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Internal Revenue Service Newsletter
  • NIWA highlights impacts of new tax law on women, communities 19 Jul 2025 08:24 GMT

    … Income Tax (CIT), Capital Gains Tax (CGT), Value Added Tax (VAT), Withholding Tax (WHT … ; Collaboration with the Ebonyi State Internal Revenue Service (EBSIR) to enhance compliance and …

  • New tax deduction could mean more money in your pockets 19 Jul 2025 07:54 GMT

    … past, just having so much tax on it, it takes quite … ” received when filing their taxes, according to the IRS. Qualified tips are … on paper. And they are taxed on it heavily. Very few … cash,” Carroll said. The tips tax deduction will take effect from …

  • Here's How Trump's Tax Bill Will Affect Social Security Taxes 19 Jul 2025 04:42 GMT

    … impact on Social Security taxes. Trump campaigned on eliminating … How federal Social Security taxes work The IRS uses your " … combined income" to calculate your tax … 85% Data source: IRS. The federal tax process for Social Security …

  • Tax preparation costs should be ‘refundable’ costs 19 Jul 2025 03:23 GMT

    … . Internal Revenue Service piloted its “Direct File” program, through which its victims — American taxpayers … on July 4 directs the IRS (per DOGE recommendation) to find … exceed the amount the IRS pretends you “owe.” Tax preparation costs are …

  •  Edo Taps ETranzact to Simplify Revenue Collection 19 Jul 2025 02:44 GMT

    … to enhance transparency and efficiency revenue collection.  The new solution, EDSAA … Osayanmo Aigbuobasimwin on the new revenue collection process and his efforts … Chairman of the Edo State Internal Revenue Service, Oladele Bankole-Balogun was convinced …

  • Billy Long sworn in as IRS commissioner, taking over agency he once sought to close 19 Jul 2025 02:25 GMT

    … goal is to abolish the Internal Revenue Service and let all the outsiders … The nearly 900-page tax and spending bill Trump signed … , pandemic-era employee retention tax credits. He appeared before … s connections to other alleged tax loopholes. They have also …

  • Lawmakers Challenge IRS Over Trump-Era Church Political Activity Ruling 19 Jul 2025 02:14 GMT

    … colleagues in a letter to Internal Revenue Service (IRS) Commissioner Billy Long expressing … to establish guardrails around organizational tax exemption, Congress included the … interference by securing tax exemptions while taxpayers are protected from …

  • Washington Roundup: Trump’s Epstein fallout; Congress backs rescissions; IRS church policy shifts 19 Jul 2025 01:53 GMT

    … office at risk of their tax-exempt status. Trump Administration … into our public square.” Tax-exempt nonprofits, including houses … a provision in the tax code called the Johnson … to the possible IRS shift.  The Internal Revenue Service building in Washington …

  • Trump's auto loan tax break could save working class buyers thousands, experts say 18 Jul 2025 23:58 GMT

    … in the zoo of tax policies," economist Patrick … commonly known AGI. The Internal Revenue Service explains the difference on its … depending on their federal income tax bracket. A borrower with … eventually be published by the IRS. Ivan Drury, the director …

  • Bill aims to boost US small businesses with tax deductions 18 Jul 2025 23:46 GMT

    … permanent tax deduction for small businesses, repeal certain IRS reporting … economies. - Elimination of taxes on tips for tipped … taxes on overtime for hourly workers. - Repeal of IRS … for his signature, includes tax policies that will strengthen the …

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