Tag: Taxes
The wealthy now have more time to avoid estate taxes
If your family has significant wealth, it's now easier to avoid federal estate taxes, thanks to recent changes from the IRS.The IRS improved a strateg [...]
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 [...]
These 4 mid-year tax strategies can trim next year’s bill from the IRS
seksan Mongkhonkhamsao | Moment | Getty Images1. Review tax withholdingsWhen starting a new job, you fill out Form W-4, covering how much your employe [...]
Democrats Propose Raising Taxes on Some High Earners to Bolster Medicare
WASHINGTON — Senate Democrats will push to raise taxes on some high-earning Americans and steer the money to improving the solvency of Medicare, accor [...]
Indian crypto trading volumes slump following hefty taxes
Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the count [...]
Tax bill for Vermont winner of Powerball $366.7 million jackpot
If you're holding the winning ticket for Powerball's $366.7 million jackpot, don't forget about your silent partner: Uncle Sam.After rolling higher fo [...]
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston.Brandon Bell | Getty [...]
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap [...]
Californians working from home are moving to Mexico amid inflation
More than 360,000 people left California in 2021, in what some are calling "The California Exodus" — many leaving for states like Texas, Arizona and W [...]
PM under pressure to cut taxes after confidence vote
Boris Johnson's supporters believe the move would help heal divisions within the Conservative Party.
www.bbc.co.uk [...]
IRS working to boost audit rates for higher earners
Jeffrey Coolidge | Photodisc | Getty ImagesThe IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently [...]
A16z Says DAOs May Be Better Off Filing Legal Papers, Paying Taxes
The challenge is keeping a DAO decentralized while allowing it to meet the tax requirements and other practical demands of a business or nonprofit. Us [...]
Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades
Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-assets market must pay income tax on transactions that involve the [...]
Capital gains may have triggered more individual taxes for 2021
The U.S. Department of the Treasury buildingJulia Schmalz | Bloomberg | Getty ImagesSome investors may be grappling with the sting of higher-than-expe [...]
As number of billionaires climbs, new calls for wealth taxes emerge
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May [...]