Taxes February 26, 2025
Chances for early action on Donald Trump's tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid.
Taxes February 25, 2025
Curious what your paycheck would look like if President Trump actually does get rid of the federal income tax? Recently, GOBankingRates compiled data to determine what checks and income would look like, state by state.
Small Business February 21, 2025
Small businesses employ half the U.S. workforce and they're already struggling to cope with the consequences of Trump's trade wars.
IRS February 20, 2025
The IRS abruptly fired up to 10 employees in its Syracuse, NY office Thursday, part of a group of almost 7,000 agency workers let go by the Trump administration during tax season.
IRS February 20, 2025
The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.
IRS February 20, 2025
A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.
Accounting February 19, 2025
The Big Four accounting firm has informed its staff that it is ending its diversity, equity and inclusion programs, a move that comes as the new Trump administration is taking a stand against these initiatives.
IRS February 19, 2025
National Treasury Employees Union Chapter 66 president Shannon Ellis said the union had been informed by IRS leadership that as many as 1,000 probationary employees would be let go this week.
IRS February 18, 2025
Treasury Secretary Scott Bessent said Americans “don’t have to be concerned about any of this,” referring to attempts by the DOGE team to access a broad range of taxpayer data, including on individuals.
Payroll February 18, 2025
Social Security Agency acting commissioner Michelle King has reportedly resigned in protest over the effort led by billionaire Elon Musk to gain access to recipients’ personal information.
Taxes February 17, 2025
Secretary of Defense Pete Hegseth accused former President Joe Biden’s administration of rushing an IRS audit into him in a post to social media platform X on Monday.