IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know
The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.
IRS to roll out Salesforce AI agents following workforce reduction: report
IRS deploys Salesforce AI agents across divisions after massive staffing reductions, aiming to help overworked staff process requests faster and more efficiently.
IRS raises retirement limits for 2026 amid push to help savers invest
'The Big Money Show' breaks down new IRS limits for 401(k)s and IRAs, giving savers more room to invest for retirement.
IRS reveals updated retirement contribution limits for 2026
New retirement plan contribution limits announced by the IRS for 2026 include higher 401(k), IRA and catch-up contribution amounts for enhanced retirement planning.
Trump moves to crack down on rich Democrat donors through IRS
'The Big Money Show' panel discusses President Donald Trump's plan to target wealthy Democratic funding networks.
Trump admin plans IRS overhaul to probe left-leaning groups more easily, WSJ reports
President Donald Trump's administration is installing allies in the IRS criminal division to investigate left-leaning organizations they believe fund protests.
The government is shut down but the tax filing extension deadline remains
The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.
IRS reveals 2026 tax adjustments with changes from 'big, beautiful bill'
The IRS released updates for tax year 2026, adjusting tax brackets, standard deductions, estate tax exclusions and various credits for inflation and the One Big Beautiful Bill Act.
Social Security Commissioner Frank Bisignano named IRS CEO
Social Security Commissioner Frank Bisignano is set to take on a second role in the Trump administration as he was named the CEO of the Internal Revenue Service.
Trump's H-1B visa overhaul protects American workers from unfair competition, economist says
Joe Lavorgna, senior counselor to the Treasury secretary, discusses new 'no tax on tips' rules and President Donald Trump's H-1B visa overhaul on 'Varney & Co.'
Trump removing IRS commissioner Billy Long after serving just two months in role
President Trump is removing Billy Long as IRS Commissioner after just two months in the role, with Treasury Secretary Scott Bessent serving as acting replacement.
Feds have completely taken their 'eye off the prize,' economist says
Economist Steve Moore and Heritage Foundation chief economist EJ Antoni dissect the Federal Reserve's 'luxurious' construction amid demands to lower interest rates on 'The Bottom Line.'
Jackie DeAngelis goes off on IRS: ‘I’m sick of it’
‘The Big Money Show’ panelists react to the latest news that the IRS has slashed its workforce by 25%.
IRS clears way for churches to endorse political candidates
The Internal Revenue Service argued that internal church discussion regarding electoral politics don't "run afoul of the Johnson Amendment as properly interpreted"
Sponsors flee from National Association of Black Accountant recruiting event: report
Accounting firms face a worker shortage and political pressure as sponsors withdrew from the National Association of Black Accountants convention due to the current political climate.
The pope took a vow of poverty. He may still need to file US taxes.
Members of the Order of St. Augustine, which Pope Leo XIV entered as Robert Prevost in his 20s, take the strictest vow of poverty, known as a Solemn Vow.
US economy could still see a 'technical recession': EJ Antoni
Unleash Prosperity senior fellow EJ Antoni analyzes the Republican tax bill and the state of the U.S. economy on 'Varney & Co.'
What else is 'unacceptable and wasteful' at the IRS?
Rep. Scott Perry, R-Pa., weighs in on Treasury Secretary Scott Bessent's vow to end the politicization of IRS audits and the NIH's 'abuse' of beagles on 'The Bottom Line.'
Trump is focused on undoing Biden's regulatory damage, Deputy Treasury Secretary says
Deputy Treasury Secretary Michael Faulkender discusses President Donald Trump's budget bill and deregulatory agenda on 'Making Money.'
2025 tax season: What do returns look like so far this year?
New data from the Internal Revenue Service shows that the average tax refund amount is up over 3% from a year ago, though the number of refunds issued is down by more than 1%.