The Latest Breaking News from Federal Taxes

Many Social Security Recipients Pay Taxes on Their Benefits — Most Are Surprised

Millions of retirees depend on Social Security checks as a core part of their monthly income, yet many still end up paying federal taxes on those benefits. That surprise often hits when tax season arrives and the IRS calculates how much of those benefits count as taxable income. The rules…

The Free Financial Advisor · Jun 13

Tennessee Residents Still Pay Federal Taxes on Investment Income Despite State Changes

Tennessee has made headlines in recent years for eliminating its state tax on certain types of investment income, and that sounds like a big win at first glance. The reality, however, carries a twist that often catches investors off guard. While the state stepped back from taxing dividends and interest,…

The Free Financial Advisor · Apr 24

Americans Are Refusing To Pay Taxes In Protest Over Iran War, Immigration And Spending — Experts Warn Of Fines And Jail

A growing number of Americans are considering refusing to pay federal taxes as a protest against government policies. Experts warn of serious legal consequences, despite the movement's online popularity.

International Business Times UK · Apr 20

He Has 27 Rentals, Makes $15,000 A Month, But Hasn't Paid Taxes In A Decade. 'For A Guy Who Doesn't Pay Taxes, You Shouldn't Be This Broke'

Claud from Orlando, Florida, called into “The Ramsey Show” with a confession: he hasn't filed his federal taxes since 2016. Despite owning 27 rental properties and reportedly bringing in up to $15,000 a month, Claud is struggling with cash flow and facing a looming financial mess.

Benzinga · Dec 4, 2025

You Earn It, You Keep It: New Bill Would End Taxes On Social Security Benefits

A new bill in Congress could permanently eliminate federal taxes on Social Security benefits — a change that would impact millions of retirees. The You Earn It, You Keep It Act would also strengthen the program's trust funds by requiring higher earners to contribute more.

Benzinga · Sep 11, 2025

Trump’s Big Beautiful Bill Reduces Federal Taxes in Every State: Here’s How Much of a Cut You Could See

Most taxpayers just dodged a major tax hike. See how much you could save under Trump’s extended tax cuts and which states benefit the most -- and least.

GOBankingRates · Sep 3, 2025

Elizabeth Warren Says Elon Musk's SpaceX Is Paying Less Tax Than You But Getting 'Billions' From The Government: Trump And GOP 'Rigged' The Tax Code

Sen. Elizabeth Warren (D-Mass.) has accused Elon Musk's SpaceX of benefiting from billions in U.S. government contracts while paying little to no federal taxes.

Benzinga · Aug 19, 2025

New Senior Tax Deduction That Could Slash Your Retirement Income — But It Ends Soon

When it comes to retirement, it is important to identify as many tax deductions as you can. After all, you are on a limited income. Learning about a new senior tax deduction could make all the difference in the world. Many headlines have suggested that this deduction would “eliminate” all…

Clever Dude · Aug 4, 2025

Some US restaurants and servers oppose Republicans' 'no tax on tips' budget proposal

Some segments of the U.S. restaurant industry don’t support President Donald Trump’s proposal to eliminate federal taxes on tips

The Independent UK · Jun 19, 2025

Why Your California Utility Bill Could Increase Under Trump's Tax Plan

Energy bills in the Golden State may shock you if Republican lawmakers in Congress remove certain energy tax credits through Trump's 'big, beautiful bill.'

Kiplinger · Jun 10, 2025