IRS Makes Free Tax Return Program Permanent, Invites States for 2025

TL/DR - The IRS has revealed plans to make the free electronic tax return filing system, which was trialed in 2024, a permanent feature. The agency has invited all states with a state income tax to join the program and assist people in filing their state returns for free from 2025. The Direct File project, which was initially funded by the…

U.S. Treasury Suggests Guidelines for Clean Energy Tax Credits

TL/DR - The U.S. Department of the Treasury and Internal Revenue Service (IRS) have proposed guidelines for the Clean Electricity Production Credit and Clean Electricity Investment Credit, which aim to provide clarity for clean electricity project developers. This aims to support energy production, security, job creation, and the administration’s…

Trump Hush-Money Trial: Jury Concludes First Day of Deliberation

TL/DR - The first criminal trial of a former US president, Donald Trump, has moved to a jury of 12 New Yorkers. They will judge if Mr. Trump should be declared a felon, a verdict that could take hours to weeks and could potentially reshape the nation's legal and political landscapes. The charges against Mr. Trump are related to a hush-money deal…