Three tax errors that might lead to a business audit, along with tips to prevent them
Tax season is just around the corner. While I’m sure you wouldn’t purposely misstep with the IRS, it’s a good time to be cautious about your tax filing to avoid errors. For new business owners, navigating the tax landscape can be quite challenging. One small mistake could lead to an incorrect tax bill or even […]
Living alone costs Americans an additional $10,470 each year due to the ‘singles tax’
Analysis Reveals “Single Tax” Burden for Americans Living Alone A recent analysis indicates that Americans who live alone are facing a significant financial burden, often referred to as a “single tax,” as rental prices increase nationwide. Data from Zillow reveals that the average cost of renting an apartment has surged to $1,745, marking a 30% […]
IRS pushes Louisiana tax filing deadline to March 31 following severe winter ice storms
Tax Relief Announced in Louisiana NEW ORLEANS – The IRS has rolled out tax relief for both individuals and businesses in Louisiana impacted by the severe winter ice storm that started on January 22. Thanks to this announcement, those affected now have until March 31 to file and pay various federal personal and corporate tax […]
IRS tax refunds have increased by 10.9% this season, according to early filing data.
D Keine | E+ | Getty Images Early filing data from the IRS indicates that the average tax refund has risen by 10.9% compared to the same period last year. The 2026 tax season kicks off on January 26th. As of February 6, the average refund amount reported by the IRS is $2,290, an increase […]
4 Clever Strategies to Reduce Your 2025 Tax Bill with New Regulations
Recently introduced, the “One Big Beautiful Bill Act” brings significant, long-awaited changes to tax law. Alongside, there are some temporary tax cuts, though they come with strict limitations and will typically only last until 2028 or 2029. Let’s explore four ways you could make the most of the Act’s interim provisions when filing your 2025 […]
Mahoning County Commissioners discuss tax exemption
Ohio House Bill 96: Potential Impacts on Property Tax Exemptions House Bill 96, which was approved last year, enables county commissioners in Ohio to double tax exemptions for homeowners and reduce taxes for those who occupy their homes. This change means that eligible homeowners could see a significant reduction in their property tax bills. On […]
Californians have valid anger regarding the 2026 tax proposals
California’s Taxation Plans for 2026 Lawmakers and local officials in California are gearing up to impose a slew of new taxes in 2026, affecting a wide range of individuals—from massive corporations to small business owners and everyday consumers. This summer saw another hike in the gas tax, with drivers given little warning beyond a subtle […]
Jane Street approaches the Supreme Court for clarification on ‘legal privilege’ in tax dispute with Indian authorities.
Jane Street Challenges Legal Privilege in Indian Courts MUMBAI: In the midst of its ongoing tension with Indian tax authorities, the New York-based trading firm Jane Street has brought a significant issue before the Supreme Court (SC). The firm is seeking clarification on the legal protections concerning certain confidential internal communications. This private quantitative trader […]
Documents reveal the harsh truth behind California’s tax burden.
Californians are facing a variety of small taxes and fees across the state, which can lead to a surprisingly high cost of living. An analysis points out that these hidden surcharges appear on everyday purchases, from clothing and alcohol to hotel stays. Take a hotel in Los Angeles, for instance. The advertised rate might be […]
IRS warns about two common tax credits that may postpone your refund for weeks. Be aware to avoid stress.
Tax season is here, and many people are eagerly anticipating their refunds. However, delays may affect millions of Americans, as suggested by a recent statement from the Internal Revenue Service (IRS), indicating that certain regulations could slow down processing times for those utilizing two widely used programs. The IRS mentions on its website that, “We […]