Featured Post from Cedarville University

What the 2025 Tax Season May Look Like According to the IRS

Jan 14, 2025

2 min

Jared Pincin

The 2025 tax filing season will begin on Jan. 27. The Internal Revenue Service warns it may not be functioning as adequately due to the Republican-controlled congress rescinding IRS designated funding, causing cuts in staffing and potential technological updates to become stagnant. During the Biden administration the IRS was granted extra funding as part of the Inflation Reduction Act, passed exclusively with Democratic votes. The Trump administration has introduced a new scanning technology allowing tax returns to be filed quicker, upon the cut in previous IRS funding. This online filing system will allow taxpayers to file electronically with IRS for free, cutting out any unnecessary third party. There are concerns that the cut in funding may cause Trump's IRS updates to delay. How will the cut in IRS funding affect the 2025 tax season? 


Economics expert, Dr. Jared Pincin weighs in on the discussion of how fund distribution will look under Trump administration in recent interview.

  • Trump administration has cut funding for IRS from $80 Billion to $60 Billion through 2031. During his campaign for presidency Trump promised a reallocation for funding and distribution. How will we see Trump's policies redistribute funding?  
  • Trump's new system, Direct File, is available in 24 states with hopes to make the 2025 tax season smoother than ever. Concerns arise that Trump's cut in funding to reallocate elsewhere may make his system to be come stagnant, causing delays and longer wait times for tax payers. Will Trump's new tax filing system make the 2025 tax season smoother or another nightmare? 
  • President-elect Trump promised stricter tariffs on manufacturing industries and more aggressive industrial policies. Rescinding IRS funding is just the beginning of Trump's reallocation of funding. How will we see the change in funding affects businesses?


If you are covering the the U.S. economy during the Trump administration and need to know more, let us help with your questions and stories.


Dr. Jared Pincin is an expert on economics and is available to speak to media regarding the Trump administration and the economy – simply click on his icon or email mweinstein@cedarville.edu to arrange an interview.

Connect with:
Jared Pincin

Jared Pincin

Associate Professor of Economics

Dr. Jared Pincin is a nationally respected expert on economic issues facing the United States of America

Economics and EducationEconomicsEconomics and Behaviour

You might also like...

Check out some other posts from Cedarville University

2 min

Three Year Anniversary of Ukraine War

Three years ago, this Monday, Russian troops invaded Ukraine expecting a a quick victory. This invasion has incited Europe's largest conflict since WWII, taking tens of thousands of lives, destruction of countless cities, and the isolation of Russia. Despite this, Putin appears closer to taking a fifth of Ukraine's territory and preventing it's membership. President Trump broke the three year long policy of isolating Russia by working with Putin to work together to end the war. President Trump's explicit support for Russia's demand against Ukraine's NATO membership reveals a shift in U.S. policy. How will President's Trump's relationship with Putin shift U.S. policy? Despite majority of the West and Ukraine seeing Russia's invasion as an unprovoked act of aggression, Putin continues to insists it's necessity for Russia's security and protection of citizens in Ukraine. In 2023 Russia momentum with offensives across a 1,000kilometer front, securing necessary territorial gains. How does the progression of Russia's invasion effect it's image for American citizens?  In response to the invasion, Ukrainian President Zelenskyy demanded Russia's retreat as a condition to talk. President Zelensky emphasizes Ukrainians need for support from the West; while stressing Ukraine goal to join NATO. How will the shift of support affect Ukraine mission to join NATO? Putin refuses a truce, hoping to weaken the Ukrainian government through a contentious election. Ukraine argues elections are not possible during war times. Putin refuses to accept international peacekeeping forces, remain confident in Russia ability to achieve its goal without negotiation with Ukraine. How will Putin's refusal to find a truce affect Russia and Ukraine's role in the war? Dr. Duerr is an expert on this subject and is available to speak to media regarding this ongoing conflict in the Middle East and the ongoing the war between Israel and Hamas – simply click on his icon to arrange an interview. Or schedule an interview by contacting Mark Weinstein at mweinstein@cedarville.edu

