When the US Supreme Court legalized sports betting, states were quick to get in on the action. But as lawmakers grow reliant on taxes from betting, what do they owe problem gamblers?
Big changes would require an act of Congress but lawmakers have not stepped up. And there’s been pushback against new rules the IRS has proposed for these accounts reserved for giving.
Republicans and Democrats have committed to making this family-friendly government benefit a little more generous. Unless lawmakers act, it will get much smaller in 2026.
We often talk about the American political landscape as if it were a line – Democrats on the left, Republicans on the right. Two political scientists say that view doesn’t reflect reality.
The federal government wanted to give taxpayers a couple months to prepare the year’s taxes. But as filing became more complex, the date was pushed back.
As the US increasingly becomes a cashless society, it’s getting harder to use currency to pay for things – including taxes. One fearless economist gave it a try.
An accounting expert points out that income Americans previously thought was invisible to the IRS will now be tallied up and reported by Venmo and similar apps.