The Trump administration is proposing a new rule that would strip private schools and colleges of their tax-exempt status if they provide targeted help to students based on their race, a significant escalation in the White House’s campaign to eradicate diversity programs directed at Black, Hispanic and other minority students. The Treasury Department proposed the…
A retiree owns a vacant parcel he bought decades ago, back when the surrounding neighborhood ended several streets away. The land is now worth well into six figures, although it remains mostly weeds, scrub trees and a faded “No Dumping” sign. A local nonprofit wants to turn neglected lots into community green space. He donates the…
Almost a year into his tenure leading IRS enforcement, Jarod Koopman is using his shrunken workforce to shepherd new civil strategies and refocus the criminal branch. The IRS compliance strategy hadn’t been updated since 2017 and didn’t have any metrics to show whether revenue agents were successfully collecting taxes owed, Koopman said. And since the…
If you’re trying to plump up your nest egg or stretch your retirement savings, every dollar you can keep in your pocket counts. To help with that effort, the 2026 tax season arrives with a host of changes that could cut your 2025 tax bill. Read more
