News

Source: irs.gov - Jun 15, 2022

IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the... Read more >

Category: General Business

Source: commondreams.org - Feb 9, 2022

An analysis released Monday shows that Amazon utilized several perfectly legal mechanisms to avoid paying $5.2 billion in federal corporate income taxes in 2021, a year in which the online retail... Read more >

Category: General Business

Source: cnbc.com - Feb 9, 2022

This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise. Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and... Read more >

Category: General Business

Source: cbsnews.com - Feb 9, 2022

Katrena Ross started receiving $300 a month last July as part of the expanded monthly child tax credit payments. The Michigan mother of three, including a son with autism, used the money to pay for... Read more >

Category: General Business

Source: businessreport.com - Feb 4, 2022

Louisiana consumers pay the highest average combined state and local sales taxes in the nation, according to the latest report by Washington, D.C.-based Tax Foundation. High sales taxes can... Read more >

Category: General Business

Source: cbsnews.com - Feb 4, 2022

Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But with this tax season now open, taxpayers could see a repeat of last... Read more >

Category: General Business

Source: finance.yahoo.com - Feb 4, 2022

Georgina Tzanetos Fri, February 4, 2022, 8:30 AM·2 min read Social Security and Medicare taxes together are commonly referred to as the “FICA” tax. This is a 7.65% tax both employees and... Read more >

Category: General Business

Source: marca.com - Feb 3, 2022

Are you self-employed or get paid by apps like PayPal? Then, you must know the new changes the IRS is making. The American Rescue Plan, signed into law last year made specific evolutions for cash... Read more >

Category: General Business

Source: coindesk.com - Feb 3, 2022

The U.S. Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight –... Read more >

Category: General Business

Source: irs.gov - Feb 2, 2022

These updated FAQs were released to the public in Fact Sheet 2022-07 PDF, February 1, 2022. There have been important changes to the Child Tax Credit that will help many families receive advance... Read more >

Category: General Business

Source: cnbc.com - Apr 28, 2021

A large swath of American households may pay nothing in income taxes for 2021, a new congressional report suggests. Taxpayers with income of less than $75,000 are projected to have, on average, no... Read more >

Category: General Business

Source: policygenius.com - Apr 28, 2021

Updated Feb. 5, 2021: It’s tax season! While few people want to pay anything at all, there are ways to pay less. Tax deductions and tax credits can help you save money in tax season 2020.... Read more >

Category: General Business

Source: accountingtoday.com - Apr 28, 2021

The Internal Revenue Service could be doing more to track unreported income flowing through increasingly popular peer-to-peer payment apps like Venmo and Zelle, according to a new report. The... Read more >

Category: General Business

Source: cnet.com - Mar 26, 2021

Around 37 million stimulus checks are going out this week (track your payment here). And while the third payments for up to $1,400 per eligible person are the most immediate way the government is... Read more >

Category: General Business

Source: cnbc.com - Mar 26, 2021

Democrats may soon be raising taxes on the rich, as lawmakers pivot to priorities beyond Covid pandemic relief. A change in the way Uncle Sam taxes the wealth, capital gains and estates of the... Read more >

Category: General Business