The plans of the president and other Democrats to raise taxes will affect people with a wide range of incomes, writes MoneyTalksNews. Raising taxes for the rich and corporations was a central part of Joe Biden's campaign, and he confirmed in a recent interview with ABC News that it remains ...
Depending on your situation, you may be receiving income that the IRS wants to know about. And if you are a regular online seller, keep in mind that after this year it may become harder to avoid income reporting requirements. ...
President Joe Biden is planning the first major federal tax hike since 1993 to help pay for a long-term economic program designed as a follow-up to his pandemic bill, according to people familiar with the matter. Bloomberg reports. Unlike…
Americans living in blue (traditionally Democratic-voting) states will face some of the highest tax rates in the country this year, according to a new study released March 9. Fox Business writes about this. According to WalletHub, Illinois topped the list with...
The Internal Revenue Service (IRS) is extending the tax deadline for Texas due to a winter storm, other states may also receive tax relief, writes USA Today. The IRS is extending the tax season for Texas residents due to winter storms. Instead of April 15 ...
The arrival of a new presidential administration often leads to changes in the tax code, and the Biden administration will be no exception. In addition to changes in tax categories, there will be many other changes for both individuals and companies, writes Yahoo. The Biden administration seems intent on ...
This tax season can be challenging. Experts say that in addition to figuring out how coronavirus financial aid could affect tax refunds, more taxpayers will make mistakes and receive audit notices from the IRS. In some cases, this may mean ...
The Internal Revenue Service (IRS) announced on its official website that the country's tax season will begin on February 12, 2021, when the agency will begin accepting and processing returns for the 2020 tax year. Season start date for individual tax filers ...
Everyone hopes that 2021 will be very different from the previous one. When it comes to income taxes in 2021, the IRS is not planning a major change, but even without a major tax reform, there will be changes. Fool talks about ...
The coronavirus pandemic has triggered a massive unemployment crisis in the United States. Although the unemployment rate has dropped since hitting an all-time high in April, millions of Americans are still out of work and rely on benefits to pay their bills. But it is these workers who can wait ...