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HISTORICAL FACTS: 12 | History Defined

Todd Blanche takes his turn on the hot seat

Todd Blanche faces his biggest public test Wednesday in his bid to serve as President Donald Trump’s fourth confirmed attorney general: a Senate Judiciary Committee with a pair of undecided Republicans. The panel’s two-day hearing, which will feature Blanche on the first day and outside witnesses on the second, will…

Roll Call

Trump's $1.78 Billion 'Anti-Weaponization' Fund Deal Had 'Never A Case Or Controversy, Rules Judge: 'Brought to Manipulate the Judicial Process'

A federal judge ruled that President Donald Trump’s settlement with the Justice Department over the leak of his tax returns stemmed from a lawsuit that lacked a genuine legal dispute and was used to legitimize the agreement in court.

Benzinga

The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)

As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deduction under Section 80CCD(2) unless the employer's NPS contribution is first included in salary. This article explains why the ITR utility is designed to work this way…

The Economic Times

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A Federal Judge Slams Trump's IRS Lawsuit As a Pretext for Delivering a Phony 'Settlement'

U.S. District Judge Kathleen Williams concludes that the case never presented a true "case or controversy" because both sides were controlled by the president.

Reason

US judge voids Trump's 'improper' $1.8 billion settlement with IRS

A US judge on Monday voided a settlement between President Donald Trump and the Internal Revenue Service over his leaked tax returns, ruling the lawsuit was filed for an "improper purpose". The agreement had granted Trump, his family and business broad protections from tax audits following their $10 billion lawsuit.

France 24

Trump IRS Lawsuit Backfires as Judge Exposes $1.8B Scheme and Threatens Lawyer Todd Blanche With Sanctions

A federal judge has voided President Trump's IRS settlement, citing bad faith and misuse of power, impacting his legal shield against audits and raising questions ahead of a key confirmation hearing.

International Business Times UK

Judge: Trump's IRS settlement was sham

Judge Kathleen Williams said that the case flouted constitutional restrictions against self-dealing

Salon

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US judge declares Trump's tax deal 'improper', leaving future financial implications unclear

A US judge on Monday voided a settlement between Donald Trump and the Internal Revenue Service giving the president and his allies sweeping protections from audits, ruling that his lawsuit over leaked tax returns had been filed for an "improper purpose."

The Economic Times

US judge scraps Trump's IRS settlement deal, says lawsuit sought to 'manipulate judicial process'

A federal judge voided President Trump's settlement with the IRS. The lawsuit was deemed an improper attempt to manipulate the judicial process. Sanctions and disciplinary actions were recommended against involved lawyers. The judge found the parties were not truly opposing each other. The Justice Department was criticized for its role…

The Times of India

Trump’s legal team sanctioned by judge for potential disciplinary action over slush fund

IN FULL

The Independent UK

Judge sanctions Trump lawyers over IRS ‘settlement’ in brutal takedown

Trump’s team schemed the court to force a settlement with his own government to bail him out from tax investigations, judge says

The Independent UK

Judge blasts Trump's IRS lawsuit as filed for 'improper purpose,' recommends attorney discipline

A federal judge says President Donald Trump’s lawsuit against the IRS over his leaked tax returns was filed for an “improper purpose” as she referred attorneys for disciplinary actions

The Independent UK

Social Security Shows Government Doing a Good Thing the Wrong Way as 2032 Insolvency Looms, Says This Public Affairs and Campaign Consultant

Social Security is not a Ponzi scheme or a scam, but it shows "government doing a good thing the wrong way," public affairs and campaign consultant David Harris argues, warning that the program’s 2032 funding deadline demands structural reform.

Benzinga

Digital Gift Cards Are Becoming a Favorite Target for Scammers—Here’s How to Protect Yours

Digital gift cards have become one of the easiest ways to celebrate birthdays, holidays, and special occasions, but they’ve also become a favorite tool for scammers looking to steal money fast. Unlike traditional payment methods, digital gift cards are difficult to trace and nearly impossible to recover once the code…

Budget and the Bees

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Kiplinger

Ask the Tax Editor, July 10: Late Refunds and Calling the IRS

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions from readers who are still awaiting their tax refunds and problems with calling the IRS.

Benzinga

IRS Refund Deadline Today: Millions Of Americans Could Still Claim COVID-Era Tax Money Before Time Runs Out

Millions of Americans may still be eligible for an Internal Revenue Service refund, but they must file a claim by Friday, July 10, according to National Taxpayer Advocate Erin Collins, who warned the relief will not be granted automatically.

Reason

Trump's 'Anti-Weaponization Fund' Marks a Pattern of Trying To Profit From the Presidency

Since the beginning of his first term, the president has repeatedly used his office for personal gain.

Reason

The Social Security Fix That Would Send Tax Rates Soaring

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the most expensive.

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Kiplinger

The IRS Never Texts You, So Why Are They Doing It Now?

Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.

Saving Advice

How to Check Whether You’re Withholding Too Much From Social Security

Every month, thousands of retirees have federal income taxes withheld from their Social Security benefits to avoid a surprise tax bill in April. But if...

The Free Financial Advisor

IRS Announces 27 States Have Opted Into New Federal Scholarship Tax Credit Program

The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, a new federal initiative that allows eligible taxpayers to claim a tax credit for contributions made to qualifying scholarship organizations.

International Business Times UK

Trump Accounts Launch With $250 Million Micron Pledge: How to Claim Your Baby's $1,000 Government Investment

Trump Accounts are live with $1,000 deposits for over 500,000 US children. Here is how to claim your baby's money, plus the corporate pledges and equity concerns behind the launch.

International Business Times UK

Trump DOJ Tax Lawsuit Settlement: IRS Barred From Auditing Trump's Crypto and Business Empire

Trump's IRS settlement raises concerns over audit restrictions, potentially shielding Trump-linked crypto and business ventures. Senate Democrats seek clarity on the deal's scope and implications.

The Free Financial Advisor

Your Employer May Match Student Loan Payments in 2026—But Only Up to the 401(k) Deferral Limit

Under SECURE 2.0, employers can choose to treat qualified student loan payments as though they were 401(k) contributions when calculating matching retirement contributions. However, the amount of loan payments eligible for matching generally cannot exceed the annual elective deferral limit, which rises to $24,500 in 2026. That makes it important…

The Free Financial Advisor

7 OregonSaves Rules Every New Oregon Employer Should Know Before the July 31 Deadline

OregonSaves became the nation’s first state-facilitated retirement savings program in 2017 and now has more than 120,000 participating workers and billions of dollars in retirement assets under management, giving employees without workplace retirement plans an easy way to save through payroll deductions. For many new Oregon employers, July 31 marks…

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