What gig workers and employees who get tips need to know about the new no-tax-on-tips tax break

Tips for taxpayers as deadline approaches

A new survey shows around two-thirds of Americans say they would be further ahead in life if they were more financially literate. CBS News business analyst Jill Schlesinger shares tips for taxpayers ahead of the upcoming deadline and ways to feel more confident about investing.

Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them

<p>Residents in at least 10 states are organizing campaigns to tax wealth in order to fund schools and other social services</p><p>Karen Sanchez likes to meet new people at trivia nights or concerts at her local brewery at the edge of Los Angeles county. Her opening line: “How do you feel about taxing the rich?”</p><p>Sanchez is volunteering to collect signatures to put a contentious “billionaire tax” on California’s November ballot, sponsored by her union, <a href="https://www.seiu-uhw.org/">SEIU – United Healthcare Workers West</a>. The proposal would impose a one-time 5% wealth tax on the state’s 200-plus billionaires to cover lost federal funding for California hospitals and emergency services and to fund public education and food assistance programs. She says most people have been eager to sign on – and want to see more of it.</p> <a href="https://www.theguardian.com/us-news/2026/apr/03/tax-billionaires">Continue reading...</a>

IRS CEO, in Brooklyn, promotes tax breaks and refunds alongside GOP House member - Politico

Dems eyeing 2028 want huge tax cuts — but big hikes for the rich

<p>Some Democrats eyeing runs for the White House have rolled out a provocative new economic policy: massive tax cuts for the <a href="https://www.axios.com/2025/10/25/bernie-sanders-kamala-harris-campaign-2024" target="_blank">working</a> and middle classes — and big hikes for the wealthy.</p><p><strong>Why it matters:</strong> Republicans may lose the midterm elections because of voters' anger over high prices, but Democrats are still struggling to figure out how to address voters' concerns about inflation.</p><hr><p><strong>Driving the news: </strong>The proposals by Democratic presidential hopefuls include eliminating federal income taxes for <em>half</em> of all U.S. workers, making the first $75,000 of income earned by married couples tax-free, and enacting a variety of state-based tax cuts and credits.</p><ul><li>Critics argue that some of the plans would squander funds that should be spent on social services, undermine the argument for government programs, and amount to poli...

Blue Collar Work Has Plateaued, Narrowing Options for Young Workers

Skilled electricians, plumbers and factory workers are in demand, but job openings have dropped.

IRS touts a 24% increase in tax refunds compared to the previous administration - AP News

<a href="https://news.google.com/rss/articles/CBMikAFBVV95cUxOa0RoaUFOOElYVklrbHp4YldCM2w5V2lwWC1RZ1FTVWxpanc3bGFwdlFxVHkxaU8xYXVtZjNFTmxNTnBoRVpxNzFweGxoZTNjTjRtVHdDWklyLXRXUTBtaTBCUEQxVUtmcWpySUMtZmFURmxBTmRwSmMwS1dPUDVSZHl6OWhCbzJPZ1liS1MxNks?oc=5" target="_blank">IRS touts a 24% increase in tax refunds compared to the previous administration</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>