Companies can start applying for tariff refunds as the US reverses previous import taxes.
Duty Refunds Begin for Businesses Following Court Rulings Starting Monday, businesses can file for duty refunds as the federal government begins the process of rolling back billions of dollars in import duties that were imposed during the Trump administration. This could lead to what might be the largest repayment in U.S. history for importers. The […]
Trump: No Taxes on Tips and Overtime Demonstrate GOP’s Support for Workers
Trump Positions Republican Party as the Champion of the Working Class WASHINGTON—President Trump asserted that his initiatives, such as tax-free tips and overtime pay, reflect the Republican Party’s shift toward representing the interests of working-class Americans. This comes as millions of people express support for these policies during this tax season. His remarks were made […]
Ways the affluent are strategizing to lower their 2026 taxes
Tax Strategies for High-Income Earners in 2025 The IRS building in Washington, D.C. has recently been in the news, particularly with the announcement of potential job cuts impacting around 6,700 employees. This restructuring raises concerns about how it might affect tax collection during the important filing season. For those with considerable wealth, there’s been a […]
Lisa McClain Emphasizes Tax Breaks for Working Families on Tax Day as Democrats Advocate for Higher Taxes on the Wealthy
House Republican Conference Chair Lisa McClain hosted a roundtable with various stakeholders, including Congress members, labor representatives, small business owners, manufacturers, farmers, and tax experts, to mark Tax Day on Wednesday. She noted that the working family tax cuts enacted last year have led to increased refunds, lower taxes on tips and overtime, and provided […]
NYC Mayor Mamdani claims that the wealthy leaving due to high taxes is a ‘made-up’ issue.
NYC Mayor Calls Wealthy Exodus “Imagined” New York City Mayor Zoran Mamdani stated on Wednesday that the idea of the city’s wealthiest residents leaving due to high taxes is purely “imagined.” At a Tax Day public forum, Mamdani conversed with economists Gabriel Zucman and Joseph Stiglitz about plans to impose new taxes on luxury real […]
Prepare for next year’s taxes: 6 steps to take now
Planning for Next Year’s Taxes Starts Now If you’re looking to lower your tax burden next year, now is actually the time to start planning—rather than waiting until it’s time to file your return. There are strategies that can help reduce your taxable income or allow you to make better tax decisions with your investments. […]
The benefits of filing your taxes early rather than at the last moment to save money
Today is April 13th, and if you haven’t filed your taxes yet, you’re definitely not alone. However, waiting until the last minute can be a costly habit. The crucial factor here is timing. People who file early often get their refunds weeks ahead and minimize the chance of errors or overlooked credits. That additional time […]
Using AI for your taxes: A dangerous shortcut that may get you in trouble with the IRS
Utilizing AI for tax preparation might appear to be a clever shortcut, but it brings potential risks. With the tax deadline looming on April 15, many Americans are exploring ways to mitigate the stress of tax season, and some leaders in the AI field are promoting their tools as useful options. AI chatbots, like ChatGPT […]
Mamdani proposed a total of $23 billion in new taxes for NYC during his initial 100 days.
The last hundred days have really been quite the ride. Mayor Zoran Mamdani, who promised to only tax the wealthy, has, in fact, backed new tax initiatives that add up to at least $23 billion, impacting even middle-class residents of New York. The Democratic Socialists came into office with a plethora of promises, suggesting that […]
Mayor Mamdani Calls for Increased Taxes for His ‘Black and Brown’ Political Coalition
New York City Mayor Advocates for Higher Taxes on Wealthy Whites New York City Mayor Zoran Mamdani has suggested that imposing higher taxes on affluent white citizens is essential to support a political framework prioritizing “black and brown” immigrant communities and minorities. Mamdani, who identifies as a socialist, spoke on April 6 about the current […]