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After decades of staffing shortages at the IRS, the agency is hoping for a more efficient tax season this year.

It’s officially tax season. But before you get excited, the Internal Revenue Service says your refund check could be much smaller this season.

ENOCH, Utah (AP) — City leaders in a small Utah town choked up this week as they expressed shock after a murder-suicide carried out by a fellow church member left eight people dead in their close-knit community, including five children who were classmates with their kids. Though shocking, family mass killings are an all-too-common tragedy […]

WASHINGTON (AP) — The confidence of American consumers rebounded this month to end the year on a high note despite high inflation, rising interest rates that have made credit cards and mortgages more expensive, and growing anxiety about a possible recession. The Conference Board reported Wednesday that its consumer confidence index rose to 108.3 in […]

The Federal Reserve and the stock market are butting heads over the central bank’s efforts to fight inflation. Stocks capped a steep two-day sell-off on Friday, wiping out gains from a rally earlier in the week driven by hopeful economic news. Inflation as measured by the consumer price index had fallen for the fifth straight […]

More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year. Sixty-nine percent of them say they have seen higher prices for holiday gifts in recent months, up from 58% last year, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. […]

Sens. Josh Hawley (Mo.), Ted Cruz (Texas) and Marco Rubio (Fla.) are emerging as the new champions of conservative populism at a time when many Republicans think former President Trump’s grip on the party is slipping.   All three GOP senators voted with almost the entire Senate Democratic caucus to give seven days of paid […]

U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoffs in the tech sector. The Conference Board reported Tuesday that its consumer confidence index fell to 100.2 this month, down from 102.2 in October. November’s figure is the lowest since July, and likely reflected an […]

(The Hill) – A series of layoffs at America’s major technology companies could put pressure on local housing markets amid a broader nationwide cooling.  These layoffs, brought on in part by a series of interest rate hikes from the Federal Reserve and a decline in revenues, could cause forced sales, damage buyer confidence and lead […]

Your refund for the 2022 tax year may be smaller than in years past, the Internal Revenue Service said Wednesday.

NEW YORK (AP) — Best Buy’s profit and sales slipped in the third quarter on weakening demand for electronic gadgets, but it beat expectations and the retailer said a downturn in comparable stores sales this year will not be as bad as it had expected. Shares jumped more than 8% at the opening bell Tuesday. […]