TRENDING TOPICS
319 articles found for "tax"
The 1099 reporting threshold has increased from $600 to $2,000 and 1099-K rules have been reverted to $20,000 and 200 transactions. Here's what gig workers need to know.
Trump's One Big Beautiful Bill creates a new car loan interest deduction of up to $10,000 annually for new American-made vehicles. Here's how to claim it.
The One Big Beautiful Bill Act creates a new tip income deduction worth up to $25,000 annually for bartenders, servers, and 66 other qualifying professions through 2028.
The Penn Wharton Budget Model estimates the 15% universal tariff is the largest US tax increase as a share of GDP since 1993, costing households $1,500 on average in 2026.
Section 232 steel and aluminum tariffs have been doubled to 50%, making Trump-era trade levies the largest tax increase as a share of GDP since 1993. The average U.S. household now pays $1,500 more annually.
American families face an average $2,100 tariff burden in 2026 according to Tax Policy Center analysis. Here's how trade policy is affecting everyday prices.
The average tax on US imports has jumped to 18%. Here's what you'll pay more for, how to adjust your budget, and what it means for the economy.
The Department of Government Efficiency claims $160 billion in savings from federal workforce reductions, but a CBS News analysis shows the cuts have cost taxpayers $135 billion in severance, lawsuits, and economic disruption.
The 2026 tax filing season is projected to deliver a record $370 billion in refunds, with the average household receiving roughly $1,000 more than last year thanks to the One Big Beautiful Bill Act's tax cuts.
The Partnership for Public Service estimates that DOGE's federal workforce cuts have cost taxpayers $135 billion through paid leave, contract terminations, and lost productivity.
A Treasury watchdog warns the IRS entered the 2026 filing season severely understaffed after losing 19,000 employees, raising the risk of delayed refunds for millions of taxpayers.
Yale Budget Lab finds American consumers now face a 16.9% effective tariff rate—the highest since 1932. The study reveals tariffs have cost households $1,292 and could trigger 1.3 million job losses.