Dec 13 Everything you want to know about Medicare’s rules on health savings accounts By Philip Moeller The rise of high-deductible employer health plans has created one of the most unpleasant surprises for older employees: anyone on Medicare is no longer allowed to make tax-free contributions to a health savings account (HSA). Continue reading
Nov 09 Watch 6:52 Outgoing IRS chief ‘deeply concerned’ about cuts to already strained agency By PBS News Hour IRS Commissioner John Koskinen has been a lightning rod for Republican lawmakers who have called for his impeachment and criticized the agency he’s been running since 2013. As one of the last Obama administration holdovers, he’ll complete his term this… Continue watching
Oct 26 Tea party groups settle lawsuits over IRS mistreatment By Sadie Gurman, Associated Press The Trump administration has settled lawsuits with tea party groups that received extra, often burdensome scrutiny when applying for tax-exempt status. Continue reading
Oct 13 IRS suspends $7.25 million Equifax contract after pressure from Congress By Stephen Ohlemacher, Associated Press The IRS said it suspended the contract as "a precautionary step" while the agency reviews the company's security systems. Continue reading
Oct 05 WATCH: Former Equifax CEO testifies in fourth hearing over data breach By Joshua Barajas Former Equifax CEO Richard Smith will field questions over the Equifax hack from the House Financial Services Committee starting at 9:15 a.m. ET Thursday. Watch live here. Continue reading
Oct 03 Equifax, under fire for data breach, wins $7.25 million contract from IRS By Associated Press The no-bid contract, first reported by Politico, is for Equifax to provide the IRS with taxpayer and personal identity verification services… Continue reading
Apr 26 WATCH: Treasury Secretary Mnuchin says Trump has ‘no intention’ of releasing tax returns By Julie Bykowicz and Jill Colvin, Associated Press Mnuchin addressed Trump’s tax returns Wednesday. Watch live in the player above. WASHINGTON — President Donald Trump “has no intention” of releasing his taxes returns to the public, Treasury Secretary Steve Mnuchin said Wednesday, asserting Americans have “plenty of information” about… Continue reading
Apr 13 What other countries can teach America about taxes By Paul Solman Journalist T.R. Reid's latest project was to find the world’s best income tax systems and report them back to the home of tax revolution: the U.S. Continue reading
Apr 13 Good news, procrastinators: Tax deadline pushed to Tuesday By Stephen Ohlemacher, Associated Press The tax agency said Thursday that nearly 40 million taxpayers have yet to file their returns. Continue reading
Mar 30 Feds pull FAFSA tool after potential data breach By Collin Binkley, Associated Press Families applying for federal student aid are facing extra hurdles this year after a potential data breach led federal officials to remove an online tool that smoothed the process. Continue reading