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Government taxation and revenue

House lawmakers weigh relief for SALT ‘marriage penalty’

by Adrian Jhonsan
House lawmakers weigh relief for SALT ‘marriage penalty’

Violetastoimenova | E+ | Getty Images House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. While …

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Categories World

Here are some of the top red flags for an IRS audit, tax pros say

by Adrian Jhonsan
Here are some of the top red flags for an IRS audit, tax pros say

Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent …

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Categories World

For $7,500 EV tax credit, you may no longer have to wait until tax time

by Adesola Mojo
For ,500 EV tax credit, you may no longer have to wait until tax time

Halfpoint Images | Moment | Getty Images Consumers no longer have to wait to file their annual tax returns to get a tax break for the purchase of a new …

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Categories Automobile

Limiting retirement plan tax perks may help Social Security, experts say

by Adrian Jhonsan
Limiting retirement plan tax perks may help Social Security, experts say

Wand_prapan | Istock | Getty Images There’s no debate that Social Security’s funds — which are projected to become insolvent in the next decade — need fixing. But a new …

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Categories World

Here’s how to qualify for the earned income tax credit this season

by Adrian Jhonsan
Here’s how to qualify for the earned income tax credit this season

Laylabird | E+ | Getty Images Tens of millions of Americans file tax returns every year — and many are missing a “valuable credit,” according to the IRS. In 2022, …

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Categories World

Child tax credit expansion could benefit millions of families

by Adrian Jhonsan
Child tax credit expansion could benefit millions of families

J_art | Moment | Getty Images House lawmakers on Wednesday night passed a $78 billion bipartisan tax package, including a child tax credit expansion that could benefit millions of children …

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Categories World

Here’s how to get a faster tax refund, expert says

by Adrian Jhonsan
Here’s how to get a faster tax refund, expert says

D3sign | Moment | Getty Images Tax season has kicked off and the IRS has started to process 2023 returns. If you’re expecting a refund, there are a few ways …

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Categories World

House Republicans reintroduce bill to repeal ‘death tax’

by Adrian Jhonsan
House Republicans reintroduce bill to repeal ‘death tax’

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans …

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Categories World

How parents can gain from two child credits this tax season

by Adrian Jhonsan
How parents can gain from two child credits this tax season

Maskot | Maskot | Getty Images The cost to raise a child has become expensive for parents in the U.S. As tax season approaches, it’s smart to pay attention to …

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Categories World

Mega rich renew call on global leaders at Davos to ‘tax our extreme wealth’

by Adrian Jhonsan
Mega rich renew call on global leaders at Davos to ‘tax our extreme wealth’

Austrian Marlene Engelhorn, who inherited from her family who owns the Germany’s chemical giant BASF, poses with a placard reading “Tax the rich!” at the entrance of the Congress center …

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Categories World
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