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The Latest Breaking News from IRS

SCOTUS blocks Trump tax records release

Trump asked the high court to intervene after lower courts repeatedly rejected his appeals

Salon

Twitter Was Toxic Long Before Musk Took Over

Plus: Hate speech is free speech, tax gap is stable, and more...

Reason

New Jersey Update: Cannabis Deductions Bill Heads To Senate, Expungement Clinics In Trenton

Under the Internal Revenue Service (IRS) code 280E, the marijuana industry remains blocked from taking federal deductions, which precludes entities that illegally sell Schedule I or II drugs from key tax deductions in their federal filings.

Benzinga

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read the most diverse news in one place.

Trump asks Supreme Court to block disclosure of his tax returns

WASHINGTON — Former President Donald Trump has asked the U.S. Supreme Court to block a congressional committee from getting years of his tax returns.

Tribune News Service

What's new with ACA in 2023

Though much coverage stays the same from year to year, there are a few upcoming changes for 2023

Salon

IRS ignores law-breaking churches

The IRS has largely abdicated its enforcement responsibilities as churches have become more brazen

Salon

Shopping for ACA health insurance? Here's what's new this year

There's finally been a fix to the "family glitch" that made marketplace health plans sometimes unaffordable. And although premiums are rising, subsidies are too, and more people are eligible.

WEKU

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Coalition gears up for lame-duck push to shield online sellers

WASHINGTON — Lobbyists for online merchants and payment platforms and their congressional allies are pressing to raise the threshold that triggers tax reporting for certain sales and services before IRS forms go out to more gig workers and freelancers operating online early next year.

Tribune News Service

Could Minnesota officials have stopped Feeding our Future fraud sooner?

MINNEAPOLIS — Why did it take almost two years for government officials to shut down Feeding Our Future and cut off payments to individuals now accused of orchestrating the nation's largest pandemic fraud?

Tribune News Service

What Are I-Bonds? Inflation Made Them Popular. What Now?

Inflation has made Series I savings bonds, known as I-bonds, enormously popular with risk-averse investors. So how do they work?

Kiplinger

IRS: Growing gap between US income taxes owed and paid

The IRS says the amount of income tax money owed but not paid to the government is projected to grow

The Independent UK

‘I had my son on my hip’: How this congresswoman from Delaware landed her first internship

WASHINGTON — When Lisa Blunt Rochester went to a town hall meeting in the late 1980s, she wasn’t necessarily looking for a job. She just wanted to hear what her elected officials had to say.

Tribune News Service

Appeals court: Release Trump's taxes

Trump could still appeal to the Supreme Court — and run out the clock before potential GOP House takeover

Salon

Coalition gears up for lame-duck push to shield online sellers - Roll Call

Lawmakers argue Congress should act to avoid tax woes for casual online sellers in the 2023 filing season ending next April.

Roll Call

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Salon

Driver shortage impacts care in rural US

A community organization in Minnesota that drives seniors to essential services is facing many roadblocks

The Texas Tribune

Former Houston lawmaker Ron Wilson pleads guilty to federal tax evasion

Ron Wilson, a Democrat who served as state representative between 1977 and 2004, pleads guilty to one count of tax evasion after trying to hide some of his income and failing to pay taxes over two decades.

Miami Herald

Watchdog group asks feds to investigate funding behind Florida's ghost candidate scandal

TALLAHASSEE — The secret fundraising network created by political operatives working for Florida Power & Light and other clients appears to have violated campaign finance laws and should be investigated, according to a complaint filed Thursday with the Federal Elections Commission by a Washington-based watchdog group.

The Independent UK

IRS hires 4,000 customer service workers ahead of tax season

The IRS has hired an additional 4,000 customer service representatives who are being trained to answer taxpayer questions during the 2023 tax filing season

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Roll Call

House GOP wants answers on IRS leak - Roll Call

House Ways and Means Republicans are renewing pressure on the Biden administration over a leak of taxpayer information to ProPublica.

Roll Call

‘I had my son on my hip’: How this congresswoman landed her first internship - Roll Call

Lisa Blunt Rochester was holding her toddler, but she didn’t let that stop her from walking up to Tom Carper after a local event.

The Independent UK

AP News Digest 3 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

GOP campaigns against the IRS, vowing to slash its funding

IRS pleas for more funding from Congress finally paid off this summer

The Independent UK

IRS raises contribution limits for retirement savings plans

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year

Axios

IRS increases 401(k), IRA contribution limits for inflation

The IRS is raising contribution limits to retirement plans, including 401(k) and IRAs, by a record 9.8% for 2023.

Chicago Sun-Times

Standard deductions, tax brackets rise due to inflation

The IRS is increasing standard deductions for 2023 and tax brackets will be revised upward because of inflation.

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