Chicago attorney Rachel Cohen owes more than $8,000 in federal income taxes — but has intentionally left that balance unpaid. “I’m not paying my federal income tax this year,” Cohen said in a widely viewed TikTok video from March 2 about her decision. The 31-year-old community organizer filed her federal …
NEWYou can now listen to Fox News articles! New York Gov. Kathy Hochul became the latest blue-state leader to lament the flight of wealthy tax-paying residents to Republican-led tax havens like Florida, Alaska, Wyoming and Tennessee, calling millionaires who stayed in the Empire State to fund its massive social services …
NEWYou can now listen to Fox News articles! Tax scams rarely stay the same for long. Each filing season brings new tactics designed to trick taxpayers into revealing personal information or claiming refunds they are not entitled to receive. In recent years, fraud tied to unemployment systems, stimulus payments and …
On the heels of a massive publicity push, families have signed up about 3 million kids for Trump accounts, according to the U.S. Department of the Treasury — well ahead of the July launch date. The “free money” is likely a major incentive. The federal government has said it will …
Subsidies. Love ’em or hate them, they dominated the news during the Affordable Care Act’s sign-up season, and their reduction is now hitting many enrollees in the pocketbook. While lawmakers continue to disagree on a way forward, and the politics of affordability keeps the issue front and center, it would …
The 2026 tax filing season is officially underway, but one part of the process will look different for some filers: The IRS is getting out of the business of issuing paper checks. In a March 2025 executive order, President Donald Trump called on government agencies to stop issuing physical checks …
NEWYou can now listen to Fox News articles! Newly sworn-in Democratic Gov. Abigail Spanberger wasted no time implementing her party’s priorities and getting rid of Republicans’ now that she is the head honcho in Virginia. A long list of moves by Spanberger and Virginia Democrats, who now have a trifecta …
Polymarket banner outside the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Prediction markets are booming, with monthly trading in the billions and a recent estimate from a consulting firm saying that the relatively new phenomenon could grow to $1 trillion by the end of the …
A woman puts money into a Salvation Army red kettle outside of Giant Supermarket in Alexandria, Virginia on November 22, 2023. Eric Lee | The Washington Post | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the …
With year-end approaching, it’s a good time to make sure your tax house is in order. It’s especially important for crypto investors, given a new IRS brokerage reporting requirement covering transactions after Jan. 1, 2025. The IRS generally treats crypto like property, similar to stocks or real estate, so selling …
