Money, Wealth & Power—A Daily Look at the Financial World
Tax filing for 2026 is shaping up to be very different from the last few years, with a larger standard deduction and a fresh round of business-friendly write offs reshaping how much income actually gets taxed. The changes grow out of President Trump’s “One Big Beautiful Bill,” which locks in several individual breaks while expanding…
The Supreme Court’s looming decision on President Donald Trump’s emergency tariffs has already reshaped the rules for importers, with a new, hard deadline for refund claims and a rapid shift to digital processing. Instead of waiting for the justices to rule, trade officials have locked in a timetable that could determine who recovers billions in…
Millions of workers are starting the year with a quiet but meaningful shift in their favor: federal tax changes that can leave more money in each paycheck. The new rules, driven by President Donald Trump’s latest tax package and routine Internal Revenue Service adjustments, are beginning to filter into payroll systems and could reshape how…
The Internal Revenue Service has quietly locked in the numbers that will govern how much of your 2026 income is taxed, and the changes are big enough to shift real money back into some households. The core tax rates stay the same, but higher thresholds and a richer standard deduction mean many filers will see…
Federal tax rules are shifting again in 2026, and this time the changes are more likely to nudge your take home pay up than down. The Internal Revenue Service is lifting the income thresholds for each tax bracket and updating how much employers withhold from paychecks, so many workers will see a modest bump in…
The global push for a 15 percent minimum tax on large corporations has survived a turbulent renegotiation, but the final compromise leaves the United States on the outside of the core enforcement regime. While more than 145 countries have agreed to move ahead, President Donald Trump has secured an exemption that keeps U.S.-headquartered multinationals under…
California’s latest push to tax extreme wealth has collided head‑on with a familiar Bay Area anxiety: what happens if the people who fund so much of the region’s economy simply leave. As state leaders float a new levy on billionaires, San Jose Mayor Matt Mahan has emerged as one of the most prominent local voices…
Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of rules than they had just a year ago. The Internal Revenue Service has raised the standard mileage rate, tightened some reporting requirements, and started phasing in a new deduction for car loan…
Changes to how the U.S. mail is stamped are quietly rewriting the rules for anyone who relies on a postmark to prove they met a deadline. Instead of reflecting the day you hand a letter to the Postal Service, the official date on the envelope is shifting to when that piece of mail is processed…
Federal tax rules do not leave much room for improvisation, and 2026 is packed with filing and payment cutoffs that can quietly trigger penalties if you miss them. The core date is the April deadline for 2025 returns, but quarterly estimated payments, business forms, and disaster extensions create a full calendar of obligations. I will…