President Donald Trump speaks to reporters after landing in Air Force One at Joint Base Andrews, Maryland, July 19, 2026. Andrew Harnik | Getty Images President Donald Trump on Friday appealed a federal judge’s blistering order finding he filed a bad-faith $10 billion lawsuit in order to reach an advantageous settlement. The notice of appeal…
Acting Attorney General Todd Blanche gives opening remarks during a Senate Judiciary Committee confirmation hearing on his nomination to be Attorney General, at the Dirksen Senate Office Building in Washington, DC on July 15, 2026. Nathan Posner | Anadolu | Getty Images The nomination of Todd Blanche for attorney general was at risk on Wednesday…
Me 3645 Studio | Moment | Getty Images Some high-earning investors who deferred capital gains taxes through a special set of funds will soon have a tax bill coming due. Authorized by the Tax Cuts and Jobs Act of 2017, Opportunity Zones are economically distressed communities nominated by states and certified by the Treasury Department….
Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social Security hearing in Washington, DC, US, on Wednesday, June 10, 2026. Tierney L. Cross | Bloomberg | Getty Images Internal Revenue Service CEO Frank Bisignano dismissed allegations that he spied on his fellow executives while…
Voters in California will decide in November whether to impose a one-time, 5% tax on residents and trusts with a net worth of more than $1 billion. The proposal is deeply controversial, with opponents on both sides of the aisle warning that passage of the measure — the first of its kind in the U.S….
A Florida federal judge in a blistering order on Monday said that President Donald Trump had filed a $10 billion lawsuit against the Internal Revenue Service “for an improper purpose” — to gain the appearance of “judicial legitimacy” for a controversial settlement with the Justice Department that briefly led to the creation of a $1.8…
U.S. President Donald Trump speaks during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026. Evan Vucci | Reuters Trump Accounts officially launched on July 4, introducing a new tax-deferred investing option for children. Unlike 529 college savings plans and…
Contributions to Trump Accounts will not be subject to gift tax reporting under the safe harbor rules, according to guidance issued Monday by the U.S. Department of the Treasury and the Internal Revenue Service. As a result, parents, guardians, grandparents and others can contribute up to $5,000 a year in after-tax dollars to a Trump…
Governor Gavin Newsom attends the 94th Annual Meeting of the United States Conference of Mayors in Long Beach, California on June 4, 2026. Myraneli Fabian | Anadolu | Getty Images California Gov. Gavin Newsom, who is widely viewed as a 2028 presidential contender, on Friday called for a nationwide tax on billionaires as part of…
A person holds a sign reading “Save Our Social Security” during a rally against President Donald Trump’s tax plan, near the U.S. Capitol in Washington, April 10, 2025. Bryan Dozier | Afp | Getty Images Washington lawmakers have a new deadline by when to fix Social Security‘s retirement trust fund, based on a new annual…
