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The Latest Breaking News from IRS

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

Kiplinger

House Republicans pressure Biden as they vote to raise debt ceiling in exchange for spending cuts

The House voted 217-215 along party lines to raise the debt ceiling by $1.5 trillion

The Independent UK

Ex-Harvard prof sentenced, fined for lying about China ties

A former Harvard University professor convicted of lying to federal investigators about his ties to a Chinese-run science recruitment program and failing to pay taxes on payments from a Chinese university was sentenced Wednesday to supervised release and ordered to pay more than $83,000 in restitution and fines

The Independent UK

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What's in the GOP bill to lift debt limit, cut spending

House Republicans are pushing their top priorities in a bill to raise the debt limit

The Independent UK

IRS Service Improvements Could Bring Faster Tax Refunds

Recent IRS improvements mean taxpayers could see faster tax refunds next year and beyond.

Kiplinger

‘Excessive wealth disorder’: Should the ultra-rich pay more to help solve America’s problems?

Boosting taxes on America’s wealthiest people could bring in trillions of dollars to help the country solve its most pressing problems, according to Gabriela Sandoval, executive director of the non-profit Bay Area think tank Excessive Wealth Disorder Institute.

Tribune News Service

Rivian R1T And R1S Join EVs Now Eligible For Partial US Tax Credit

After the US Treasury put out its US EV tax credit guidelines, which make most EVs ineligible for at least part of the credit, Rivian submitted new paperwork.

InsideEVs

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Hydrogen energy gets ready for its close-up as US funds flow

The hydrogen rush is on.

Tribune News Service

Supreme Court to Decide if IRS Can Secretly Obtain Bank Records

Among other high-profile issues, the Supreme Court is considering a case involving taxpayer privacy and the IRS.

Kiplinger

IRS agent alleges Hunter Biden probe is being mishandled

An IRS special agent is seeking whistleblower protection to disclose information regarding what the agent contends is mishandling of an investigation into President Joe Biden’s son, Hunter Biden

The Independent UK

How to Lower Your Tax Bill Next Year

Knowing how to lower your tax bill (pay less taxes) requires some strategizing. Here are a few tax tips to help make it happen.

Kiplinger

Hydrogen energy gets ready for its close-up as US funds flow - Roll Call

Politicians in Washington and U.S. states are jockeying to land federal funding for hydrogen technology demonstration projects.

Roll Call

Best Grants for Education

The best grants for education are available to support a wide range of programs, initiatives, and more.

Tech&Learning

House Republicans struggle for unity on debt limit package

WASHINGTON — House Republicans are divided over the best mechanism for extending the debt limit deadline and how deep to cut spending in their nascent plan.

Tribune News Service

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news in one place.

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Kiplinger

Indiana Storm Victims Have an Extended IRS Tax Deadline

Indiana taxpayers impacted by recent severe storms have an extension of the April 18 deadline to file federal tax returns.

Space

Tax Day in space: How do astronauts pay taxes off Earth?

Paying taxes in space is a necessity, no matter where you happen to be visiting. This is what U.S. astronauts and other space fliers can expect.

Kiplinger

IRS Says File By April 15 for $1 Billion in Unclaimed Tax Refunds

Unclaimed tax refunds from 2021 are waiting for millions who might not know it.

Roll Call

Climate credits, IRS funds snarl GOP debt limit talks - Roll Call

A push to repeal clean energy tax credits and IRS enforcement funding has emerged as a key sticking point in House GOP debt limit talks.

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news in one place.

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Reason

Taxes Are Not the Mark of Civilized Society

Contra the famous quotation from Oliver Wendell Holmes, there's nothing particularly civilized about the way our governments spend the money we provide.

Reason

Is Clarence Thomas Ethically Challenged?

Plus: What the editors hate most about the IRS and tax day

Chicago Sun-Times

Here’s some good news for tax procrastinators looking for help

Calling the IRS? As the Tuesday filing deadline approaches, hold times are way down this tax season.

The Independent UK

Calling the IRS? Hold times are way down this tax season

The IRS says it has answered 2 million more calls this tax filing season than a year ago, with the average phone wait time now at four minutes

Fortune

The tax deadline is April 18. Here's how to file for an extension

The good news is: It’s a fairly easy process.

The Independent UK

Liz Weston: Retiring? If you need a home loan, get one first

If you’re going to need a home loan in retirement — to buy your next house or replace the mortgage you’ve got — you’re far better off applying while you’re still working if you can

Kiplinger

Tax Tips for Last-Minute Filers

Time is running out for most people to file taxes, but these tips could help you meet the deadline.

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