Tax increases are always a topic of interest and concern for many U.S. citizens, as they can have a direct impact on household budgets, consumer spending, and overall economic activity. As of 2024, many Americans are wondering: Are U.S. taxes rising, and if so, what’s driving these increases?
Read MoreEconomy
Federal Reserve Cuts Interest Rates
It is the second consecutive rate cut since inflation has begun to flatten. The Federal Reserve met for its final meeting of 2024, opting to reduce banking interest…
Read More
IRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
Read More
Federal Agencies Seek Public Input on State of U.S. Air Travel
Departments of Transportation and Justice are interested in the impact of consolidation on customer experience. President Biden’s administration recently requested public comment on the state of competition in…
Read More
IRS Releases Final Rule for Clean Energy Manufacturing Tax Credit
The agency clarifies incentives for domestic solar and wind energy component production. The Internal Revenue Service (IRS) has released its final rules for manufacturing companies applying for tax…
Read More
FTC Rule Banning Fake Online Reviews Goes Into Effect
The federal regulation is intended to protect consumers and promote fair competition in the marketplace. A new federal rule prohibiting fake online reviews went into effect this month…
Read More
SEC Charges Crypto Market Manipulators in Fraudulent Trading Scheme
Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
Read More
USDA Announces High-Speed Internet Grant for North and South Dakota
Department distributes the fifth round of ReConnect funding for rural homes and businesses. The U.S. Department of Agriculture (USDA) announced $173 million in funding to provide high-speed internet…
Read More
Energy Department Opens Applications for Small Modular Reactor Projects
Funding will grow new fleet of small nuclear energy sources in the private sector. The Department of Energy (DOE) opened applications for companies looking to construct small modular…
Read More
USDA Invests $46 Million into New Farmers, Ranchers
The funding will help new producers enter the business as the average age of farmers increases. The U.S. Department of Agriculture (USDA) announced $46 million in grants this…
Read More