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Texas lawmakers approve use of public money to pay for private school tuition – CBS News Watch CBS News A landmark education bill allowing public money to pay for private school tuition is headed to Texas Gov. Greg Abbott’s desk to become law. CBS News national reporter Karen Hua has the details. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Data shows the IRS’ Direct File free tax-filing tool has helped save taxpayers money. Now lawmakers want to know why the Trump administration may soon pull the plug on the program.The Trump administration is planning on ending Direct File, the Associated Press reported earlier this month, citing people familiar with the plan. The program, launched during Joe Biden’s presidency, has been credited by some users with making it easier and cheaper to file their taxes, saving the average user $160 in tax preparation fees and hours of their time, according to the Economic Security Project, an advocacy group focused on…

Some environmental groups concerned Trump administration could revoke their tax-exempt status – CBS News Watch CBS News As Earth Day approaches, environmental groups say they’re worried their nonprofit status could soon come under threat from the Trump administration. Tracy Wholf, senior coordinating producer of CBS News’ climate unit, joins “America Decides” with the details. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Does the IRS have the power to revoke Harvard’s tax-exempt status? – CBS News Watch CBS News Harvard University’s battle with the Trump administration escalated to a new level this week. The Internal Revenue Service is now considering revoking the school’s tax-exempt status. CBS News national correspondent Nikki Battiste reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Will Trump’s tariffs lead to more revenue to cover tax cuts? – CBS News Watch CBS News The head of the World Trade Organization warned a steep decline in global trade volume is coming due to President Trump’s sweeping tariffs, but the president promises his policies will lead to a boon for U.S. manufacturing and increased revenue. Scott Lincicome, vice president of the Cato Institute’s Trade Policy Center joins to discuss. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

The IRS has a message to people who think they might have missed out on a stimulus check or a tax refund for the 2021 tax year: Today’s the last day to claim the money. The tax agency in December sent $2.4 billion in “special payments” to about 1 million taxpayers. In doing so, part of their goal was to make sure that people who missed out on federal stimulus payments issued during the pandemic would finally get their money. But there may still people who have fallen through the cracks, missing out on the stimulus payments or their tax refunds for…

Most common tax filing mistakes that can cost you – CBS News Watch CBS News April 15 is the deadline to file your taxes, unless you live in one of the states the IRS is allowing people to request an extension due to natural disasters. CPA and Bankrate reporter Kemberley Washington shares some last-minute tax tips. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link