Tariffs and tax reductions clash in the newest CBO forecast
Economic Impact of Tariffs and Tax Cuts Recent projections suggest that the tariffs instituted by President Trump alongside significant tax cuts from the GOP will have differing effects on the economy. According to the latest reports from the Congressional Budget Office (CBO), there’s an anticipated increase in economic volatility for the remainder of 2025. While […]
Expected Tax Brackets, Rates, and Deductions for 2026: Important Information to Consider.
The US Bureau of Labor Statistics has reported that the Consumer Price Index (CPI) increased by 0.4% in August, seasonally adjusted. Over the year, the unadjusted index has risen 2.9%. This suggests that inflation is relatively stable, which is something to consider when filing your taxes in 2026. Bloomberg Tax & Accounting has projected the […]
Health insurance premiums in Washington set to increase significantly in 2026 due to higher costs and ending tax credits
Health Insurance Premiums in Washington Set for Increase In Washington, health insurance premiums are anticipated to rise significantly next year. Insurance Commissioner Patty Kuder shared details at Spokane’s City Hall, indicating that both Affordable Care Act exchanges and employer-provided insurance plans will become pricier. Those enrolled in the exchange could see an average increase of […]
As an expert on inheritance tax, here are my five best tips for families.
The succession tax, which was revised last year under the direction of Prime Minister Rachel Reeves, is now affecting an increasing number of individuals as the boundaries of this tax broaden. Beginning in April 2026, the eligible amounts for Agricultural Property Relief and Business Property Relief will be reduced, and by April 2027, most pension […]
IRS cautions against harmful tax guidance on social media that may lead to $5,000 in penalties
IRS Warns Taxpayers About Misinformation WASHINGTON – The IRS is alerting taxpayers about the spread of misinformation online, specifically regarding credits that are not actually available to them. The agency reports that this surge in false information has led to penalties amounting to $162 million since 2022. One major concern for the IRS is the […]
The missed tax benefit for IRAs and 401Ks exceeding $300,000
Retirement Tax Planning Insights “If you’ve managed to save over $300,000 in a traditional IRA or 401(k), that’s a great first step towards a secure retirement,” notes financial advisor Ryan Thacker. Tyson Soccer adds, “What many families overlook is the chance to use these tax-deferred accounts to really minimize your taxes when you retire.” Together, […]
Stephen Moore: End the Hidden IRS $700 Billion Tax Hike
Concerns Over IRS Practices Under Biden Administration President Trump has taken significant steps to curb the IRS’s power, which many believe has turned into a tool for targeting political opponents. There’s a saying from Secretary John Marshall that “the power to tax is the power to destroy,” and it seems Democrats in the Biden IRS […]
Rivian Reveals Job Cuts After Tax Credits End
Rivian Initiates Layoffs Amid EV Tax Credit Uncertainty Rivian, the electric vehicle manufacturer based in Irvine, California, recently announced plans to lay off around 200 employees, which is about 1.5% of its workforce of roughly 15,000. This decision comes as the company prepares for the expiration of the federal EV tax credit at the end […]
Government Allocates Funds for Tribal Government Struggling with Tax Issues Related to Trump
Federal agencies are investing significant amounts—tens of millions—in California’s Native American tribal governments, particularly those that oppose President Trump. A recent report highlights that these tribes frequently delay paying taxes. According to an analysis by the American Accountability Foundation (AAF), the Kumeyaay Nation and its Sycuan Band accrued over $2.5 million in state and federal […]
Small Businesses Benefiting from Trump Tax Cuts; Expanding Locations, Hiring More Staff, Increasing Pay
Job Creators Network Poll Highlights Impact of Tax Cuts on Small Businesses This week, the Job Creators Network, known as America’s largest advocate for small businesses, released new voting data shortly after President Trump enacted a significant bill backed by the Republican Party. A national survey by Scott Rasmussen and John McLaughlin, involving 400 small […]