2 min

Who will be the Canadian Prime Minister's Successor

On January 6th, 2025 Prime Minister of Canada, Justin Trudeau announced his intentions of stepping down. Prime Minister Justin Trudeau has be leading the Liberal Party of Canada for the past 12 years. Since his announcement of resignation there has been many prominent individuals stepping up to enter the race of being his successor. In Canada's political system the leader of the largest party in the House of Commons will act as primer minister. The successor of  Mr. Trudeau’s role as party leader will then go to general elections against the leader of the Conservative party. Elections must be held no later than October. What will the change in Prime Ministers look like for the future of Canada's government.  International relations expert, Dr. Glen Duerr, has been a reliable source on the events occurring in the Canada. Here are three valuable insights from a recent interview Earning the vote to be Prime Minister Trudeau's successor is not a guarantee of permanently keeping the role of Prime Minister. Once Canada's Liberal Party elects their candidate to replace Trudeau they will run against the leader of Conservative Party, Pierre Poilievre, in a general election. The winner of this election will then maintain the role of Prime Minister. How will the general election impact the Liberal Party?  Recently Conservatives and the leader of the party has been dominating public opinion polls. Experts believe that the vote in the House of Commons will cause a drastic shift in the government under a new prime minister long before the general election. Will the shift in popular opinion end the over decade long rule of the Liberal Party? Prime Minister Trudeau explains the Liberal Party will be choosing his successor through votes by the parties members, which has become a minority in Canada's population. Successor candidates include: Chrystia Freeland, Mark Carney, Karina Gould. All of whom have had a succesful political career in the Liberal Party, serving under Primer Minister Trudeau. Are these candidates enough to keep the decade long power in the Liberal party?  If you are a journalist covering the change in Canada's leadership, look no further than our experts for valuable insight and expert knowledge. Dr. Duerr is an expert on this subject and is available to speak to media regarding Canadian politics– simply click on his icon to arrange an interview.

2 min

What does the Israel-Hamas ceasefire mean

After 15 months of war Israeli Prime Minister, Benjamin Netanyahu, announced Wednesday, January 15, his in the process of receiving approval for ceasefire from his security Cabinet in order to further the truce with Hamas. This ceasefire is not only expected to stop a war that has taken more that 46,500 lives, but also the phased release of dozens of American hostages and hundreds of Palestinians. Reports reveal that the ceasefire may be in effect by the end of the week. How will American citizens respond to what appears to be a resolution to the conflict in the middle east?  International relations expert, Dr. Glen Duerr, has been a reliable source on the events occurring in the Middle East. Here are three valuable insights from a recent interview: Prime minister Benjamin Netanyahu needs the support from his security and full Cabinet to receive approval on will be a roughly six-week initial ceasefire phase. The Israel Supreme Court has up to 24 hours to approve The Prime Minister's ceasefire. It is estimated that the ceasefire will take full affect Sunday. What can we expect in the Middle East during the wait of the ceasefire? It was announced that there will be an emergency cabinet meeting held tomorrow renegotiating the deal after Prime Minister Netanyahu's office accused Hamas on reneging on part of the of the ceasefire. However a Hamas spokesperson Sami Abu Zuhri denied all accusations of Hamas reneging on the terms of the ceasefire. Is the conflict and delay of the ceasefire a prediction to the conflict that is to come? The first stage of the ceasefire will take about 6 weeks, allowing the phased release of American and Palestinian citizens. Hamas is expected to release at least 2 American citizens during the first phase and a a Senior administration official during the second phase. It is expected with each hostage released by Hamas a number of Palestinian detainees will be released. How will the phased release of Hamas hostages affect the culture of Americans?  If you are a journalist covering the ceasefire between Israel and Hamas, look no further than our experts for valuable insight and expert knowledge. Dr. Duerr is an expert on this subject and is available to speak to media regarding this ongoing conflict in the Middle East and the ongoing the war between Israel and Hamas – simply click on his icon to arrange an interview. Or schedule an interview by contacting Mark Weinstein at mweinstein@cedarville.edu

View all posts
Powered by