The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns. Read More.
New IRS regulations are changing 401(k) catch-up contribution rules for workers aged 50-plus who earn over $145,000 by mandating after-tax Roth contributions starting in 2026. Read More.
Mark Zandi's analysis revealed recession risks are spread among states around the country, with the DC area particularly affected by cuts to the federal government. Read More.
DAVID WILLIAM GETS SNOOKERED BY THE IRS
This week’s Grassroots Corner comes from FAIRtax supporter David William, who clearly prefers the FAIRtax over the current income tax as administered by the IRS. Read More.
CVS Health's Aetna, Humana and UnitedHealth plan to scale back Medicare Advantage offerings in 2026 due to government reimbursement cuts and rising healthcare costs. Read More.
The figure reported on Thursday is below economists’ estimates of an increase of 50,000 jobs and also down from the prior month’s revised reading of a loss of 3,000 jobs. Read More.
The FAIRtax and America’s Youth
This week’s Chairman’s Report is written by Jade Walle. A practicing CPA has been on the American For Fair Taxation board of directors.
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Leavitt said layoffs are necessary amid the Democrat-forced government shutdown because of the U.S. exorbitant debt and absence of money flow. Read More.
The average rate on the 30-year fixed mortgage rose this week to 6.34%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.3%. Read More.
The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction in the first quarter. Read More.
PEW SURVEY CONFIRMS THAT IRS IS LEAST LIKED FEDERAL AGENCY
A recent Pew Research poll confirmed what almost everyone in America knows—the IRS is the least popular of the federal agencies.
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