Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,

The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.

The Republican tax bill included $150 billion for defense, but the Pentagon has asked Congress for $1 trillion. The NDAA will likely dredge up new policy fights, from anti-drone systems to making it harder for the U.S. to withdraw troops from Europe.

Colleges and universities will also take a hit, as will taxpayers who depend on Medicaid, food assistance and owe money on their student loans.

Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.

Sen. Josh Hawley introduced a bill to repeal some of the Medicaid cuts in Trump’s sweeping tax law, after Hawley voted to pass it earlier this month.

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.

GOP chair Michael Whatley touts Trump's domestic policy package as the embodiment of Republican promises on economy, border security and defense ahead of the 2026 midterm elections