Navigating child tax credit questions – NBC 5 Dallas-Fort Worth
Congress is considering changes to the tax code, including expanding the child tax credit.it means more refunds some familieswhich may begin in the 2023 tax year. Passed by the US House of Representatives law Expands the refundable child tax credit beginning with the 2023 tax year. It is unclear whether the U.S. Senate will pass […]
The IRS's new free tax filing website is ready to use – The Washington Post
The IRS’ new Direct File website, a free site for filing tax returns, will be available to the public within the next few days, the IRS announced Wednesday. But those who want to be the first to use it should check the website during the first limited unannounced period if they’re lucky. After several weeks […]
US tax agency targets executives' personal use of corporate jets – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. As spending on airline perks for chief executives reaches record levels, US tax authorities have launched a campaign to audit executives’ personal use of corporate jets. Internal Revenue Service said on wednesday It said it was preparing […]
This tool can help you pay a 0% tax rate on capital gains
Taxpayers who sold some investments last year may be able to take advantage of an often overlooked tool to reduce their tax liability and qualify for a 0% tax rate. Long-term capital gains have three tax rates based on income: 0%, 15%, and 20%, and the wealthiest Americans are subject to a 3.8% Medicare surcharge. […]
Trump tax cuts on the line in 2024 election
Trump’s 2017 tax cuts are being contested in this year’s election, with Republicans hoping for an overwhelming majority in Congress and the White House to approve an extension of the former president’s signature law. Democrats opposed the law when Trump was in office, but have supported extending certain tax breaks, including lower rates for people […]
Hawaii wants to charge $25 per tourist tax
Hawaii lawmakers are poised to approve a $25 climate change tax on tourists visiting the Aloha State to combat what they say is an attack on the region’s natural resources. The state, visited by 9.5 million people last year, is recovering from the devastating wildfires in Lahaina, Maui, which killed at least 100 people and […]
Shakira releasing new music following tax fraud case
Shakira has revealed that her 12th studio album will be released next month, nearly seven years since the release of her last catalogue. The “Whenever, Wherever” singer took to Instagram to announce the release date for “Las Mujeres Ya No Lloran (Women Don’t Cry Anymore)” on March 22nd. Shakira’s latest album debuts months after she […]
IRS warns government tax refunds to be 29% lower in 2024
For Americans hoping for a 2024 tax refund similar to last year’s check, the Internal Revenue Service is pouring ice water on the prospect. The IRS has warned Americans that their 2024 tax refund checks could be significantly smaller than last year, according to reports. initial data Issued by the government department responsible for assessing […]
Average American set to receive 29% less in refunds this tax season, IRS says – New York Post
work by Shannon Saylor issued February 16, 2024, 9:31 a.m. ET Americans hit by inflation and waiting for a much-needed cash injection from tax refunds received 29% less in taxes than last year, according to early data from the Internal Revenue Service. The average refund issued through Feb. 2 totaled $1,395, down $568 from this […]
Average American set to receive 29% less this tax season, IRS says
Americans hit by inflation and waiting for a much-needed cash injection from tax refunds received 29% less in taxes than last year, according to early data from the Internal Revenue Service. The average refund issued through Feb. 2 totaled $1,395, down $568 from this time last year, according to the IRS. Filing season statistics showed […]