Tag: Personal taxes
Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty ImagesIf you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according [...]
Supreme Court rejects SALT limit challenge from New York, New Jersey
Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol.Sarah Silbiger | [...]
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 [...]
Why Biden’s billionaire minimum income tax may be a tough sell
Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021.Elizabeth Frantz | ReutersPresident Joe Biden has proposed a new tax on the ul [...]
How to avoid a tax filing rejection if last year’s return is pending
Drakula & Co. | Moment | Getty ImagesThe IRS is backlogged and still sifting through tens of millions of pending returns, including many of last y [...]
Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin M. CollinsSource: Erin M. CollinsIf you're one of the millions of Americans grappling with IRS issues, you may not realize there's another option [...]
The IRS sent more than 45 million refunds. This is the average payment
Bill Oxford | E+ | Getty ImagesThe IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency repo [...]
Considering a Roth IRA conversion? Here’s how to reduce the tax bite
If you're considering a Roth conversion, your timing and yearly planning can significantly reduce the tax bite, financial experts say. The popular ret [...]
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey.Eduardo Munoz Alvarez | Getty ImagesProperty tax rel [...]
The IRS has sent nearly 30 million refunds. Here’s the average payment
Cabania | iStock | Getty Images PlusDespite ongoing challenges, the IRS has sent nearly 30 million tax refunds, worth about $103.2 billion, the agency [...]
Someone hit Powerball’s $699.8 million jackpot. Here’s the tax bill
There's a Powerball winner in California who's about to be ultra-wealthy — even after giving good ol' Uncle Sam a cut of the windfall.A single tick [...]
Here’s how states like South Dakota have become global tax havens
Offshore tax havens have long been a refuge for wealthy individuals trying to hide assets.Now, states like South Dakota, Nevada and others have als [...]
Football betting is in full swing. Don’t forget the taxman if you win
Algerina Perna | Baltimore Sun | MCT | Getty ImagesIt appears Americans are definitely ready to bet on football.Heading into the National Football [...]
Mega Thousands and thousands jackpot leaps to $600 million. Right here’s the tax invoice
Drew Angerer | Getty Photos Information | Getty PhotosNo, you did not hit the $520 million Mega Thousands and thousands jackpot.The lottery recreat [...]