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 […]
This year’s tax refunds are bigger. Here’s why that’s not beneficial for taxpayers.
Initial figures for the 2026 tax filing season reveal that the average refund is around $3,742, marking an increase of over 10% compared to last year. This increase is primarily attributed to changes in the tax system. “The main reason so many refunds are higher this year is the One Big Beautiful Bill Act (OBBBA) […]
Tax Day is approaching: Steer clear of these 5 common errors that can lead to extra expenses
Common Tax Filing Mistakes to Avoid This Season Tax season can be quite overwhelming, and making avoidable mistakes can turn the process from merely stressful into something much worse. As we approach the deadline, it’s crucial to be aware of common pitfalls that might lead to smaller refunds, bigger bills, or even delays in processing […]
Washington state approves nearly 10% tax on millionaires after a long period without an income tax
Washington State Passes New Income Tax Bill Democratic lawmakers in Washington have approved a bill that imposes a 9.9% income tax on individuals earning over $1 million annually. This new tax was ratified after more than a day of deliberation and is projected to raise around $4 billion each year. The funds generated will primarily […]
Many California billionaires move to Florida due to suggested wealth tax
Property managers and local officials in Florida are noticing an increase in California billionaires looking to relocate, primarily due to worries over a potential wealth tax. A new initiative from the Service Employees International Union of Health Care Workers West aims to impose a one-time 5% tax on the net worth of California residents with […]