'Explore America': authorities offer US residents a large travel tax credit

The US economy has again begun to show some signs of life. Employment rates are rising, and businesses across the country are starting to reopen, but unfortunately the fight against COVID-19 is not over yet, MoneyTalksNews recalls. The coronavirus pandemic caused one of the most severe economic downturns ...

Defaulters cheated on billions of dollars by IRS: why don't they punish

The government control group warns that the United States Internal Revenue Service (IRS) needs to do more to hold high-income U.S. residents accountable, many of whom get away with tax returns and tax evasion, Fox News writes. In the report of the Inspector General ...

US national debt is growing rapidly due to quarantine: will taxes be raised

As of May 2020, public debt - all the money that the United States borrowed and has not yet returned - is more than $ 25,1 trillion. At current growth rates, the amount could grow by almost 70% to more than $ 42 trillion for 4 ...

Taxes in 2021: 10 Important Innovations to Know About

Next year, the tax filing process will change due to the law on financial assistance in connection with the coronavirus and the standard adjustment for inflation, writes MoneyTalksNews. If you have yet to file a tax return for the past year, you have more time than usual ...

Tax Season 2020: Coronavirus Deferred Filing Frequently Asked Questions

At the beginning of 2020, many thought that the chaos and mess of last year’s tax season was long over. According to experts, in the new year to deal with taxes should have been easier, because people have better studied the new tax rules, reminds USA Today. But after…

7 common mistakes when filling out a U.S. tax return

The idea of ​​delaying filing a tax return until the deadline of April 15th may seem tempting, but if you put it off until the last moment and make a mistake, this delay can be expensive in the future, writes USA Today. Because of one of the most ...

Rating of states with the highest and lowest differences in tax burden for rich and poor

The new tax rules come into force this year, and taxpayers are probably wondering what this means for them and their finances. However, people often confuse terms related to taxes, such as the tax rate and tax burden, writes GOBankingRates. Tax ...

U.S. Internal Revenue Service charges Russian oligarch: he faces prison

US authorities accuse Russian banker Oleg Tinkov, who was detained in London, of submitting false tax information. Now he faces up to six years in prison, this was reported in the United States Department of Justice, RIA Novosti reports. The indictment against Tinkoff consists of two points, on ...

How to file a tax return yourself: step-by-step instructions

We will not pretend that taxes are fun. Taxes are a burden. But for most people, it’s not so difficult to put their tax affairs in order. Instructions on how to file a tax return are provided by The Penny Hoarder. What do you need…

8 unexpected things that are taxed in the USA

Everyone knows that wages are taxed by the federal government, but Uncle Sam has a far-reaching definition of "taxable income," writes Money Talk. It covers numerous types of earnings. Many people do not even imagine that they are subject to federal income tax. The following are ...

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