Tax

From ‘jump on a bus’ to tax crackdowns: Blue states chase wealthy residents fleeing to red havens

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NEWYou can now listen to Fox News articles! New York Gov. Kathy Hochul became the latest blue-state leader to lament the flight of wealthy tax-paying residents to Republican-led tax havens like Florida, Alaska, Wyoming and Tennessee, calling millionaires who stayed in the Empire State to fund its massive social services net “patriotic.” With Florida Gov. … Read more

Hochul pleads for wealthy New Yorkers to return from red states like Florida, Texas as tax base ‘eroded’

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NEWYou can now listen to Fox News articles! New York Gov. Kathy Hochul indicated that the Empire State needs wealthy individuals paying taxes in the state to help fund social programs, but noted that the state’s tax base has “eroded.” During remarks at Politico’s “New York Agenda: Albany Summit” event last week, the Democratic governor … Read more

Surging U.S. gas prices could erase bigger tax refunds, analysis finds

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Higher U.S. gasoline prices stemming from the Iran war could effectively wipe out the fatter tax refunds many Americans are expected to collect this year, a new analysis found.  Economists from the Stanford Institute for Economic Policy Research (SIEPR) estimate that the average U.S. household will spend an additional $740 on gas this year because of the jump … Read more

Senate DOGE leader moves to force ‘receipt’ for every tax dollar after Minnesota fraud scandal

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NEWYou can now listen to Fox News articles! FIRST ON FOX: A top senator involved in slashing red tape will tout a plan requiring line-item proof of every federal tax dollar from entities that receive federal funding. Sen. Joni Ernst said her move would guard against rampant fraud such as the slew of allegedly fake … Read more

Tax scams are on the rise. Here’s what to know

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NEW YORK — Robocalls, texts, and phishing emails from scammers are up this tax season compared to previous years, with artificial intelligence likely increasing fraud attempts, according to the consumer protection bureau of the Federal Trade Commission. Consumer advocates and government officials urge the public to stay wary, to stop and think before engaging with … Read more

Iran war threatens to erase the economic bump from bigger tax refunds

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Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of Feb. 27. That’s about 10.6% higher than the average refund was … Read more