IRS Direct File won’t be available next year. Here’s what that means for taxpayers.
IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.
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US imposes sanctions on Colombia’s president and family members over drug trade allegations
The Trump administration imposed sanctions Friday on Colombian President Gustavo Petro, his family and a member of his government over accusations of involvement in the global drug trade.
Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month
The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees every month.
President Trump levies new sanctions on Russian oil giants in a push on Vladimir Putin to end the Ukraine war
The sanctions against oil giants Rosneft and Lukoil followed months of calls from Ukrainian President Volodymyr Zelenskyy to hit Russia with harder sanctions on its oil industry.
US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s...
Federal workers endure financial strain and fear layoffs as the government shutdown drags on
With every passing day of the government shutdown, hundreds of thousands of federal employees furloughed or working without pay face mounting financial strain. And now they are confronting new uncertainty...
US government is phasing out paper checks. Here’s what that means.
The U.S. government starts phasing out paper checks for most programs on Tuesday.
Shutdown standoff deepens ahead of crucial meeting at the White House
Top Senate Democrat Chuck Schumer and Republican Majority Leader John Thune are digging in ahead of this week’s deadline to keep the government open, showing little evidence of budging even...
Who qualifies for ‘no tax on tips’ and what counts as a tip? Here are the new rules.
The Treasury Department is moving closer to making President Donald Trump’s “no tax on tips” promise a reality. But new guidance released Friday tends to limit the number of tipped...
Billy Long removed as IRS commissioner, will serve as Iceland ambassador
President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday.