A health savings account (HSA) can be used to cover out-of-pocket costs with tax-advantaged savings. getty The IRS has released new guidance on updates to Health Savings Account (HSA) as part of the One Big Beautiful Bill Act (OBBBA). OBBBA expanded eligibility for HSAs and updated high-deductible health plan (HDHP) rules. The guidance explains the […]
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One senior man watches soccer match and bets on the game. getty December 1st marks the first day that legalized sports betting is permitted in the state of Missouri. Missouri now becomes the 39th U.S. State to allow legalized sports betting, according to CBS Sports. While sports betting has grown into a form of entertainment […]
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Justice served two terms as West Virginia’s governor, being elected as a Democrat in 2016 before switching parties the next year. After serving two terms, he was elected U.S. senator for West Virginia in 2024. He made hundreds of millions of dollars in profits from the sale of coal mines in 2009, vaulting him to […]
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TOPSHOT – A man harvests coffee during the end of the annual crop season at Lira farm in Santa Clara district, Porciúncula municipality, Rio de Janeiro state, Brazil on July 21, 2025. (Photo by PABLO PORCIUNCULA/AFP via Getty Images) AFP via Getty Images Earlier this year, President Donald J. Trump imposed sweeping tariffs on food […]
Read Moretransparent united states of america state flag of california with dollar currency in background symbolizing political, economical and social government getty Californians have recently proposed the so-called “2026 Billionaire Tax Act”. Under this act, California will institute a one-time 5% wealth tax on California billionaires. The purpose of this act is to address the mounting […]
Read MorePartly—but only partly—this was the result of President Donald Trump’s 2017 tax cut, which lowered the top corporate tax rate from 35 percent to 21 percent and eliminated the corporate alternative minimum tax (or CAMT). But hardly any corporations had ever paid sticker price before. Even when the top rate was 35 percent, ITEP’s cohort […]
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Raise corporate taxes. When Donald Trump was first elected president in 2016 the top corporate tax rate was 35 percent. Trump lowered that to 21 percent. Biden proposed raising it to 28 percent, still well below where it stood before Trump. Doing so, the Treasury Department estimated, would raise, on average, $135 billion per year. […]
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NEW YORK, NEW YORK – NOVEMBER 04: New York City Democratic mayoral candidate Zohran Mamdani celebrates as he takes the stage at his election night watch party at the Brooklyn Paramount on November 4, 2025 in the Brooklyn borough of New York City. (Photo by Michael M. Santiago/Getty Images) Getty Images What would be the […]
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The IRS Direct File program is no longer available. (Photo by Tasos Katopodis/Getty Images for Economic Security Project) Getty Images for Economic Security Project We knew that it was coming, but now we know for sure: Direct File, the free tax e-filing option offered by the Internal Revenue Service, has been shelved by the Trump […]
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Tax measures are on the ballots in several state and local governments this year. getty Headed to the polls today? Tax measures are on the ballot for millions of taxpayers, but typically as local-level voting issues. Only a handful of states, notably Colorado, Texas, and Washington, face state-level ballot questions. Here’s a look. Colorado In […]
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The Kenai Peninsula Borough Assembly gathered with five new members Tuesday night to discuss amendments to a recent city ordinance and appropriate funds for upcoming projects. Reorganization The assembly reorganized at the beginning of the meeting. Ryan Tunseth, who represents Kenai, was unanimously named the new assembly president, replacing Peter Ribbens of Nikiski. Kelly Cooper […]
Read More The Kenai Peninsula Borough Assembly gathered with five new members Tuesday night to discuss amendments to a recent city ordinance and appropriate funds for upcoming projects. Reorganization The assembly reorganized at the beginning of the meeting. Ryan Tunseth, who represents Kenai, was unanimously named the new assembly president, replacing Peter Ribbens of Nikiski. Kelly Cooper […]
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Granted, the Democrats are out of power, so right now, they can’t do much. But as they make their case heading into 2026 and 2028, asking the voters to return them to power, they need to be talking about a wealth tax like the 5 percent annual tax on people with $50 million or more […]
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The IRS has offered some guidance on the Employee Retention Credit in the way of FAQs. getty Taxpayers and tax practitioners assumed that the One Big Beautiful Bill Act (OBBBA) would address some unanswered questions related to the controversial Employee Retention Credit (ERC) program—and it did. The IRS has now issued FAQs to help taxpayers […]
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But it’s unlikely he’ll notice. Bresnahan’s net worth is about $48 million, according to Accountability.US, and his tax bill next year will drop by up to $23,600 thanks to the One Big, Beautiful Bill. Perhaps half of that savings will come from the “pass-through” provision in the bill, which, as I explained in July, is […]
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The flag and governor’s mansion in Old San Juan, Puerto Rico. (Photo by Ricardo ARDUENGO / AFP) (Photo by RICARDO ARDUENGO/AFP via Getty Images) AFP via Getty Images For decades Puerto Rico was one of the world’s premier pharmaceutical manufacturing hubs. A combination of skilled labor, U.S. legal protections and, most particularly, a special provision […]
