Trump announces record tax refunds coming for Americans as One Big Beautiful Bill Act provisions take effect, promising the largest refund season ever in 2026.

The president believes tariff revenue could completely replace federal income taxes within four years, despite current tariffs bringing in just one-tenth of what would be needed.

President Donald Trump on Dec. 2 again talked about issuing tariff rebate checks to Americans. In the past he has said they would be about $2,000.

According to the One Big Beautiful Bill, babies born between 2025 and 2028 can be registered to get a Trump Account with $1,000 from the government (1). Parents can add up to $5,000 a year, and all of this money gets invested in U.S. stock-market index funds, such as the S&P 500.

Gov. Jared Polis asked the federal government to reconsider its decision to halt IRS Direct File in a letter sent Wednesday to U.S. Treasury Secretary Scott Bessent.

Joseph Schwartz has a pending jail sentence in Arkansas after the former nursing home mogul from Rockland County was pardoned, released from prison.

Mega-donors like MacKenzie Scott and Melinda French Gates are funneling hundreds of millions of dollars into charitable causes, but Trump’s new tax policies could put billionaire giving in jeopardy.

President Donald Trump delivered on his promise to exempt tips from taxes but critics say the “Big Beautiful” policy may deliver a smaller advantage than expected — and could hurt the very workers it’s supposed to help.