A federal agency is stripping away 99% of the appraised value on a legal tax deduction Congress created 60 years ago, using desk reviews and non-experts against landowners who spent seven figures documenting their claims.
The increase this year represented $43 billion more in refunds than the IRS had issued during the 2025 filing season for tax year 2024
Economists were projecting a small increase.
Economists were projecting a small increase.Open
That’s more than half of the $166 billion owed to thousands of American businesses who paid the tariffs that were struck down by the Supreme Court.
The flagged payments were returned to federal agencies for review before any funds were sent, Treasury said.
Recent court decisions could mean tens of millions of taxpayers are owed, the Taxpayer Advocate Service warns.
Tax Day is here, and if you haven't yet filed or paid your taxes, here’s what you need to know. NewsNation’s Rich Bodee breaks it down.
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It’s less than 24 hours until Tax Day. David Perez, CEO of Tax Maverick, enrolled agent and best-selling author, answers some of the most trending tax-related questions.
While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters.
It’s Tax Day, and taxpayers have until midnight to file or request an extension. Most people are seeing their refunds increase by about 11% this year, with an average of $3,500 — and more people are getting them. NewsNation's Alicia Nieves reports for "Morning in America." Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.