IRS Launches Free Direct File System for 2024 Tax Season

TL/DR - The IRS will open a free, online filing system for some Americans for the 2022 tax season as part of an experimental pilot program. The Direct File system will be available to residents in 12 states who have income from an employer or unemployment compensation, Social Security benefits, and interest of $1,500 or less, but is not an option…

Trump Suddenly Exits E. Jean Carroll Trial

TL/DR - A defamation trial against former president Donald Trump has begun deliberations, deciding if he owes additional millions to writer E. Jean Carroll after a jury last year found that he sexually abused her in 1996. Carroll's lawyer asked jurors to award $24 million in compensatory damages and more in punitive damages, while Trump's…

Manchin Aide Benefits from Inflation Reduction Act Cash Out

TL/DR - Peter Stahley, former staffer for Senator Joe Manchin, was responsible for major provisions of the Inflation Reduction Act and Infrastructure Investment and Jobs Act, and played a key role in creating new tax credits, which in turn complicates the tax code and raises tax rates. Having left his position as a staffer, Stahley is now a…