IRS performed better than anticipated during tax season despite reducing its workforce, except in phone support, according to a watchdog.
IRS Performance in 2026 Tax Season WASHINGTON — The IRS managed to disburse refunds surprisingly well during the 2026 tax season, despite significant staffing reductions. However, national taxpayer advocates express concerns that many who sought assistance were left without adequate help. “Taxpayers in need of IRS support frequently struggled to get it,” noted Erin M. […]
Sergey Brin’s wealthy tax elimination proposal is set to appear on California’s ballot
Billionaire Tax Proposal in California Faces Competition California’s proposal for a tax on billionaires could make it to the ballot this November. However, if it gains approval, it would also contend with another initiative aimed at dismantling it. The Secretary of State for California announced on Tuesday that a bill, which mandates audits for programs […]
Democrat in a Swing District Concerned About Tax History as GOP Sees Chance to Gain Ground
Debate on Tax Record of NY Rep. Tom Suozzi Democratic New York state Representative Tom Suozzi has asserted that he does not have a history of increasing taxes, despite his backing of significant local tax hikes during his time as Nassau County executive. He has also consistently opposed federal tax cuts championed by Congressional Republicans. […]
Supreme Court makes a decision on Michigan house taken due to $2,200 tax debt conflict
Supreme Court Rules in Favor of Isabella County in Property Tax Case The U.S. Supreme Court reached a unanimous decision on Tuesday, siding with Isabella County, Michigan. The ruling dismissed a family’s assertion that local authorities should provide homeowners with full fair market value for properties that are seized and subsequently sold during tax foreclosures. […]
Californians Facing Rising Health Insurance Costs Alongside Suggested Tax Hike
California Lawmakers Pass Bill to Protect Medicaid Funding On Thursday, California legislators approved a bill aimed at securing federal funding for the state’s Medicaid program. The move comes amid worries that this proposal might lead to a significant increase in private health insurance premiums. This bill responds to a recent federal directive mandating California to […]
King Charles Set to Disclose His Personal Tax Bill for the First Time
King Charles III to Publish Personal Tax Bill for Transparency King Charles III is set to make his personal tax bill public, as confirmed by Buckingham Palace. This move comes amid growing scrutiny of the finances of the British royal family. While the monarch is not obligated to pay certain taxes, he has voluntarily contributed […]
Treasury Reports Trump’s Tax Cuts Provided Relief to 35 Million Seniors, Yet the Trust Fund Is Depleting More Quickly.
Tax Changes and Trust Fund Concerns for Seniors Picture a 68-year-old retiree opening their tax return this spring, noticing a several hundred dollar decrease in their bill due to a new senior tax credit. At the same time, there’s a headline announcing the Social Security trust fund is running out faster than expected. It’s a […]
Gavin Newsom says he will share his tax returns during the DOJ investigation
California Governor Gavin Newsom has pledged to release all of his tax returns amidst significant developments related to a Justice Department investigation involving his family’s finances. On Friday, his office disclosed that federal authorities are looking into the financial dealings of Newsom’s wife, Jennifer Siebel, as well as individuals connected to the governor. They are […]
Union leader behind billionaires tax criticizes Gavin Newsom in unusual interview
California’s Billionaire Tax Proposal Sparks Clash The leader of a union backing California’s contentious billionaire tax proposal has taken a strong stance against Governor Gavin Newsom. He accuses Democrats of working alongside the wealthy elite, as both sides grapple with efforts to remove the tax from the November ballot. In an interview, SEIU-United Health Care […]
Wealth expert says California millionaires are considering leaving due to tax concerns.
California’s billionaires are increasingly worried about a proposed wealth tax that could impact smaller assets. According to a tax advisor for several billionaires, concerns over potential tweaks to the tax laws are prompting some of them to consider evading taxes. This proposed 5% wealth tax recently made it onto the November ballot. David L’Esperance, the […]