Cruz offers bill to exempt tips from taxation, an idea touted by Trump
Sen. Ted Cruz (R-Texas) has introduced legislation that would exempt tips, including those made on credit and debit cards, from the tax, following an idea promoted by former President Trump during a recent trip to meet with Republicans on Capitol Hill. “American workers across many industries rely on tipped wages to survive,” Cruz said in […]
“Absolutely out of control taxation” Biden IRS capital gains
President Biden and the IRS can’t get enough of taxing Americans. The president reportedly seeks to raise the capital gains rate to what some are calling the “official federal capital gains high” in his fiscal year 2025 budget proposal, raising capital gains to 44.6%. . “Capital gains are what you get after you pay income […]
Taxes: Remote and hybrid workers could face double taxation on state taxes – AOL
If your employer is located outside of the state where you performed remote work in 2023, you could face double taxation. Being a hybrid worker can also leave you feeling stuck. With the onset of the pandemic, many employees worked remotely for the first time. Post-pandemic, hybrid work schedules have become more prominent and have […]
Americans 'working from anywhere' face DOUBLE taxation risk – Daily Mail
The rise in remote work after the pandemic has made working in rarer or less expensive states a reality for many Americans. However, the recent boom in the “work from anywhere'' and “digital nomad'' culture could have harsh and unexpected consequences as tax season approaches. If you work in a different location than where you […]