Zohran Mamdani suggests limited solutions for NYC’s $12B budget gap while reiterating the need for tax increases
Mamdani Critiques Predecessors Amid Budget Crisis Mayor Zoran Mamdani has been vocal about the city’s significant $12 billion budget deficit, yet he provided scant details on his plans to address it during his speech on Wednesday. Instead, he suggested that Governor Kathy Hochul should consider implementing higher taxes on the wealthy. In a serious tone, […]
Your investment earnings might lead to a tax bill. Here’s how to get ready for the season.
Tax Filing Season Begins: What Investors Need to Know Tax filing season is officially underway, and for investors—especially those with income-generating assets—it’s time to start preparing. The Internal Revenue Service (IRS) started accepting personal income tax returns for 2025 on Monday, with the submission deadline set for April 15. If needed, this can be extended […]
Tax refunds are set to increase by $1,000 due to the boost from Trump’s key legislation.
Tax Refunds Expected to Rise Significantly This Year This year, Americans are likely to see their tax refunds grow by an average of $1,000. The White House anticipates that an extra $100 billion will be returned to taxpayers during the 2026 tax season, largely due to President Trump’s second-term legislation. The tax filing season began […]
Treasury Cuts Relationship with Federal Consulting Firm Due to Trump Tax Return Disclosure
Treasury Department Ends Contracts with Booz Allen Hamilton On Monday, the Treasury Department revealed that it is terminating all of its contracts with the consulting firm Booz Allen Hamilton due to the company’s role in a significant data breach. This breach resulted in the leak of President Donald Trump’s tax returns to the media. There […]
Emirates NBD reports a record profit of Dh29.8 billion before tax and suggests a dividend of 100 fils.
The UAE’s leading financial institution reported a 12% rise in total revenue, reaching Dh49.3 billion, thanks in part to growth in interest income and various non-cash revenue streams. The net profit stood at AED 24 billion, with operating profit growing by 13% to AED 34.3 billion. Loans and deposits enhance balance sheet expansion Emirates NBD […]
Several states increase ACA subsidies as federal tax credits end.
States Boost Assistance for ACA Plans Amid Federal Aid Cuts Six states are stepping up efforts to help ease the financial burdens associated with Affordable Care Act (ACA) plans. With the lapse of federal funding, many Americans are facing increasing insurance premiums. California, Colorado, Connecticut, Maryland, Massachusetts, and New Mexico have all raised their state […]
Treasury cancels contracts with Booz Allen due to Donald Trump tax leaks
Treasury Department Ends Contracts with Booz Allen Hamilton The Treasury Department has put an end to several contracts with Booz Allen Hamilton, a large consulting firm, after revelations about President Donald Trump’s tax returns surfaced. This followed actions taken by a former employee and notable figures like Jeff Bezos and Elon Musk. Treasury Secretary Scott […]
Tax season has started. Here’s when you can expect your refund in 2026.
2025 Tax Season Starts Soon: What to Expect Starting on Monday, January 26, Americans can file their 2025 tax returns with the IRS. But naturally, many people are more interested in the timing of their refunds. The timeline for refunds largely hinges on how taxpayers choose to file. In fact, about 93% of people opted […]
How Americans might receive a $1,000 increase this tax season
Tax return season for Americans kicks off on Monday, allowing them to file their 2025 returns. Policymakers are forecasting that tax refunds will be about $1,000 higher than previous years. Americans need to file their 2025 tax returns from January 26 to April 15 or can ask for an extension until October. Supporters of last […]
Senate leader John Thune heads up Republican senators advocating for tax reductions across the country
Senate Republicans Promote the Working Families Tax Relief Act Senate Majority Leader John Thune has been actively engaging with local business owners and families as part of efforts to push forward the Working Families Tax Relief Act. Over a dozen senators, including Thune, have been holding events across various states such as Texas, West Virginia, […]