The IRS has lost almost one-third of its tax auditors after 2 months of DOGE cuts, report says

The IRS has lost almost one-third of its tax auditors after 2 months of DOGE cuts, report says

The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S. Treasury Department’s watchdog. Elon Musk’s Department of Government Efficiency, or DOGE, has sought to trim the federal workforce through a combination of layoffs and so-called…

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Will Trump's tariffs really lower your taxes? Here's what tax experts say.

Will Trump’s tariffs really lower your taxes? Here’s what tax experts say.

President Trump describes his administration’s sweeping new tariffs on other countries as a tool for accomplishing a range of key economic goals, including reviving U.S. manufacturing. Recently, he’s been highlighting another aim: Lowering, or even eliminating, individual income taxes for most Americans.  “When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe…

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IRS acting commissioner resigning over Treasury's plan to share immigrant tax data with ICE

IRS acting commissioner resigning over Treasury’s plan to share immigrant tax data with ICE

The acting commissioner of the Internal Revenue Service is expected to resign after the agency disclosed that it has agreed to share immigrants’ tax data with Immigration and Customs Enforcement to help identify and deport undocumented immigrants. According to a source familiar with the situation and a statement from the Treasury Department, Melanie Krause is…

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Trump's tariffs target Heard Island and McDonald Islands, Australian territory inhabited by penguins

Trump’s tariffs target Heard Island and McDonald Islands, Australian territory inhabited by penguins

With his announcement of widespread new tariffs on Wednesday, President Trump spared very few places in the world from his effort to upend global trade — not even the remote Heard Island and McDonald Islands, a sub-Antarctic Australian territory inhabited by penguins, but no people. The islands were listed among the nations and territories hit…

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