Category: Taxes

A proposed federal regulation published on December 23, 2025, could change how the government intercepts stimulus-style payments, tax refunds, and other federal disbursements to collect outstanding debts. The rule arrives as roughly 1 million taxpayers await special Recovery Rebate Credit payments of up to $1,400, and as speculation grows around a possible $2,000 “tariff dividend”…

The Earned Income Tax Credit, one of the largest federal benefits aimed at working families, sends tens of billions of dollars to eligible filers each year, yet the IRS itself describes it as routinely underclaimed. For the 2025 tax year, the credit can reach $8,046 for households with three or more qualifying children, and that…

Massachusetts State Auditor Diana DiZoglio has turned a series of state government accountability fights into a direct confrontation with the Legislature, one that could reshape how taxpayers track public spending. Her office identified $12,322,688 in public benefit fraud in a single fiscal year and flagged serious contracting failures in the state’s emergency shelter system. When…

The IRS now requires crypto brokers to report gross proceeds from digital asset sales on a brand-new form, but most of those forms will arrive without the one number that actually determines how much tax you owe: your cost basis. That gap between what the government knows you sold and what you actually paid creates…

The One, Big, Beautiful Bill Act has rewritten the tax playbook for millions of working Americans, and the practical effect could mean a significantly larger refund check for 2025 and 2026 filers. New above-the-line deductions for tips, overtime pay, and even car loan interest are now live, while higher standard deduction amounts and targeted senior…

The IRS released its 2026 tax bracket adjustments with little fanfare, but the numbers reflect more than routine inflation indexing. The changes trace back to a specific piece of legislation that alters how tax parameters are set, creating a split outcome: some filers stand to keep more of their income, while others face a heavier…

The new SALT deduction rules signed into law by President Trump hand most filers a higher cap on state and local tax write-offs, but households earning between $500,000 and $600,000 face a sharp and punishing phase-down that could erase the benefit entirely. This income band sits in a policy dead zone: too high to claim…

The Internal Revenue Service is warning tax filers that phone lines will likely see a sharp spike in call volume during the week of February 16, 2026, a period the agency considers one of the busiest stretches of every filing season. For millions of Americans trying to check refund status or resolve account questions, that…

Mayor Zohran Mamdani is urging Albany to raise taxes on high-income New Yorkers and large corporations, arguing that additional revenue should be on the table as state lawmakers consider the city’s fiscal needs. Speaking after the 2026 Joint Legislative Budget Hearing, he said he supports increasing taxes on New Yorkers earning $1 million or more…

A single filer earning $250,000 a year currently hands over a significant share of that income to the federal government before spending a dime. If federal income taxes were eliminated entirely, as has been floated in political discussions, that same earner would see a dramatic jump in take-home pay. But the math behind replacing nearly…