Momo Productions | Digitalvision | Getty Images Employers are increasingly turning to the 401(k) playbook to boost their workers’ uptake of health savings accounts. HSAs are tax-advantaged accounts that carry powerful financial benefits relative to other types of savings accounts. They carry a three-pronged tax break: Money that savers contribute to HSAs doesn’t count toward…
Students walk on campus at Harvard University, in Cambridge, Massachusetts, U.S., Nov. 19, 2025. Reba Saldanha | Reuters The U.S. Treasury Department and the IRS issued proposed regulations on Thursday to end federal tax-exempt status for thousands of private schools that use race to influence factors like admissions or student aid. Such a move threatens…
The Treasury Department and Internal Revenue Service proposed rules on Wednesday to restrict access to refundable tax credits for certain immigrants. Tax experts say the move would potentially disqualify hundreds of thousands, if not millions, of people — particularly lower earners — from the tax benefits and represents the latest move by the Trump administration…
New York City Mayor Zohran Mamdani speaks during the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Michael M. Santiago | Getty Images New York City’s pied-à-terre tax can continue its planned rollout while it faces a legal challenge, an appellate judge ruled Thursday. The ruling comes…
U.S. President Donald Trump departs after a Cabinet meeting at Camp David in Thurmont, Maryland, U.S., July 31, 2026. Nathan Howard | Reuters A federal trade court on Thursday upheld President Donald Trump‘s elimination of the “de minimis” exemption, which allowed goods valued under $800 to be imported to the U.S. tax free. Trump, a…
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….
