Important IRS Tax Filing Deadline Has Passed and Penalties Are Starting
The deadline set by the Internal Revenue Service (IRS) for certain tax returns (January 31, 2026) has already passed. If returns are filed late, inaccurately, or are not provided to recipients promptly, penalties could be imposed. Required Submissions by the Tax Return Deadline The IRS has mandated that employers and businesses submit the following documents […]
Drivers in California are nearing a mileage-based tax system.
In California, there’s quite a stir among drivers and Republican lawmakers regarding a new proposal by Democrats aimed at taxing motorists based on miles driven. The state is grappling with significant budget deficits, and as more drivers switch to electric vehicles, Democratic lawmakers are brainstorming ways to replenish the dwindling revenue from gas taxes. As […]
Tax Season Expected to Be Challenging, According to IRS Watchdog
Taxpayer Advocacy Group Alerts on 2026 Filing Season Challenges A national taxpayer advocacy organization is raising concerns about potential difficulties for taxpayers during the 2026 tax filing season, especially for those encountering issues with their returns. Erin M. Collins, in her annual report submitted to Congress on Wednesday—just two days after the season commenced—highlighted the […]
Fraudulent tax companies impersonate legitimate businesses, urging victims to make quick payments, according to the BBB.
Seattle — With tax season on the horizon, there’s been a noticeable uptick in scams targeting individuals who may be behind on their taxes. The Better Business Bureau (BBB) notes that these fraudsters are leveraging the urgency of the season to pressure people into costly decisions. According to Cameron Nakashima from the BBB, reports of […]
What changes in deductions and credits will affect your 2026 tax return?
Changes to Tax Law for the 2025 Filing Season As we enter the 2026 filing season, it’s clear that numerous adjustments to tax law will impact most taxpayers’ returns significantly, particularly in contrast to last year’s limited inflation adjustments from the IRS. Passed in July 2025, the so-called “One Big Beautiful Bill” not only extended […]
Hochul annoyed by Mamdani’s calls to ‘tax the rich’ amid claims of a $12B budget gap in NYC
Tax Tensions Between Mayor and Governor Cass is not thrilled about Zo’s tax calculations. There’s growing frustration with Mayor Zoran Mamdani’s stance on taxing the wealthy, particularly from Governor Kathy Hochul. She suspects his warning about a looming $12 billion budget deficit might be an effort to advance his socialist agenda, according to insider sources. […]
Find out when you’ll receive your tax refund from the IRS
Tax Filing Season Begins NEW YORK (AP) — The tax filing season has started, with the IRS estimating that about 164 million individuals will submit their returns by April 15. Last year, taxpayers received an average refund of $3,167. This year, analysts think that amount could increase by as much as $1,000 due to new […]
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 […]