Internal Revenue Service

May 31May 31
Debt ceiling deal won’t have much impact on the US economy, analysts say
- National
- News
President Joe Biden and House Republicans have finally agreed on a deal to raise the government’s debt ceiling, including changes to the federal budget in a number of areas. Analysts say the agreement could have only marginal effects on the US economy.

Pristine Villarreal
May 17May 17
IRS chief acknowledges Black taxpayers face higher probability of being audited
- National
- News
Internal Revenue Service Commissioner Daniel Werfel acknowledged in a letter to the US Senate on Monday that Black taxpayers are audited at significantly higher rates than non-Black taxpayers, a revelation he said has left the agency “deeply concerned.”

Pristine Villarreal
April 19April 19
White House pushes Biden agenda with surprising embrace of tax season amid fight with Republicans
- National
- News
The fraught politics of tax season have been met by the White House with a perhaps surprising response: a welcoming embrace.

Pristine Villarreal
April 14April 14
The American consumer has bad news for the economy
- National
- News
The strength of the US economy rests on the shoulders of consumers. If people are spending money, companies keep employees in their jobs … and those workers keep spending. In theory, anyway.

Pristine Villarreal
February 08February 08
IRS Suggests Waiting To File Taxes, What to Know
Rushing to file your taxes early? According to the IRS, you might want to wait. That’s because of the state relief checks sent out in 2022 and the IRS isn’t quite sure how to tax those on the federal level just yet.

Carmela Karcher
October 19October 19
New IRS rules mean your paycheck could be bigger next year
- Business
- Money
Thanks to inflation adjustments to 2023 federal income tax brackets and other provisions announced by the Internal Revenue Service this week, more of your 2023 wages may be subject to lower tax rates than they were this year, and you may be able to deduct higher amounts of income.

Ceci Partridge
May 08May 08
Trump responds to New York Times report he lost more than $1 billion, calls it ‘hit job’
- National
President Donald Trump on Wednesday said a New York Times report on his tax information and finances was based on “very old information,” tweeting that “almost all real estate developers” posted large losses in their tax returns. “You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, […]
April 26April 26
Satanic Temple Says IRS Has Designated it a Tax-Exempt Church
- Entertainment
The Satanic Temple says it’s been designated a tax-exempt church by the Internal Revenue Service. The Salem, Massachusetts-based organization said Wednesday it recently received notice from the federal agency of its new tax status. The organization says the designation will help in its legal battles against religious discrimination, allow it to pursue faith-based government grants […]

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