Tag: Government taxation and revenue
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Treasury, IRS move to restrict refundable tax credits to certain immigrants
The move would likely impact hundreds of thousands of immigrants who have Social Security numbers and have received authorization to work in the U.S., experts said.
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Getting in on single-stock futures? Watch for these potential tax surprises
Single-stock futures are enticing for active retail traders, but they may come with unintended tax consequences.
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IRS clarifies ‘no tax on overtime’ deduction rules. What workers need to know
Taxpayers who were unsure whether they qualified or how much they could claim will likely have an easier time when they file their 2026 tax returns, experts say.
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Mamdani’s NYC pied-à-terre tax can continue rollout during court appeal
The tax championed by Mayor Zohran Mamdani has drawn the ire of President Donald Trump, who said it must be stopped and vowed to explore federal options.
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Trade court upholds Trump’s closure of ‘de minimis’ loophole
President Donald Trump in a Truth Social post celebrated the continued closure of the deminimis exemption as a “BIG WIN.”
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Trump says NYC pied-à-terre tax ‘must be stopped,’ eyes federal block
Trump in a Truth Social post called Mamdani’s pied-à-terre tax a “dangerous political ‘experiment’ in New York will destroy” the city and state.
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The IRS is getting better at spotting crypto tax mistakes. Here’s what it means for investors
Many investors who hold cryptocurrency like bitcoin and ether have a difficult time figuring out how much tax to pay on transactions.
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Can your tax preparer use AI without telling you? Some experts say IRS rules aren’t clear
A debate is brewing among tax practitioners regarding whether using AI to prepare tax returns should require a disclosure to clients.
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Trump appeals order that slammed his IRS lawsuit and referred his lawyer to bar
Trump had sued the IRS for $10 billion over the leak of his tax information by an agency contractor.
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Todd Blanche attorney general nomination on edge as Cornyn questions Trump-IRS settlement
Sen. John Cornyn says the DOJ has failed to satisfy his concerns about a deal to shield President Donald Trump and others from IRS tax audits.
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