Taxpayers eligible for the Earned Income Tax Credit for 2021 may also claim those funds if they file their returns for the year. Qualifying incomes are $21,430 for a single person without children or up to $57,414 for a married couple filing jointly with three or more qualifying children.

The IRS says an estimated $1 billion in tax refunds from the 2021 tax year will soon become property of the U.S. Treasury if 1.1 million taxpayers don’t claim their money soon, The Hill reports. In Michigan,

The acting chief counsel of the IRS has been removed from his position as Elon Musk’s U.S. DOGE Service seeks access to sensitive taxpayer records, according to people familiar with the matter.

In a bold move, the Trump administration and DOGE are eyeing a 20% reduction in the IRS workforce, potentially reshaping the landscape of tax collection and enforcement.

US President Donald Trump has threatened a 200% tariff on any alcohol coming to the US from the European Union (EU) in the latest twist of an escalating trade war. The threat is a response to the EU's plans for a 50% tax on imports of US-produced whiskey as part of its retaliation to Trump's tariffs on all steel and aluminium imports to the US.

Bottles of French wines are for sale at a wine dealer shop as President Donald Trump threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey,