Florida legislators have put sweeping changes to the November ballot that could radically alter the tax system and the functioning of local governments—cities and counties. The initiative took less than a day to debate, finalize, and pass. Now the final decision is up to voters, Miami reports…
Amazon Chairman Jeff Bezos stated on May 19 that half of US taxpayers should not pay federal income taxes. He stated that the top 1% of taxpayers currently account for approximately 40% of all tax revenue, while the bottom half pays only…
President Donald Trump has been in conflict with tax authorities for years over audits of his returns and questions about whether he paid his taxes in full. The agreement, released by the US Department of Justice, addresses the leak of his tax returns and includes a provision under which the government…
You don't need to keep your tax returns forever, but it's wise to keep them handy for several years. Business Insider writes about it. In general, the IRS recommends keeping copies of returns for at least three years, they ...
The average tax refund has increased by nearly 11% this year. These figures are expected to continue to rise, explains MoneyTalks. The number of tax returns received by the IRS so far this tax season is lower than last year, but the amounts…
There are many ways to reduce your tax burden, including tax credits, deductions, and advanced investment strategies. US News explains simple, and most importantly, completely legal, ways to reduce taxes. Some tax-saving methods are only available to small business owners or the self-employed, while…
Paper tax refund checks are phasing out for the 2026 tax season. This means most taxpayers will need direct deposit to receive their refund from the Internal Revenue Service (IRS) on time, explains Secret NYC. This year…
Whether you prepare your tax return online using software or plan to consult a qualified tax professional, make sure you have all the necessary documents on hand. Money Talks News publishes a list of these documents. The Internal Revenue Service (IRS) typically receives…
January 26, 2026, is the first day of the 2025 tax filing season. This is the date Americans can begin filing their 2025 federal returns. The Internal Revenue Service (IRS) offers tips on how to prepare for filing. Here...
On July 4, 2025, the President signed the "Big Beautiful Act" (known as the Working Families Tax Cut). It makes permanent many of the temporary tax breaks enacted in the Tax Cuts and Jobs Act (TCJA) of 2017. Here are the key changes that affect our…