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3 mins read
President Biden's new budget wants to bring back the child tax credit and make sure Americans don't face Social Security cuts all while taxing billionaires and big companies more
President Joe Biden's latest budget proposal would expand the child tax credit and create a paid-le…
Juliana Kaplan,Ayelet Sheffey
3 mins read
No, the GOP isn't going to abolish income tax — or the IRS
The GOP wants to get rid of income tax and the IRS. Neither will happen, but, if they did, it would…
Juliana Kaplan,Jacob Zinkula
2 mins read
The IRS is planning to hire as many accountants and attorneys as it takes to crack down on rich people 'that are not paying the taxes they owe'
The IRS unveiled its plan to use $80 billion in new funding over ten years, focused on better custo…
Ayelet Sheffey
3 mins read
Americans are moving a lot less — and boomers may be to blame
US internal migration has significantly slowed over the last five decades, and a new study suggests…
Noah Sheidlower
4 mins read
What it takes to become a resident of Puerto Rico to gain the tax breaks, and what you'd have to give up
Becoming a citizen of Puerto Rico isn't difficult for US citizens, but it comes with some strict ru…
Cork Gaines
2 mins read
10 cities where high-income Americans are moving
Spokane Valley, Washington, and Allentown, Pennsylvania saw the largest growth in high-income house…
Noah Sheidlower
5 mins read
A boomer Uber driver's business had over $100,000 in earnings, but he estimates over half of that was lost to expenses and commissions. He shares why he plans to keep driving.
An Uber driver's business had over $100,000 in earnings, but he estimates most of that was lost to …
Jacob Zinkula
2 mins read
Biden says the House GOP campaigned on inflation but their bills to weaken or even abolish the IRS wouldn't fix it
After receiving promising economic data, Biden criticized House Republicans on Thursday for their t…
Ayelet Sheffey,Juliana Kaplan
2 mins read
Janet Yellen wants a new way for people to file their taxes for free after very few Americans used the current program
Just 1 in 25 Americans were able to file their taxes for free last year. The Treasury Secretary wan…
Juliana Kaplan,Joseph Zeballo…
1 min read
Mike Lindell says MyPillow's now facing multiple IRS audits
"Now they're going after our employees. They made it very personal," Lindell said.
Kwan Wei Kevin Tan
3 mins read
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8 million 2021 returns
The IRS has been drowning in paper, and taking months to process tax returns — which held up refund…
Juliana Kaplan
5 mins read
A semi-retired couple moved to Puerto Rico for an adventure and some tax benefits, but a healthcare crisis may soon change their plans
There are financial incentives for people looking to retire in Puerto Rico, but there are also some…
Cork Gaines
1 min read
Tainted IRS officer gifted Rs 1.75 lakh gold payal to Kerala actress, claims ED
A tainted IRS officer, Sachin Sawant, who was nabbed in June in a money-laundering case, had allege…
3 mins read
Some taxpayers waited 6 months or more for their refund checks in 2022, as the IRS still chips away at its mountain of paper
The IRS continued to struggle with a pile of unprocessed tax returns in 2022, but things will proba…
Juliana Kaplan
2 mins read
Over 16 million taxpayers from states like California should hold off on filing their taxes because of extra stimulus checks, the IRS says
Many states handed out checks and rebates to help ease the sting of inflation. Now, that means that…
Juliana Kaplan
3 mins read
9 million families are entitled to up to $10,000 in checks from the IRS they never claimed
The IRS is sending out letters to people who are eligible for credits, but don't usually file taxes…
Juliana Kaplan
1 min read
The IRS wants to crack down on executives who use company private jets to go on vacation, and stop wealthy tax avoiders from 'flying under the radar'
Companies can receive tax deductions for maintaining a private jet. The IRS will ensure they don't …
Pete Syme
2 mins read
The IRS chief says the agency will get through its backlog of unprocessed tax returns 'before December'
Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them…
Juliana Kaplan
4 mins read
As taxes come due, millions of Americans are still waiting on their refunds from last year
Some people are still awaiting thousands of dollars in 2020 refunds — and have seen their finances …
Juliana Kaplan
2 mins read
The IRS is scrambling to staff up and it's competing with Target and McDonald's for workers
Like businesses around the country, the IRS is trying to hire. But a labor shortage at the agency m…