Tax fraud cases increasing as April 15 nears, IRS cautions
With the April 15 tax deadline around the corner, the IRS is cautioning taxpayers about an uptick in scams targeting them. During tax season, individuals naturally expect communications from the IRS about refunds and payments, which scammers exploit. Eric Bronnekant, who directs a tax office, mentioned this trend in a conversation with the Post. According […]
NFL manager believes that progressive state tax plan will negatively impact team’s chances.
Potential Tax Impact on Seattle Seahawks The general manager of the Seattle Seahawks has expressed concern over new tax proposals by Democratic lawmakers, suggesting that these changes could complicate the team’s efforts to recruit new players. This Wednesday, the Washington State Democratic Party approved a proposal that aims to introduce a 9.9% state income tax […]
Host Challenges Democratic Senator Chris Van Hollen’s Tax Plan Directly
Becky Quick Questions Senator Van Hollen’s Tax Proposal During a segment on CNBC, host Becky Quick expressed doubt about Maryland Senator Chris Van Hollen’s recent tax proposal. Van Hollen presented the Working Americans Tax Cuts Act (WATCA), which seeks to eliminate income taxes for low-income earners while introducing a new surtax for individuals earning over […]
Time is running out to take advantage of the new senior tax deduction
Changes to Tax Law Affecting Older Adults Starting with the 2025 tax year, notable changes have been introduced to the tax law. One significant adjustment targets seniors, specifically those aged 65 and older, who will benefit from a new tax break that could lead to considerable savings. Retirees should pay attention to this new tax […]
California governor candidate Matt Mahan calls for the abolition of the state’s gas tax
San Jose Mayor Calls for Gas Tax Suspension in California Matt Mahan, the Mayor of San Jose and a candidate for governor of California, has urged the state to temporarily pause gas taxes to ease the financial burden on drivers facing high fuel prices. “Working families often find themselves making tough choices between rent, groceries, […]
Seahawks general manager cautions that the new state income tax may affect free agent acquisitions.
Seahawks GM Discusses Tax Changes and Free Agency Concerns John Schneider, the general manager of the Seattle Seahawks, recently commented on a decision made by the Washington State Legislature that may complicate the team’s efforts to maintain its Super Bowl champion status. Starting in 2028, a new 9.9% tax will be applied to high-income earners, […]
Mamdani’s tax and spending proposals cause concern among NYC bond investors
When Mayor Mamdani took office in January, he was confrontational with New York City’s financial sector, all while aiming to revamp the city’s economy through socialist initiatives. However, the situation seems to be shifting rapidly. Municipal bond investors are now selling New York City bonds, which has led to falling prices and rising interest rates, […]
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 […]