taxpayer

Brad Setser, former assistant Treasury secretary under President Barack Obama, told the Wall Street Journal there is “essentially no information on how that money is being used,” calling it “unusual given this is taxpayer money.”

From a financial perspective, DOGE’s value for the American taxpayer has been negligible.

“For most sales, the basis is the amount the taxpayer invested in the asset, adjusted for subsequent improvements, depreciation, and certain other items. For gifts and bequests, however, special basis rules apply.”

Here are new deductions, effective this year, that eligible taxpayers can use even if they claim the standard deduction:

The One Big Beautiful Bill Act, or OBBBA, passed in July, was cheered by taxpayers for maintaining the status quo on key tax issues.