What to expect in 2024 State of the Union
President Joe Biden delivers the State of the Union address to a joint session of Congress on Feb. 7, 2023 Pool | Getty Images How Democrats propose tackling Social Security’s …
National taxes
Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from IRS
Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Digital assets are one of the agency’s …
Here’s a checklist of the tax forms needed to file your return
If you’re expecting a tax refund this season, you can avoid delays by filing a complete and accurate return. But first, you’ll need to gather your tax forms. You get …
Why Social Security beneficiaries may owe more taxes on benefits
Alistair Berg | Digitalvision | Getty Images A record 8.7% cost-of-living adjustment helped Social Security beneficiaries stave off the effects of inflation in 2023. But as they file their federal …
Can Indonesia’s next president Prabowo deliver on his big promises?
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, …
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 …
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 …
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 …
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, …
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 …