Tag: Government taxation and revenue
The $7,500 electric vehicle tax credit’s full value may be hard to get
Tomekbudujedomek | Moment | Getty ImagesThe historic climate legislation President Joe Biden signed in August offered a federal tax break — worth up t [...]
IRS delays rules for some inherited retirement accounts until 2023
Zinkevych | iStock | Getty ImagesIf you inherited a retirement account in 2020 or 2021, the IRS is waiving penalties for some heirs who needed to star [...]
Here’s how uber-rich pass wealth tax-free to heirs during down markets
Brand New Images | Stone | Getty ImagesA lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to [...]
Here’s how to pay 0% capital gains taxes with a six-figure income
Luminola | E+ | Getty ImagesIt's natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year.But you may st [...]
Here’s how to pick the best charitable giving strategy
Catherine Mcqueen | Moment | Getty ImagesIt's easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide [...]
These are the best IRS options if you can’t pay your income taxes
Srdjanpav | E+ | Getty ImagesThe tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage the [...]
IRS erred on child tax credit payments for millions of families
The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 mi [...]
The extended tax deadline is Oct. 17. Here’s what filers need to know
Cecilie Arcurs | Getty ImagesThere's about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for [...]
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden's student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. H [...]
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes
Former President Donald Trump's political action committee, Save America, paid nearly $1 million to civil and criminal defense attorneys in July alone [...]
These are the 4 priorities for the $80 billion in IRS funding
Treasury Secretary Janet Yellen speaking at a news conference on July 14.Made Nagi | ReutersYellen outlines 4 priorities for the $80 billion in fundin [...]
Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and clima [...]
IRS interest jumps on Oct. 1. How much you’ll get for a missing refund
How to calculate your interestThe interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certifi [...]
Biden’s new corporate tax hike won’t be ‘material’ to most U.S. companies
Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol on August 4, 20 [...]
With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty ImagesAs the Democrats' spending plan moves closer to a House vote, one of the more controversial provisions — ne [...]