Tag: Income Tax
What the pro-business tax agenda is chasing in a changing Congress
Sunrise hits the U.S. Capitol dome on September 30, 2021 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesMain Street could find i [...]
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 [...]
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 [...]
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 [...]
CII asks govt to bring in millennial bonds to boost forex reserves – Business Standard
CII asks govt to bring in millennial bonds to boost forex reserves Business Standard
www.business-standard.com [...]
The Mega Millions jackpot is now $1.02 billion. Here’s the tax bill
MARK RALSTON | AFP | Getty ImagesOne way to reduce your tax bill is to think charitably, according to the American Institute of CPAs: You can contribu [...]
Mega Millions jackpot is $810 million. If it’s won, here’s tax bill
Scott Olson | Getty ImagesIf you manage to beat the odds and land the next Mega Millions jackpot, don't forget that Uncle Sam will snatch a slice of t [...]
If you win the $630 million Mega Millions jackpot, here’s the tax bill
MARK RALSTON | AFP | Getty ImagesSo you didn't win the $555 million Mega Millions jackpot Tuesday night.The glass half-full view? Phew! You dodged a h [...]
IRS insists destruction of taxpayer data won’t affect payers
alfexe | iStock | Getty ImagesFilers won't be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement T [...]
How companies like Amazon, Nike and FedEx avoid paying federal taxes
The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax.In fact, at lea [...]
There’s a growing interest in wealth taxes on the super-rich
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing on Feb. 23, 2021.Greg Nash | Pool | ReutersAmericans increasingly [...]
Boris Johnson to hike taxes to deal with Covid and social care crises
Britain's Prime Minister Boris Johnson walks outdoors Downing Avenue in London, Britain, August 18, 2021.Hannah McKay | ReutersLONDON — U.Ok. Prime [...]
61% of Individuals paid no federal revenue taxes in 2020, Tax Coverage Middle says
John Ewing | Portland Press Herald | Getty PicturesGreater than 100 million U.S. households, or 61% of all taxpayers, paid no federal revenue taxes [...]