Money, Wealth & Power—A Daily Look at the Financial World
Tax season for 2025 income is arriving with a familiar mix of urgency and confusion, especially around how early you can actually file in 2026 and what happens if you miss a key date. The Internal Revenue Service has now locked in the opening day for returns, the standard deadline, and the rules for extensions…
Tax filing season opens Monday, and for once the headlines about refunds are not just wishful thinking. A mix of new tax law changes, inflation adjustments and targeted credits means many households are poised to see significantly larger checks than they did in recent years. If you plan carefully, your own refund could be one…
More than a million service members who received President Donald Trump’s patriotic “warrior dividend” this winter will not owe federal income tax on the money. The Internal Revenue Service has now confirmed that the $1,776 checks sent to troops count as a special military benefit, keeping the full amount in recipients’ pockets. The decision locks…
Tax season 2026 will be the first time most households feel the full force of the new rules that will shape their 2025 returns, and the stakes are high. A sweeping law branded the One Big Beautiful Bill has rewritten deductions, credits, and even how refunds are delivered, while the Internal Revenue Service is adjusting…
The Internal Revenue Service is giving a quiet head start to millions of taxpayers this year, effectively opening a back door to file before the official start of tax season. Anyone who earned $89,000 or less in 2025 can use the agency’s Free File system to submit a return early, potentially locking in a refund…
Tax season is arriving fast, and the Internal Revenue Service is not whispering about it. The agency is urging taxpayers to act now so they are not scrambling at the last minute, missing key changes, or leaving money on the table. If you want to avoid delays, surprise tax bills, and security headaches, there are…
The Internal Revenue Service has quietly locked in the rules that will govern how much of your 2026 income goes to Washington, and the changes are big enough to shift some families’ tax bills by thousands of dollars. Whether you come out ahead depends on where your earnings fall inside the reshuffled brackets and how…
Tax season in 2026 is built around a single pivotal date: the day the Internal Revenue Service opens the electronic floodgates and starts accepting returns. For anyone counting on a fast refund, the real question is not just when filing begins, but how to be ready to hit “submit” as soon as the system goes…
A sweeping tax package now moving through Congress is being marketed as a way to unlock four major new write-offs, and the latest committee summaries suggest that millions of households and businesses could qualify if the provisions become law. The proposals build on existing credits and deductions but would restore or enhance them in ways…
Gov. Kathy Hochul has staked out a clear line in New York’s budget fight, choosing to tax nicotine pouches like Zyn while refusing to raise income taxes on the wealthy. The clash has put her on a collision course with Assembly socialist Zohran Mamdani, who is demanding higher levies on top earners to close looming…