#prime-refunds

#prime-refunds

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.

The insights from this report help us think about potential gaps in the loss mitigation waterfall and the types of homeowners who may benefit from targeted support when they experience a crisis.

An update to the tax code will enable some car buyers to write off their monthly payments on their taxes this year, with significant caveats for eligibility.

A recent analysis from Tufts University's Center for State Policy Analysis estimates it would reduce state tax revenue by roughly $5.1 billion per year - about a 10% overall decline - while saving the median Massachusetts household around $1,250 annually.

7 On Your Side and a team of tax experts will answer your questions about changes to the tax law, new deductions, deadlines, and much more.

Under the SAVE plan, a borrower's monthly payment would be calculated based on income and family size and could be set as low as $0 per month for the lowest-earning borrowers.

In the coming weeks, the Department will issue clear guidance on next steps for borrowers enrolled in the illegal SAVE Plan, including details regarding how borrowers can move into a legal repayment plan. The Trump Administration will continue to realign the federal student loan portfolio to better serve students and taxpayers.

As the 2025 tax season approaches, Bill Bisson is stuck in tax limbo, still waiting for the Canada Revenue Agency to resolve a $3,471 penalty stemming from his 2023 return a charge he and his tax adviser say is an obvious CRA error. It's frustrating, it has created a lot of stress for me, said Bisson, who lives in Beaver Bank, N.S., just outside Halifax. It just keeps hanging over my head.

With the spring approaching, it's time to start thinking about how you'll file your taxes. Unfortunately, with the recent demise of Direct File, there isn't a free, government-provided alternative to TurboTax in 2026, and you'll need to look to other federal programs, including IRS Free File, to file your paperwork. If you don't qualify for Free File, chances are you'll need to dish out cash for Intuit's software.

A new year brings a new tax filing season. With many cash-strapped Americans worried about their finances, many can't wait to file their returns. The sooner you file, the sooner your chances of getting your refund, after all. But just when can you begin submitting your tax return to the Internal Revenue Service (IRS)? That depends. Here's what you need to know about the 2026 tax filing season.

US president says massive' fraud has caused budget imbalance, but calculations do not support this. United States President Donald Trump has claimed that unearthing and ending fraud nationwide would eliminate the country's deficit. In particular, Trump has highlighted alleged public services fraud by Somalis in Minnesota and also said there is fraud in many other places. If we stop this fraud, this massive fraud, we're going to have a balanced budget, Trump said on Tuesday during a speech at the Detroit Economic Club.

Days before the 2026 tax filing season begins, the head of the IRS announced a shake-up Tuesday, saying the personnel and operational changes are intended to improve taxpayer service and modernize the agency. The timing of the announcement coincides with a critical moment for the agency, as the IRS prepares to process millions of tax returns while simultaneously implementing major tax law changes under the tax and spending package President Donald Trump signed into law last summer.

If something sounds too good to be true, a realist would suggest that's because it might be. When President Trump promised on the campaign trail to "end inflation," it might have been one of those moments. Economists may have been surprised by the campaign pledge because low, stable inflation is a symptom of a healthy economy. When consumers can expect relative price rises, they can plan their spending and saving accordingly, while businesses can also reasonably budget for increased costs.