February 14, 2020

Tax Refunds Down Almost 5% As U.S. Filing Season Gets Under Way

The number of tax refunds issued so far this tax season is down almost 5% compared to last year, an indication that many Americans didn’t withhold enough from their paychecks and could face bills from the IRS. The IRS issued more than 10.8 million tax refunds through the week ending in Feb. 7, according to […]

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Tennessee Republican lawmakers push back on proposed three-day exemption to ‘tampon tax’

Washington, DC (CNN)Tennessee Republican lawmakers are pushing back on a proposed three-day tax exemption on feminine hygiene products, saying it would lead to a loss of too much tax revenue. Sen. Sara Kyle on Tuesday introduced SB 1724, a bill that would exclude products like tampons, pads, liners, cups and douches from sales tax during

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Here are the winners and losers of the Trump tax cuts

As taxpayers roll into the second tax-filing season under the Tax Cuts and Jobs Act, one question remains: “Will I come out ahead in 2019?” The IRS began accepting 2019 tax returns on Jan. 27 and anticipates it will receive more than 150 million individual returns this year. Thus far, the agency has delivered 4.3 million refunds

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