3 popular tax myths that can cost you money and nerves

Tax season officially opened on Jan. 27—and taxpayers may already be feeling that familiar feeling of anxiety: About 1 in 3 Americans say they're worried about preparing their taxes, USA Today writes. Tax anxiety is higher among younger Americans, study finds...

A tax credit that millions of Americans don’t know about, missing out on the opportunity to get money

Who wouldn't want an extra $ 300 or even $ 3000 in cash? But, oddly enough, millions of Americans miss this opportunity every year, writes USA Today. According to the Internal Revenue Service, across the country, only 4 out of 5 employees apply for ...

7 important facts about tax refunds in 2020

Tax filing season has officially begun: The IRS is accepting tax returns for 2019, and the clock is counting down to April 15th. If you are hoping for a full or quick federal tax refund this year or more next year, Money Talks News ...

Do immigrants need to file tax returns in the US and how to do it right

For immigrants arriving in the United States, the American tax system can be very confusing, notes CitizenPath. In fact, the US tax system is so complex that most American born in the country have difficulty filing each year. As a rule, tax legislation ...

The Devil's Dozen: IRS Recommendations for Protection Against 12 Tax Fraud Schemes

Nobody likes to pay taxes. But given the choice between paying taxes and losing money through fraud, most people would prefer the former. Unfortunately, this does not stop thousands of Americans from giving millions of dollars to tax scams, writes GOBankingRates. Here are the most common ways ...

When to pay taxes and file returns in 2020: the most important dates

The U.S. Internal Revenue Service (IRS) says it will accept and process tax returns starting Monday, January 27th. Reported by USA Today. What other dates need to be considered in order to file returns and pay taxes on time in 2020? Tax returns ...

Key changes: what you need to know about taxes in 2020

It's never too early to start saving money for retirement and cutting your tax bill. The IRS has adjusted inflation for a range of rates, from the amount you can contribute to a 401 (k) pension plan to individual income tax rates, CNBC writes. Pay ...

Taxes, deductions and filling out declarations: a finance specialist will answer the questions of ForumDaily readers

The US tax system is quite convoluted, and it is sometimes difficult for both Americans and immigrants to understand its intricacies. At the same time, errors in filing a declaration can result in additional costs and problems with one of the most formidable American departments - the Internal Revenue Service ...

91% of cases disclosed: in 2019, the IRS revealed billions of tax frauds

While the IRS has struggled with staff cuts and funding this past year, the agency wants the public to know that the IRS is still harshly condemning tax criminals and solving 9 out of 10 tax fraud crimes about which ...

Tax increases force millionaires to leave California

It's not just federal tax changes that are causing people to move from state to state—it turns out that tax hikes across California are driving wealthy people out of the region in droves. A new study released Oct. 7 found that when California raised its income tax rates, it caused...

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