The financial news that actually matters
Covers tax deadlines, filing updates, government changes, and important financial calendar events. It ensures readers stay updated with time-sensitive financial requirements.
The duty on imported kitchen cabinets and bathroom vanities is scheduled to double from 25 percent to 50 percent on January 1, 2027. President Donald Trump set the date in a proclamation signed December 31, 2025, which amended his Section 232 action on timber, lumber and wood products under the Trade Expansion Act of 1962…
A child’s Trump Account can be moved in full into an ABLE disability account, but only during one calendar year: the year the child turns 17. Temporary Treasury and IRS regulations published in the Federal Register on September 30 say that “the entire balance of a Trump account may be rolled over in a direct…
The federal government took in $332.6 billion in customs deposits during fiscal 2026, up from $215.2 billion the year before, while billions of dollars in tariff refunds flowed back out. The figures come from the Treasury’s Daily Treasury Statement for September 30, 2026, the last day of the fiscal year, and they count gross cash…
Ohio’s 38.5-cent gas tax holiday runs through January 2, and Georgia’s 33.3-cent suspension runs through November 5, while North Carolina lawmakers voted Wednesday to pause that state’s 41-cent tax. The three states are cutting the tax at the pump on different timetables and for different lengths of time. Ohio’s cut is written into a new…
Treasury and the IRS estimate that their proposed limit on refundable tax credits for immigrants would disallow $0.7 billion to $2.6 billion in credits and leave 200,000 to 700,000 taxpayers ineligible for tax year 2026. The numbers appear in a proposed rule published in the Federal Register on August 20. The rule is not final,…
The Senate passed the End Tax Penalties on American Hostages Act on Sept. 30, 2026, without changes and by unanimous consent, clearing a bill that would refund Internal Revenue Service penalties charged to Americans held hostage abroad. The measure, H.R. 9496, had passed the House by voice vote on Sept. 15, according to the GovInfo…
FedEx says it has begun issuing refunds of the emergency tariffs the Supreme Court struck down, and the refunds include the interest the company receives from U.S. Customs and Border Protection. Customers who paid with a card get the money back on that same card, according to FedEx’s refund page. The page also says the…
Congress has passed a bill that would end production of the one-cent coin and let merchants round cash purchases to the nearest nickel when they cannot make exact change. The Senate approved the House-passed Common Cents Act, H.R. 10167, without changes by unanimous consent on Sept. 28, 2026, according to the GovInfo bill status record….
Money leaving U.S. Customs and Border Protection reached $21.3 billion in September, compared with $1.2 billion in September 2025, according to the Treasury Department’s daily statement for Sept. 30, 2026. The year-earlier figure is on the Sept. 30, 2025 statement. The jump coincides with the payment of refunds on the emergency tariffs the Supreme Court…
Taxpayers hit by this summer’s storms and wildfires in four states now have until February 1, 2027 to file returns and make payments that would otherwise have fallen due in the months after each disaster began. The Internal Revenue Service lists Indiana, Nebraska, Washington and West Virginia among the disaster areas postponed to that date,…