IRS releases list of jobs eligible for ‘no tax on tips’ rule
New Tax Guidance for Tipped Workers Released by IRS The U.S. Treasury’s Internal Revenue Service (IRS) announced new guidance on Friday aimed at helping taxpayers who may benefit from a tax provision related to tips. This provision, part of the legislation dubbed the “Big and Beautiful Bill” signed by President Donald Trump in July, allows […]
Virginia Governor Spanberger faces unprecedented disapproval over tax increase allegations
Exclusive: Virginia Governor Abigail Spanberger, viewed as a promising figure in the Democratic Party, is facing mounting criticism. Detractors claim she’s strayed from her commitment to affordability, opting instead to impose taxes on numerous goods and services. A recent ad released by Unleash Prosperity sharply criticized Spanberger’s promises regarding affordability. Virginia Democrats are now considering […]
IRS provides three options for requesting a tax extension ahead of the April 15 deadline
Tax Filing Deadline Approaches: What You Need to Know The deadline for filing 2025 tax returns is fast approaching—Wednesday, April 15th. Millions of taxpayers are gearing up to submit their returns, and likely, many will opt for an extension. If you find you need more time, it’s possible to request an extension before April 15 […]
Trump cautions China about a 50% tax if found providing military support to Iran.
Trump Threatens China with Tariffs Over Iran Support President Donald Trump has issued a warning to China, suggesting that the country could face severe new tariffs if it’s found to be offering military assistance to Iran. This comes as the U.S. gears up to exert further pressure on Tehran with plans for a blockade of […]
Irish Government Gives In to Fuel Tax Protests, Introduces €505 Million Relief Package
Emergency Aid Package Amid Protests in Ireland In response to significant anti-fuel tax protests sweeping across Ireland, the government in Dublin has rolled out an emergency aid package. This announcement came late Sunday night and aims to address the needs of some key sectors involved in the protests. Prime Minister Michael Martin declared a 505 […]
Tax season 2026: why millions of Americans are facing unexpected IRS bills instead of refunds
April isn’t typically a month people expect financial surprises, but millions of Americans are facing unexpected tax bills this year. Instead of the refunds they hoped would help with holiday debts or summer plans, they’re looking at bills that could make anyone want to toss their laptop. The reasoning behind this predicament is rather straightforward. […]
NORTON RAINEY: The Hidden Gem in This Year’s Tax Reduction
This Tax Day, families should think beyond just their potential refunds. It’s also crucial to consider opportunities that might significantly impact your child’s future. The way taxpayers and parents file taxes could change in the coming years. Recent tax cuts for working families have prevented what could have been the largest tax increase in U.S. […]
Important information about Trump’s tax breaks for tips and overtime when filing state tax returns
With the tax filing deadline looming, millions of Americans are gearing up to claim new federal tax breaks related to tips and overtime pay for the first time, thanks to President Donald Trump’s extensive tax reforms. However, a significant number of individuals won’t be able to enjoy the same deductions when filling out their state […]
2025 Tax Day restaurant offers and savings to help reduce meal costs
As Tax Day nears, various restaurant chains are rolling out promotions designed to help customers save on meals. During this hectic time, when households are managing paperwork and deadlines, these limited-time deals provide an opportunity to cut down on costs. Whether it’s discounts on specific menu items, app-related perks, or delivery offers, these promotions make […]
Tax issues ahead for IRAs and 401Ks exceeding $300,000
Managing Retirement Accounts to Avoid Tax Pitfalls Having over $300,000 in a traditional IRA or 401K can create significant challenges during retirement, according to financial advisor Ryan Tucker. “The main issue revolves around taxes, and if you don’t take action, it’s likely to get worse,” added Tyson Tucker. Both Ryan and Tyson Tucker lead BOSS […]