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 ...

Do I need to pay federal financial assistance tax because of coronavirus

Americans are eagerly awaiting federal government aid checks for the coronavirus, which they should receive next week, Fox Business reports. Checks will come from the IRS. But will you have to return something ...

Pandemic benefit for Americans: is it worth the rush to file a 2019 declaration

The US government plans to pay material assistance to Americans affected by the coronavirus quarantine, and this amount will depend on the recipient's annual income, Fox Business writes. The payout is expected to be $ 1 per adult for individuals with incomes up to $ 200. ...

To flush the toilet and bachelor life: 8 of the strangest local taxes in the US

State tax laws can be complex and quite unexpected. For example, did you know that Hawaii levies a 4% tax on tourist weddings? Here are the 8 most interesting, according to Tax Slayer, tax laws of some US states. Maine Blueberry Tax According to ...

4 common tax frauds and ways to protect yourself from them

Tax fraud occurs all year round, but during the tax season (this year it is from January 27 to April 15), their number usually increases. Of the tax frauds reported last year in the Better Business Bureau scam tracker, 61% ...

Words of the week: a simple explanation of tax terms you need to know in 2020

The proverb says: in life, only death and taxes are inevitable. This statement is dated 1716, and the word "tax" has a long history and means "the amount of money required by the government." The word comes from the Latin taxare: “censure, accrual” and dates from around the XNUMXth century. FROM…

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 ...

Lawyers sound the alarm: online scammers massively ruin older Americans

Lawyers are sounding the alarm because of the massive spread of online fraud targeting a vulnerable group of people - the elderly. Lawmakers and administration officials are seeking additional steps to protect unsuspecting Americans. This writes The Hill. Experts say that during the tax season ...

From fine to jail time: what happens if you don't pay taxes

As soon as the IRS finds out that you have not paid taxes, the consequences can vary, from moderately annoying to troubles in the “life will never be the same” category. The publication Money Talks decided to figure out what threatens tax evasion in the United States. Even if you don’t ...

4 legal tax loopholes to save thousands of dollars in 2020

It doesn’t matter if you file your tax returns for the first time or have done this for years, you can always find out how to prepare them correctly and save a lot of money. There are many strategies or loopholes that you can use to save on taxes, but many regular taxpayers ...

0 - 10 of 244