IRS Cracks Down on COVID Relief Fund Fraud by Small Businesses, Targets Misused Funds

The Internal Revenue Service is cracking down on small businesses that may have improperly used federally-backed COVID relief funds. IRS Launches Investigation Into CARES Act Fraud In a strong show of action, the IRS has assigned 30,000 agents from their ranks to dig into millions of potential fraud cases related to CARES (Coronavirus Aid, Relief, … Read more

Banking on a Tax Refund? Don’t Count on It This Year: Millions See Decreases

Millions of Americans are finding their tax refund is significantly lower than expected. Here’s what changed. Tax Refunds Are Lower For Millions According to the IRS, tax refunds are, on average, two-thirds of what they were last year. So far, over two and a half million people have filed their taxes and received refunds, and … Read more

Shohei Ohtani’s Tax Tactics in $700M Deal: Fair Play or Avoidance?

When Shohei Ohtani inked a jaw-dropping $700 million contract with the Los Angeles Dodgers, he didn’t just make sports headlines—he stirred up a tax talk that’s got everyone from fans to financial buffs tuning in. This isn’t your usual chatter about home runs and strikeouts; it’s all about the clever play behind the scenes that … Read more

Rising Tide of Rental Evictions: States Hardest Hit Identified

The United States is contending with a staggering rental eviction crisis, with certain regions feeling the brunt of the impact more so than other states. Nationwide Increase in Eviction Filings Across the country, there has been a troubling rise in eviction filings, signaling a looming housing instability crisis. Eviction Lab Insights The Eviction Lab at … Read more

States Benefit from Taxing the Rich

Across America, states are taking aim at the wallets of the wealthy. From California to New York, proposals for wealth taxation are making waves. With millions at stake, these states are poised to tap into the fortunes of the elite.  California’s Wealth Tax Proposal California leads with proposals to tax its approximately 160 billionaires and … Read more

Immigration Poised to Boost US Economy by $7 Trillion

There’s some good financial news in the air as the Congressional Budget Office (CBO) has released some new figures indicating something huge for the U.S. economy: we’re in for an estimated $7 trillion boost in the next decade! Economic Boost from Immigration What’s the momentum behind the CBO’s new estimates? Immigration. The CBO is expecting … Read more

Super Bowl Players’ Payouts Reach New Highs Amid Rising Snack Prices

Super Bowl 58 financially rewarded the players more than ever, but President Biden was focused on “Shrinkflation” during the pre-game build-up. Here’s a breakdown of the prize money secured per player for both teams. Super Bowl 58 The latest Super Sunday was a gripping game between the Kansas City Chiefs and the San Francisco 49ers, … Read more