Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday.
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The US government wants to make it easier for you to click the ‘unsubscribe’ button
“The administration is cracking down on all the ways that companies, through paperwork, hold times and general aggravation waste people’s money and waste people’s time and really hold onto their...
The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.
Donald Trump’s campaign says it will begin accepting contributions through cryptocurrency
Donald Trump ‘s presidential campaign said Tuesday it would begin accepting donations in cryptocurrency as part of an effort to build what it calls a “crypto army” leading up to...
U.S. and U.K. issue new sanctions on Iran in response to Tehran’s weekend attack on Israel
The U.S. and U.K. have imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle...
It’s Tax Day. And your refund may be big this year
On this Tax Day, refunds are looking a bit bigger for taxpayers. According to the latest IRS statistics, the average refund this season has been $3,011, up $123 compared to...
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Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs
The proposal for fiscal 2025 is an election year blueprint about what the future could hold if Biden and enough of his fellow Democrats win in November.
U.S. and EU pile new sanctions on Russia for the Ukraine war’s 2nd anniversary and Navalny’s death
The United States and the European Union are heaping hundreds of new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation...
IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’...
IRS announces January 29 as start of 2024 tax season
The IRS on Monday announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the...