California’s billionaire tax
Silicon Valley Billionaires Unite Against California Billionaire Tax Sergey Brin, co-founder of Google, and former CEO Eric Schmidt are teaming up with some of Silicon Valley’s richest individuals to create a new organization aimed at lobbying against California’s proposed billionaire tax. The group, dubbed Building a Better California, plans to leverage its influence by endorsing […]
IRS emphasizes significant shift in tax refunds: Key information to understand
Changes to Tax Refunds This Season Tax season is upon us, and the IRS is alerting Americans to significant updates regarding their tax refunds this year. In March 2025, President Trump issued an executive order aimed at modernizing how payments move to and from American bank accounts. This mandates the IRS and other federal bodies […]