Tracy Levey
@taxaddict.bsky.social
All Things #tax Co-Founder Parker Tax Publishing. Opinions are my own.
In-Depth: IRS Guidance for Recipients of Qualified Tips or Overtime Pay 2025.
www.parkertaxpublishing.com/public/irs-g...
www.parkertaxpublishing.com/public/irs-g...
In-Depth: IRS Guidance for Recipients of Qualified Tips or Overtime Pay 2025.
Notice 2025-69.
www.parkertaxpublishing.com
December 15, 2025 at 1:00 PM
In-Depth: IRS Guidance for Recipients of Qualified Tips or Overtime Pay 2025.
www.parkertaxpublishing.com/public/irs-g...
www.parkertaxpublishing.com/public/irs-g...
Reposted by Tracy Levey
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
Big Business Doesn’t Deserve a Pass on the Corporate Minimum Tax
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
bit.ly
December 14, 2025 at 11:00 PM
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
Reposted by Tracy Levey
Economists surveyed by Bloomberg rate the likelihood of a downturn at 30%.
Let’s Quit Worrying About a US Recession Already
Economists surveyed by Bloomberg rate the likelihood of a downturn at 30%.
bloom.bg
December 15, 2025 at 12:00 PM
Economists surveyed by Bloomberg rate the likelihood of a downturn at 30%.
Reposted by Tracy Levey
Links include @richardrubindc.bsky.social @andrewdesiderio.bsky.social @punchbowlnews.bsky.social @politico.com @taxfoundation.bsky.social @bloombergtax.com @taxnotes.com @taxgirl.bsky.social @forbes.com @taxtweet.bsky.social and more!
Tax News & Views Tax and Pastry Bites Roundup
US is a low-tax country, for now. Congress does nothing to extend ACA credits. States ponder OB3 conformity. Pastries.
www.eidebailly.com
December 9, 2025 at 4:32 PM
Reposted by Tracy Levey
Over 100 companies — including Costco, Oakley, and Revlon — have joined in federal lawsuits to obtain refunds of International Emergency Economic Powers Act (IEEPA) tariffs, claiming that their refund options could be in jeopardy.
Read more: https://taxnotes.co/4iwHwnE
Read more: https://taxnotes.co/4iwHwnE
December 3, 2025 at 5:06 PM
Over 100 companies — including Costco, Oakley, and Revlon — have joined in federal lawsuits to obtain refunds of International Emergency Economic Powers Act (IEEPA) tariffs, claiming that their refund options could be in jeopardy.
Read more: https://taxnotes.co/4iwHwnE
Read more: https://taxnotes.co/4iwHwnE
Reposted by Tracy Levey
President Donald Trump is about to get what he wants -- a Fed chair willing to cut rates deeply. But long-term borrowing costs, including mortgages, aren't going to budge as long as the economy is strong.
Trump May Get the Rate Cuts He Wants — But Not Cheaper Mortgages
Black Friday showed the US consumer remains strong, just as we discussed in this newsletter last week. While this is good news for stocks, much of what we consume, save and invest revolves around interest rates. And I have some bad news for you: higher borrowing costs are here to stay.
bloom.bg
December 3, 2025 at 5:30 PM
President Donald Trump is about to get what he wants -- a Fed chair willing to cut rates deeply. But long-term borrowing costs, including mortgages, aren't going to budge as long as the economy is strong.
Social Security Benefits Increase 2.8 Percent for 2026; Wage Base Grows by 4.77 Percent
Social Security Benefits Increase 2.8 Percent for 2026; Wage Base Grows by 4.77 Percent.
Social Security 2026 Fact Sheet.
www.parkertaxpublishing.com
November 24, 2025 at 12:18 PM
Social Security Benefits Increase 2.8 Percent for 2026; Wage Base Grows by 4.77 Percent
Reposted by Tracy Levey
Polls have consistently shown that the demographic groups with whom Donald Trump gained the most ground in 2024, namely young and Latino voters, have also been the quickest to sour on him
Texas Republicans have gerrymandered their way into a corner
If the courts don’t stop them, Hispanic voters may punish them
econ.st
November 24, 2025 at 4:20 AM
Polls have consistently shown that the demographic groups with whom Donald Trump gained the most ground in 2024, namely young and Latino voters, have also been the quickest to sour on him
Reposted by Tracy Levey
The president had a record net worth of $7.3 billion in September.
