IRS terminates free tax filing service offered in 25 states
IRS Discontinues Free Direct File Option for Taxpayers Taxpayers in 25 states will need to consider new methods for filing their taxes in 2026 as the IRS has announced the termination of the free Direct File program. This initiative, which began under President Joe Biden, is officially coming to an end, although specific details are […]
IRS will not provide a free tax filing system next year, confirms Trump administration.
IRS Direct File Discontinued for 2026 Tax Season WASHINGTON — The IRS has confirmed that its free electronic tax filing system, IRS Direct File, will not be available next year. This news was communicated via an email from IRS official Cynthia Noe to state auditors involved in the program. “IRS Direct File will no longer […]
IRS Offers Tax Relief for Tips
New Reporting Requirements for Employers With the introduction of the One Big Beautiful Bill Act (OBBB) in July 2025, employers have new obligations regarding the reporting of cash tips and overtime compensation on their tax returns. The IRS and Treasury have, however, decided to lessen penalties for the upcoming 2025 tax year. Why It Matters […]
New York Democrats consider Zohran Mamdani’s tax increase proposal with primary challenges ahead: ‘Conveys a message’
Support for Mayor-elect’s Tax Plans Grows Among State Lawmakers Democratic state lawmakers are showing some openness to the tax increase proposals from Mayor-elect Zoran Mamdani. Supporters suggest that politicians who resist his left-leaning policies may encounter significant challenges ahead. Mamdani aims to impose higher taxes on the wealthy and corporations to generate $9 billion, which […]
IRS Discontinues Popular Free Direct File Option for the 2026 Tax Season
IRS Direct File Program Discontinued It’s official—the Direct File program, which allowed taxpayers to e-file their taxes for free through the IRS, has been discontinued, a decision made during the Trump administration. This week, reports emerged indicating that the IRS had sent emails to states notifying them of the program’s closure for the upcoming tax […]
These 10 states provide the greatest property tax savings for homeowners in the U.S.
Florida CFO Launches Audit to Address Rising Property Taxes Florida’s Chief Financial Officer, Blaise Ingoglia, has initiated an audit involving Broward, Gainesville, Orange, and several other counties, aiming to tackle the ongoing issues of increasing property taxes and government overspending. Across much of the U.S., property taxes are on the rise, but the impact can […]
Zohran Mamdani’s Tax Proposal Raises More Questions Than It Solves
Zoran Mamdani Elected New York City Mayor Updated November 5th: This article has been updated to reflect the results of the New York mayoral race, where Democratic candidate Zoran Mamdani secured just over 50% of the vote. Zoran Mamdani has officially been elected as the next mayor of New York City, a significant role in […]
IRS ends free tax filing service, Oregon senator criticizes Trump for harming taxpayers
IRS Discontinues Free Tax Filing Program The Internal Revenue Service informed Oregon and other states on Monday about the discontinuation of the federal free tax filing initiative known as IRS Direct File. This program enabled millions of Americans to submit their federal tax returns online without cost, particularly around the April 15 deadline. As news […]
GBP/USD stabilizes around 1.3030 amid Reeves’ tax proposals and US data pressures
The GBP/USD pair held steady on Wednesday, bouncing back from a significant 0.90% decline the previous day. This drop followed comments from UK Finance Minister Rachel Reeves, who indicated potential tax hikes to maintain fiscal stability. Currently, the pair stands at approximately 1.3028. Pound steadies around 1.3030 amidst caution and strong US data Chancellor Reeves […]
Voters approve property tax reductions for homeowners and businesses in Texas
Texas Tax Breaks on the Horizon Homeowners and businesses in Texas are set to benefit from larger tax breaks, as voters appear to favor a constitutional amendment aimed at enhancing the state’s homeownership tax credit. As early as Tuesday night, it looks like people will approve a measure that raises the tax exemption on a […]