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The flag and governor’s mansion in Old San Juan, Puerto Rico. (Photo by Ricardo ARDUENGO / AFP) (Photo by RICARDO ARDUENGO/AFP via Getty Images) AFP via Getty Images For decades Puerto Rico was one of the world’s premier pharmaceutical manufacturing hubs. A combination of skilled labor, U.S. legal protections and, most particularly, a special provision […]
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RICHMOND, CALIFORNIA – JUNE 21: The Amazon Prime logo is displayed on the side of an Amazon delivery truck on June 21, 2023 in Richmond, California. The Federal Trade Commission (FTC) sued Amazon alleging that company has deceived millions of customers into signing up for Prime subscription services and intentionally complicated the cancellation process. (Photo […]
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Solving Alaska’s growing shortage of state revenue is similar to that old adage: Don’t go grocery shopping when you’re hungry, you’ll make too many wrong choices. That’s when it’s important to make a list and stick to it. No impulse buys. Shop smart when walking down the grocery store aisles. Think of shopping for taxes […]
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PHILADELPHIA, PA – SEPTEMBER 04: Philadelphia Eagles quarterback Jalen Hurts (1) runs the ball during the game between the Dallas Cowboys and the Philadelphia Eagles on September 4th, 2025 at Lincoln Financial Field in Philadelphia, PA. (Photo by Terence Lewis/Icon Sportswire via Getty Images) Icon Sportswire via Getty Images Football is back—and so is sports […]
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The confused and badly failing Democrat Party did nothing about Jeffrey Epstein while he was alive except befriend him, socialize with him, travel to his Island, and take his money! They knew everything there was to know about Epstein, but now, years after his death, they, out of nowhere, are seeming to show such love […]
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The confused and badly failing Democrat Party did nothing about Jeffrey Epstein while he was alive except befriend him, socialize with him, travel to his Island, and take his money! They knew everything there was to know about Epstein, but now, years after his death, they, out of nowhere, are seeming to show such love […]
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SINGAPORE, SINGAPORE – MARCH 02: (EDITORIAL USE ONLY. NO STANDALONE PUBLICATION USE (NO SPECIAL INTEREST OR SINGLE ARTIST PUBLICATION USE; NO BOOK USE)) Taylor Swift performs during “Taylor Swift | The Eras Tour” at the National Stadium on March 02, 2024 in Singapore. (Photo by Ashok Kumar/TAS24/Getty Images for TAS Rights Management) Getty Images for […]
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The outgoing officials are Chief Medical Officer Dr. Debra Houry; Dr. Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Dr. Daniel Jernigan, director of the National Center for Emerging and Zoonotic Infectious Diseases; and Dr. Jennifer Layden, director of the Office of Public Health Data, Surveillance, and Technology. “For the good […]
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The outgoing officials are Chief Medical Officer Dr. Debra Houry; Dr. Demetre Daskalakis, director of the National Center for Immunization and Respiratory Diseases; Dr. Daniel Jernigan, director of the National Center for Emerging and Zoonotic Infectious Diseases; and Dr. Jennifer Layden, director of the Office of Public Health Data, Surveillance, and Technology. “For the good […]
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“In fact, where are the journalists even asking them to make a statement, OK?” she continued. “A state leader—a state leader is speaking about your constituent, and launching a lawsuit and saying they’re gonna impoverish them for executing a First Amendment right. Where are you? If you are Trump, the first thing you should have […]
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A fundamental problem for governments is getting citizens to comply with their laws and policies. They can’t monitor everyone and catch all the rule-breakers. “It’s a logistical impossibility,” says Lily L. Tsai, MIT’s Ford Professor of Political Science and the director and founder of the MIT Governance Lab. Instead, governments need citizens to choose to […]
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Several of President Donald Trump’s key campaign promises were written into the new Republican law which slashes federal benefits and implements tax breaks for primarily higher-income Americans. One of the more touted provisions, the elimination of federal income taxes on tips for certain workers, is intended as a fulfillment of a pledge that he adopted […]
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WASHINGTON, DC – JULY 03: Speaker of the House Mike Johnson (R-LA) (C) and Majority Leader Steve Scalise (R-LA) (2nd R) celebrate with fellow Republican lawmakers after the One Big Beautiful Bill Act passed the House of Representatives at the U.S. Capitol on July 03, 2025 in Washington, DC. The House passed the sweeping tax […]
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President Donald Trump’s efforts to coax wary House Republicans off the fence to support his “big, beautiful bill” have seemingly succeeded, as GOP leaders say the president’s centerpiece legislation will likely pass by Friday. Trump pulled out all the stops to achieve this outcome, including turning to what he does best, or at least most […]
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President Donald Trump’s efforts to coax wary House Republicans off the fence to support his “big, beautiful bill” have seemingly succeeded, as GOP leaders say the president’s centerpiece legislation will likely pass by Friday. Trump pulled out all the stops to achieve this outcome, including turning to what he does best, or at least most […]
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