Trump’s Net Worth Drops $1.1 Billion
The president had a record net worth of $7.3 billion in September.
www.forbes.com
November 22, 2025 at 9:00 PM
The president had a record net worth of $7.3 billion in September.
Reposted by Tracy Levey
US companies hold the line at climate talks despite Trump reut.rs/4pu5rqe
US companies hold the line at climate talks despite Trump
Despite the U.S. government souring on the global climate agenda ahead of the COP30 summit, American companies did not shy away.
reut.rs
November 24, 2025 at 8:25 AM
US companies hold the line at climate talks despite Trump reut.rs/4pu5rqe
"The IRS announced that workers can contribute up to $24,500 to 401(k)s in 2026, a $1,000 increase from this year. IRA maximum contributions will rise to $7,500 in 2026, up from $7,000, with higher limits for older workers."
www.wsj.com/personal-fin...
www.wsj.com/personal-fin...
Here Are the New Contribution Limits for 401(k)s, IRAs in 2026
Workers will be able to put up to $24,500 into their 401(k)s and similar workplace retirement accounts in 2026, up $1,000 from this year, the IRS said.
www.wsj.com
November 14, 2025 at 12:16 PM
"The IRS announced that workers can contribute up to $24,500 to 401(k)s in 2026, a $1,000 increase from this year. IRA maximum contributions will rise to $7,500 in 2026, up from $7,000, with higher limits for older workers."
www.wsj.com/personal-fin...
www.wsj.com/personal-fin...
Reposted by Tracy Levey
Donald Trump’s unpredictability is helping China in its contest with America for global influence. In 2026 Chinese leaders will continue playing a canny game
American isolationism is a golden opportunity for China
Donald Trump’s unpredictability is helping China in its contest with America for global influence. In 2026 Chinese leaders will continue playing a canny game
econ.st
November 11, 2025 at 9:10 AM
Donald Trump’s unpredictability is helping China in its contest with America for global influence. In 2026 Chinese leaders will continue playing a canny game
Reposted by Tracy Levey
While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.
www.forbes.com/sites/kellyp...
www.forbes.com/sites/kellyp...
IRS Kills Off Popular Free Direct File Option For The 2026 Tax Filing Season
While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.
www.forbes.com
November 6, 2025 at 2:05 PM
While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.
www.forbes.com/sites/kellyp...
www.forbes.com/sites/kellyp...
Reposted by Tracy Levey
In a world where China and America vie for advantage of all sorts, climate is an area where China has a particularly strong hand—and Donald Trump has folded America’s
The world’s renewable-energy superpower
China’s moment for climate leadership has arrived
econ.st
November 10, 2025 at 2:40 PM
In a world where China and America vie for advantage of all sorts, climate is an area where China has a particularly strong hand—and Donald Trump has folded America’s
Reposted by Tracy Levey
The longest federal government shutdown on record is curtailing and outright canceling parades, ceremonies and other events across the U.S. that are normally held to mark Veterans Day.
The government shutdown prompts the cancellation of some Veterans Day events
Volunteers usually gather at Riverside National Cemetery in California on Veterans Day to place flags on graves, but not this year.
bit.ly
November 10, 2025 at 3:00 PM
The longest federal government shutdown on record is curtailing and outright canceling parades, ceremonies and other events across the U.S. that are normally held to mark Veterans Day.
Layoffs in U.S. for October surge to two-decade high, Challenger data shows
www.reuters.com/business/wor...
www.reuters.com/business/wor...
November 6, 2025 at 10:55 AM
Layoffs in U.S. for October surge to two-decade high, Challenger data shows
www.reuters.com/business/wor...
www.reuters.com/business/wor...
Reposted by Tracy Levey
NEW: More than 100 federal judges have now rejected the Trump administration’s new policy to lock up nearly everyone facing deportation — including 12 judges appointed by Trump, according to a POLITICO analysis.
Only 2 judges have sided with ICE.
www.politico.com/news/2025/10...
Only 2 judges have sided with ICE.
www.politico.com/news/2025/10...
More than 100 judges have ruled against the Trump admin’s mandatory detention policy
A POLITICO review of the rulings shows judges appointed by every president since Ronald Reagan have rebuked the administration’s new interpretation of immigration law.
www.politico.com
October 31, 2025 at 8:32 PM
NEW: More than 100 federal judges have now rejected the Trump administration’s new policy to lock up nearly everyone facing deportation — including 12 judges appointed by Trump, according to a POLITICO analysis.
