Biden's administration intends to raise taxes: who will be affected by the changes

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 ...

What and how much can be deducted from taxes for work from home in 2020

The COVD-19 pandemic forced millions of American workers to quickly switch to work from home (WFH) mode, but not all of them had an office in their home or apartment. Therefore, many people bought new chairs, tables and other office equipment from their pockets, ...

IRS Starts Accepting Tax Returns for 2020: Timing, Deductions and Details to Know

The unprecedented events of 2020 have changed life as much as we knew it. And many of the changes and shocks of the past year have brought about changes in your tax returns. Due to the COVID-19 crisis, there are many new and revised regulations and important dates, about ...

New Rule Could Provide Greater Tax Refunds: What You Need to Know

In November 2020, a non-profit group called the Commonwealth raised the alarm. The fact is that many families faced with unemployment during the pandemic can expect unpleasant surprises in the tax season. According to the analysis, they risk losing up to 80% of their tax refunds. More ...

Tax season is approaching: what you need to know

The U.S. Internal Revenue Service (IRS) will begin accepting returns for 2020 on February 12. We will tell you what you need to do to submit your tax return on time and without errors. Check if you received income documents In January or February you should receive forms, ...

A Simple Explanation of Tax Terms You Need to Know in 2021

The proverb says: in life, only death and taxes are inevitable. This statement is dated 1716, and the word "tax" itself 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 back to about the XNUMXth century. FROM…

'Penalty for marriage': how a change in marital status affects taxes

While many couples see their tax bills decrease after they get married, some face a “marriage penalty,” meaning they pay more taxes than if they were unmarried and registered as individual taxpayers. Why…

Tax season 2021: how to prepare and file your tax return online for free

The tax season will begin on February 12, but some taxpayers may already be looking at their taxes for 2020, USA Today writes. The Free File Alliance is an IRS program that partners with private companies to provide free tax training to millions of tax fillers ...

Key tax changes in 2021: what you need to know

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 ...

On diapers, sweets and the Internet: the strangest taxes in the US

It's probably no surprise that a country with a history as colorful and varied as the United States can have some crazy taxes. From belt buckles to deer carcasses, there are many oddities that add to your tax bill. Writes about this MSN. Alabama: Confederate Veterans ...

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