Social Security cuts are inevitable by 2035 unless lawmakers act

Jun 27, 2024
Social Security has been known as “the third rail of American politics” since the early 1980s, with the idea that touching the program can prove deadly to a politician’s career.
Because Social Security can’t take on any debt or tap into general revenues to fund benefits, Congress needs to do something before the money runs out.
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Why Trump wants to make tips tax-free

Jun 21, 2024
Plus, we get smarter on "AI slop" and do the numbers on workplace protections for pregnant workers.
LAS VEGAS, NEVADA - JUNE 09: Republican presidential candidate, former U.S. President Donald Trump greets supporters upon arrival for his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. The former president continues campaigning around the country amidst ongoing legal troubles. Trump is scheduled to sit for a probation interview via video on June 10 related to the felony conviction in his New York hush money case. (Photo by Brandon Bell/Getty Images)
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The Treasury Department and IRS announce new plan to close tax loophole

Jun 18, 2024
It could lead to collecting more than $50 billion dollars in tax revenue over ten years.
“This is something that can only be pulled off, frankly, by the wealthiest of wealthy taxpayers," said U.S. Deputy Treasury Secretary Wally Adeyemo. 
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The IRS is making its free tax filing tool available to all

May 30, 2024
Taxpayers told Marketplace they were satisfied with the service, and were able to save money this year.
The new IRS free federal filing service was only available to select people this year, but the people who did use it praise its simplicity.
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Your last-minute guide to Tax Day

Apr 15, 2024
While today is the deadline to pay taxes, you can still file an extension.
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Filing your taxes this year may include more AI

Apr 15, 2024
Tax software companies like Intuit and H&R Block are turning to generative artificial intelligence to give products an edge.
Intuit and H&R Block introduced dueling AI assistants late last year, but experts say they're not wholly reliable.
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For public good, not for profit.

Mentorship, education are seen as ways to tackle accountant shortage

Apr 12, 2024
​The industry is trying to reverse the decline in college students studying accounting with incentives like scholarships and mentoring.
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The IRS pilots its free tax-filing program

The new program, called Direct File, has been rolled out in a dozen states. But how does it stack up to private tax-filing software?
“I give it a solid B,” says Dylan Matthews of Vox about the IRS' free filing software.
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Vacant office buildings create a tax revenue problem for cities

Feb 16, 2024
Take Boston. Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.
Over the next five years, Boston could face a tax revenue shortfall of up to $1.5 billion.
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