New regulations to the Premium Tax Credit seek to eliminate fraudulent claims. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) proposed new regulations to…
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IRS Adds Citizenship Certification to 2026 Tax Forms for Tax Credits
Under federal law, noncitizens are not eligible for tax credits. The U.S. Internal Revenue Service (IRS) released a draft of the 2026 Form 1040 that, for the first…
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Treasury and IRS Propose Regulations for Federal Scholarship Tax Credit
The department stated that the proposal would expand educational freedom, restore parental rights, return power to states, and put American students first. The Department of the Treasury and…
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Treasury and IRS Propose Rules to Safeguard Refundable Tax Credits
The agencies seek to strengthen enforcement of the legal prohibitions against ineligible aliens receiving benefits. The Department of the Treasury and the Internal Revenue Service (IRS) issued proposed…
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Treasury Secretary Responds to Governors Blocking Tax Cuts
He calls the block “political obstruction.” Treasury Secretary Scott Bessent responded to the refusal of the governors of the states of New York, Colorado, Illinois, and the District…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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HHS Expands Eligibility for Catastrophic Health Insurance Plans
The move is to help mitigate potential losses of coverage after Congress reduced Medicaid funding. The Department of Health and Human Services (HHS) has announced that it will…
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President Trump Enforces Solar, Wind Funding Cuts in Executive Order
The order strengthens funding cuts passed by the One Big Beautiful Bill Act. President Donald Trump issued an executive order to strengthen the implementation of federal funding cuts…
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Senate Passes President’s “Big, Beautiful Bill”
Vice President Vance voted to break the 50-50 tie. Vice President JD Vance voted to break the 50-50 Senate tie to pass President Donald Trump’s “One, Big, Beautiful…
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Congress Nears Deadline to Pass President’s Agenda Legislation
President Trump urged legislators to approve it by July 4 or delay their recess. The majority in Congress are nearing the original deadline of July 4 that was…
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