Only 2 judges have sided with ICE.
www.politico.com/news/2025/10...
Only 2 judges have sided with ICE.
www.politico.com/news/2025/10...
Reposted by Tracy Levey
Lawmakers are facing urgency to resolve the government shutdown as food aid is imperiled, airports are snarled and Affordable Care Act enrollment begins.
Trump’s Demands Throw Wrench Into Delicate Shutdown Talks
Lawmakers are facing heightened urgency to resolve the impasse as food aid is imperiled, airports are snarled and Affordable Care Act enrollment begins.
on.wsj.com
November 2, 2025 at 4:25 PM
Lawmakers are facing urgency to resolve the government shutdown as food aid is imperiled, airports are snarled and Affordable Care Act enrollment begins.
2025 Year-End Tax Planning for Individuals. Client Letters Included.
www.parkertaxpublishing.com/public/tax-p...
www.parkertaxpublishing.com/public/tax-p...
October 28, 2025 at 12:35 PM
2025 Year-End Tax Planning for Individuals. Client Letters Included.
www.parkertaxpublishing.com/public/tax-p...
www.parkertaxpublishing.com/public/tax-p...
Reposted by Tracy Levey
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one (OBBBA has modified the thresholds) and what to do with it.
www.forbes.com/sites/kellyp...
www.forbes.com/sites/kellyp...
From Taylor Swift Tickets To Etsy Sales, IRS Clarifies When You Might See Form 1099-K
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards.
www.forbes.com
October 24, 2025 at 11:36 AM
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one (OBBBA has modified the thresholds) and what to do with it.
www.forbes.com/sites/kellyp...
www.forbes.com/sites/kellyp...
Reposted by Tracy Levey
Families are cutting back on chocolate, buying in bulk, or skipping Halloween candy altogether as prices rise.
How Americans are dealing with the spookiest thing about Halloween: the price of candy
Families are cutting back on chocolate, buying in bulk, or skipping Halloween candy altogether as prices rise.
www.businessinsider.com
October 28, 2025 at 8:32 AM
Families are cutting back on chocolate, buying in bulk, or skipping Halloween candy altogether as prices rise.
Reposted by Tracy Levey
The Pentagon said Friday it accepted the money for military paychecks during the government shutdown.
Billionaire Timothy Mellon Is The Mystery Donor Who Gave $130 Million To Pay Military, Report Says
The Pentagon said Friday it accepted the money for military paychecks during the government shutdown.
www.forbes.com
October 25, 2025 at 3:05 PM
The Pentagon said Friday it accepted the money for military paychecks during the government shutdown.
Reposted by Tracy Levey
With Medicaid cutbacks on the horizon, millions in the U.S. are expected to go uninsured. In the Mississippi Delta region — one of the poorest places in the U.S. — people are stressed and mad.
In the rural South where Medicaid has been a lifeline, residents brace for cuts
With Medicaid cutbacks on the horizon, millions in the U.S. are expected to go uninsured. In the Mississippi Delta region — one of the poorest places in the U.S. — people are stressed and mad.
n.pr
October 25, 2025 at 3:18 PM
With Medicaid cutbacks on the horizon, millions in the U.S. are expected to go uninsured. In the Mississippi Delta region — one of the poorest places in the U.S. — people are stressed and mad.
Reposted by Tracy Levey
A decade after a landmark study proved that feeding peanut products to young babies could prevent development of life-threatening allergies, new research finds the change has made a big difference in the real world.
Advice to feed babies peanuts early and often helped thousands of kids avoid allergies
A study that upended medical practice by recommending feeding babies peanut products early to prevent allergies has had a big effect in the real world.
bit.ly
October 22, 2025 at 12:00 PM
A decade after a landmark study proved that feeding peanut products to young babies could prevent development of life-threatening allergies, new research finds the change has made a big difference in the real world.
Reposted by Tracy Levey
IKEA, the world’s largest furniture retailer, is raising prices on some products—after years of cuts to draw in shoppers.
IKEA’s Low-Price Mantra Is Tested by Trump’s Tariffs
The world’s largest furniture retailer is raising prices on some products, after years of cuts to draw in shoppers.
on.wsj.com
October 16, 2025 at 11:55 AM
IKEA, the world’s largest furniture retailer, is raising prices on some products—after years of cuts to draw in shoppers.