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Economic News

The economy plays a huge role in our financial lives, and learning about it can help you make intelligent financial decisions for your future. Get up to speed on current events here. For news on the economy, employment numbers, the stock market, and markets across the world, we’ll walk you through the biggest headlines—and what they might mean for you. Our tax support specialists will make sure you have every answer you may need. For other questions about your taxes, just get in touch through our live chat feature, located to the bottom right of your screen – or by clicking here.

Category: Economic News

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Go Back to School on Uncle Sam!
It’s fall, and that usually means that it’s back to school season. If you’re not too cool, then school may be on your horizon. If you’re an adult, there are plenty of reasons to start hitting the books. It doesn’t matter whether it’s ...
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Amazon Fights Jungle-Sized Sales Tax
If there’s any company in the U.S. that can be called bold when it comes to avoiding taxes, it may be Amazon. And this time, they’re looking to avoid a sales tax. Company Uses Economic Might to Resist Millions in Taxes The shopping website an...
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Even the U.S. Cannot Default on Bills
In the Spring of 1979, Congress was “playing politics” over the debt limit. But it ultimately raised it to $830 billion (a far cry from today’s $14.3 trillion) with only hours to spare. This raises a serious point. Even the U.S. cannon default ...
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Washington in Uproar Over Debt Limit
Washington is seeing a bit of drama unfold. President Obama and Republican leaders in Congress face off over tax breaks and their impact on the nation’s long-term spending. This can affect the debt limit. Obama squares off with Republicans! The deb...
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General Electric Skips out on Taxes!
If you’ve been watching the news lately, then you may have heard that General Electric – one of the US’ largest corporations – paid no taxes in 2010. That’s right, the conglomerate that makes everything from appliances to jet engines with b...
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So, Why is Tax Day on April 15th?
For millions of Americans, April 15 is that dreaded day when we go head-to-head with the IRS, making that trip to the post office or sitting at the computer to file our tax returns. It either goes well with a nice refund heading our way, or it goes b...
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Gas prices biting hard at your wallet?
If you’ve gone to the gas station lately, you probably noticed something. Your wallet is probably a bit emptier due to sky high gas prices as events in the Middle East hit close to home. A gallon of gas now averages $3.38 in the US and $3.71 in Cal...
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Tax cut boosts incomes, some not spending
WASHINGTON — A tax cut that began last month gave consumers the biggest jump in their incomes in nearly two years. But Americans boosted their spending only slightly, a sign that many people are being cautious with their money even as the economy i...
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How Businesses Can Save on Healthcare
President Obama and Congress just passed major legislation overhauling our country’s healthcare system, and if you’re a small business owner there will be changes to the tax code for you to take advantage of over the coming months. Healthcare Tax...
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Save Energy on Uncle Sam’s Dime
Hoping to inject a dose of energy into our sluggish economy, Congress just passed a massive stimulus measure in hopes of getting it back on track. Now, you can save energy and have the government help with the tab. Stimulus Full of Energy Efficiency ...
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