Tag: Government taxation and revenue
The IRS interest rate for unpaid refunds and balances will soon be 7%
Bill Oxford | E+ | Getty ImagesIf your tax refund is still in limbo, there's good news: Your balance may be accruing interest, and the rate increases [...]
What to know before rebalancing your investment portfolio
After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, [...]
How to reduce your cryptocurrency tax bill before year-end
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses.But the falling crypto [...]
Business owners have a big tax deadline coming up well before April
New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. While t [...]
4 ways to take advantage of your health-care expenses before year-end
ronnachaipark | iStock | Getty ImagesHealth-care expenses can often be unpredictable and unwelcome.However, depending on your situation, there may be [...]
What the ‘millionaire tax’ in Massachusetts means for the wealthy
If you make more than $1 million a year in Massachusetts, you may soon be subject to a "millionaire tax" approved by voters this week through a ballot [...]
Powerball jackpot at $1.9 billion — for annuity. Lump sum is overrated
It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. But the reality almost always falls far short of the fantasy."The cu [...]
What 5 key personal finance issues mean for you
As Americans head to the polls, several key personal finance issues are weighing on voters' minds and wallets.This week, the Federal Reserve enacted i [...]
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball's Monday night drawing is a whopping $1 billion.Sort of, anyway.The advertised number represents the pre-tax amount you'd ge [...]
More than 40% of U.S. households will owe no federal income tax for 2022
More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analys [...]
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend 'millionaire tax' revenueWhile the proposed taxes sound similar, there are differences in how each state plans to use the rev [...]
Investors can contribute up to $22,500 in a 401(k) and $6,500 in IRAs in 2023
If you're eager to save more for retirement in 2023, there's good news from the IRS, which just announced higher limits for your annual 401(k) plan an [...]
How much income you can have for 0% capital gains taxes in 2023
If you're planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say.This wee [...]
IRS bumps estate-tax exclusion to $12.92 million for 2023
Bernd Vogel | Getty ImagesUltra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week. Starting in 202 [...]
Here are the new income tax brackets for 2023
Andersen Ross | Blend Images | Getty ImagesAmid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deducti [...]