Money, Wealth & Power—A Daily Look at the Financial World
The next time the IRS tells you it “fixed” your return, you will not be stuck decoding a cryptic notice on your own. A new bipartisan statute, widely known as The Math Act, reshapes how the agency explains its math-error adjustments and gives taxpayers clearer footing to push back when the IRS says they got…
Working households are being told to brace for a windfall, with Treasury Secretary Scott Bessent signaling that many will see tax refunds climb as high as $2,000 next year. The promise centers on working Americans who kept their paychecks steady and did not adjust their withholding, a group Bessent says is now in line for…
Americans are being told to brace for a rare kind of tax season shock: a bigger check from the government instead of a nasty bill. The White House is signaling that typical filers could see roughly an extra $1,000 added to their refunds next year, a shift that could reshape how households think about their…
President Donald Trump has thrown his support behind the idea of fresh direct payments worth roughly $1,500 per person, reviving hopes among households still squeezed by inflation and higher borrowing costs. For now, though, the promise of new relief is colliding with a stubborn reality in Washington, where no law has been passed and the…
Working households are being told to brace for a rare kind of tax season surprise: bigger checks from the Internal Revenue Service instead of smaller ones. The Trump administration’s latest tax adjustments are expected to translate into refunds in the ballpark of $1,600 to $2,000 for a typical worker, a shift that could briefly ease…
President Donald Trump is turning a technical fight over signatures into a sweeping challenge to his predecessor’s legacy, vowing to wipe out nearly all Biden-era documents that relied on an autopen. By casting those signatures as “illegal,” he is not only threatening to unravel a vast web of executive actions, pardons, and contracts, but also…
The Swiss government has confirmed that the new 15% cap on U.S. tariffs for its exports will not only lower future duties but also apply retroactively to shipments dating back to mid November. That decision turns what might have been a modest diplomatic win into a concrete financial rebate for affected companies, reshaping the near…
President Donald Trump has put a bold promise on the table: a one-time $2,000 “tariff dividend” for households, funded by higher taxes on imports rather than traditional income taxes. The idea has sparked intense interest from families still feeling squeezed by inflation and from investors trying to game out what it would mean for the…
President Donald Trump is throwing his weight behind a new health care proposal that would send direct payments of up to $1,500 to millions of Americans, reviving the politics of government checks in a very specific, targeted way. Instead of broad stimulus, the plan is designed to help people who are paying steep premiums and…
Flexible spending accounts are getting a meaningful reset for 2026, with higher contribution ceilings and new rules that change how much tax-free money families can set aside. The shifts touch both health care and dependent care FSAs, so workers, employers, and benefits administrators all need to recalibrate before the next enrollment cycle. I want to…