Texas announces record budget surplus of nearly $33B: 'Unprecedented'
The Texas government announced that it brought in a $32.7 billion budget surplus, which is the largest in the state's history, setting up a debate over taxes and spending.
IRS issues 12 million tax refunds after correcting for 2020 unemployment benefit break
The Internal Revenue Service said that it has issued tax refunds to millions of Americans who overpaid taxes on their unemployment benefits in 2020.
Florida congresswoman urges Washington to 'evaluate' Ukraine spending: 'We're not auditing'
Florida Republican Rep. Anna Paulina Luna discussed whether Kevin McCarthy's concessions could lead to a government shutdown and addressed Ukraine spending.
Rep. Anna Paulina Luna calls on Washington to conduct 'audit' of Ukraine spending
Florida Republican Anna Paulina Luna discusses if concessions made by Kevin McCarthy will lead to a government shutdown and how the GOP plans to 'streamline' government spending on 'Cavuto: Coast to Coast.'
Biden's open border 'huge cost' to American taxpayer: Rep. Mark Green
House Homeland Security Committee Chair Rep. Mark Green vows to hold DHS Secretary Mayorkas responsible for Biden's open border crisis on 'Varney & Co.'
Following McCarthy's speaker win, 'America is on the right track': David Bossie
Citizens United President David Bossie argues democracy is 'alive and well' following the House's battle to elect a speaker.
House GOP to vote on bill blocking IRS hiring spree
House Republicans are set to hold a vote on the Family and Small Business Taxpayer Protection Act which would rescind IRS funding for hiring more agents.
Trump tax returns: IRS hobby rules put $1.1M of deductions at risk
The IRS can disallow losses on Donald Trump's tax returns if the service decides Trump's businesses were actually hobbies instead of for-profit enterprises.
IRS says avoid 'surprise' tax bill by making fourth-quarter payment before Jan. 17
Taxpayers who fail to make a fourth-quarter estimated tax payment by Jan. 17 could be hit with a "surprise" financial penalty, according to the IRS.
New IRS tax brackets take effect in 2023, meaning your paycheck could be bigger
Higher tax brackets announced by the IRS in October are set to take effect this year, potentially allowing more Americans to shield their income from the government.
Texas and Florida remain top destinations for movers in 2022, U-Haul says
A U-Haul analysis of more than two million one-way trips in 2022 found that Texas and Florida ranked as the top two destinations for movers last year.
Nearly 80% of Americans forecasting economic difficulty in new year, poll finds
Many adults in the U.S. have somber predictions about how America will fare economically in the new year, according to a Gallup poll released Tuesday.
Consumers are 'right to being pessimistic' about their income: Tomas Philipson
University of Chicago economist Tomas Philipson discusses the Inflation Reduction Act's impact on energy policies, tax changes, and Americans' concerns with the U.S. economy.
New York's first legal weed shop opens, officials hope budding industry will be tax revenue boon
New York's first legal recreational marijuana dispensary, Housing Works Cannabis Co, opened in Lower Manhattan on Thursday, with dozens of others on the way.
IRS updates guidance on 1099-Ks: What to know
The IRS issued an updated frequently asked questions document about common taxpayer questions regarding Form 1099-K, including the recently delayed $600 reporting threshold.
IRS hiking interest rates Jan. 1
The Internal Revenue Service will raise interest rates for overpayments and underpayments at the start of the new year for both individuals and corporations.
Top Democratic congresswoman has up to $1 million in fund tied to Cayman Islands
Rep. Suzan DelBene, D-Wash., who was recently selected to lead Democrats' 2024 House election effort, has up to $1 million tied up with a hedge fund operating in the Cayman Islands.
New corporate stock buyback tax poised to take effect in 2023: What to know
The 1% tax on share repurchases passed by Democrats earlier this year begins in January, but many companies say they remain unfazed by the new penalty.
America's 'monstrous debt' is increasing exponentially: Tomas Philipson
Former Acting Council of Economic Advisers Chair Tomas Philipson addresses America's debt problem after the Senate passed Biden's $1.7T spending bill on 'Cavuto: Coast to Coast.'
IRS delays new tax-reporting rule on Venmo, PayPal payments over $600
A controversial new tax-reporting policy involving payments over $600 on e-commerce platforms like eBay and Etsy will be delayed by one year, the IRS said.