Monday, 14 September 2026Clear-eyed news, from daybreak on.
DaybreakWire
Independent news, around the clock
Topic

IRS

The west side of the United States Capitol building, where Congress writes the annual appropriations bills that determine which federal agencies keep operating during a funding lapse.

Why Some Federal Agencies Never Close During a Shutdown

A government shutdown doesn't switch off the federal government. It switches off only the parts Congress funds one year at a time.

Politics  · 14 Sep 2026, 09:25  · Marcus Hale
FSA paperwork and receipts, representing the year-end deadline to spend flexible spending account funds before they are forfeited.

FSA vs. HSA: Why One Expires and the Other Doesn't

Roughly half of FSA holders forfeit money every year, while HSA balances never expire. The difference traces back to a single line in the federal tax code.

Business  · 5 Aug 2026, 09:40  · Priya Raman
A pay stub showing itemized paycheck deductions, illustrative of how imputed income appears on a paycheck.

Why Domestic Partner Health Coverage Becomes Taxable Income

The IRS doesn't recognize domestic partners as spouses, so employer-paid health coverage for a partner becomes taxable "imputed income" on your paycheck, unless the partner qualifies as your tax dependent.

Business  · 11 Jul 2026, 11:13  · Priya Raman
A golden dollar sign symbol enclosed in a cage, illustrating a frozen tax refund.

Why Your 2026 Tax Refund Is Taking So Long

More than 830,000 taxpayers got a letter saying their refund is approved but on hold. Here's what's actually driving the delays, and how to get unstuck faster.

Business  · 7 Jul 2026, 06:36  · Priya Raman