The tax filing season opens today. Anticipate some confusion. Here’s what to understand.
IRS Expects Busy Tax Filing Season The Internal Revenue Service anticipates that millions of U.S. taxpayers will submit their income tax returns by the end of Monday, marking the start of the federal tax filing season. Generally, a significant portion of early filers often receives a refund. It seems reasonable, right? Why should the government […]
Changes to tax filing and their impact on you
MADISON, Wis. – New Tax Changes to Note for 2025 With tax season upon us, it’s worth paying closer attention if you’re in the middle class, have kids, earn tips or overtime, or are a senior citizen filing this year. There are a few notable changes and new deductions to keep in mind. President Trump’s […]
9 Tax Breaks Middle Class Retirees Shouldn’t Overlook in 2026
Understanding Taxes in Retirement Retirement often brings changes to how you approach tax season. You won’t have to manage several W-2s or worry about business expenses at the last minute. However, this doesn’t necessarily mean tax filing becomes a breeze. Many retirees—particularly those in the middle class—find themselves juggling various income streams, adjusting to rising […]
This year’s tax refunds are predicted to be significant. Here’s how to receive yours quickly.
January 25, 2026, 5:06 a.m. ET This year, tax refunds are anticipated to be quite significant, prompting many Americans to consider the quickest method for receiving their refunds, which is via free electronic direct deposit. For millions, tax season typically represents the largest financial windfall of the year; around 75% of Americans typically receive a […]
Bitcoin payments restricted by tax regulations, not by technology issues: Crypto executive
The Challenge Facing Bitcoin Pierre Rochard, who is the director at Strive, a Bitcoin finance company, pointed out that current tax policies are acting more like a payment system rather than focusing on improving technology for quicker and cheaper transactions. “Think of it this way: if the best athlete competes, they can easily beat the […]
Sen. Deb Fischer reveals the surprising reality of EV tax credits and who truly benefited.
Concerns Over Electric Vehicle Tax Credits In 2022, Democrats passed what they termed the Inflation Control Act. At the time, its name seemed a bit misleading, and now it’s clear that inflation wasn’t actually contained. Rather, the act directed hundreds of billions in taxpayer money toward Green New Deal subsidies, particularly electric vehicle (EV) tax […]
New tax regulations could make 2025 taxes more challenging. Should you handle it yourself or get a professional?
January 24, 2026, 5:02 a.m. ET It’s that time of year again—deciding whether to tackle your taxes on your own or enlist a professional. The IRS is set to start accepting returns for the 2025 tax year on January 26, amid significant tax law changes since the Tax Cuts and Jobs Act of 2017. This […]
FTC alerts taxpayers about phone scams pretending to be IRS officials as the 2025 tax season approaches
Tax Fraud Emerges as the 2025 Filing Season Approaches As we get closer to the 2025 tax season, scams aimed at taxpayers are starting to pop up. Typically, tax season runs from January to April, so it’s that time again. The Federal Trade Commission has issued a warning regarding an increase in scams where individuals […]
Mamdani advocates for another tax increase, challenging fellow Democrat Hochul’s budget plan
Mayor Pushes for Tax Increases Despite State Budget Proposal Mayor Zoran Mamdani expressed skepticism over Governor Kathy Hochul’s state budget plan, which aims to avoid raising income taxes. He announced his intention to advocate for these increases nonetheless. This move is part of Mamdani’s strategy to align himself with Hochul and her more liberal supporters, […]
IRS leader reveals major changes just before the 2026 tax season
IRS Announces Reforms Ahead of 2026 Tax Season Just days ahead of the 2026 tax filing season, the U.S. Tax Commissioner has unveiled significant reforms aimed at enhancing taxpayer services and modernizing operations within the IRS. This announcement comes at a crucial time as the agency gears up to handle millions of tax returns while […]