$7,500 EV tax credit may be easier to get in 2024 per Treasury rule
Maskot | Maskot | Getty Images A new proposal by the U.S. Department of the Treasury would make it easier for consumers to get a tax credit when buying a …
National taxes
Supreme Court tax case could have sweeping federal policy effects
The Supreme Court in Washington, D.C. Celal Gunes | Anadolu Agency | Getty Images As the Supreme Court starts a new term, experts are closely watching a case that could …
If you resold a Taylor Swift ticket for a profit, prepare to pay taxes
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift fans forked out an average $2,183 …
IRS to reduce audits on filers claiming the earned-income tax credit
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters They’re using resources to reverse the precipitous decline in enforcement …
IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions
Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, “catch-up contributions” allow savers …
House lawmakers examine employee retention tax credit during pandemic era
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, …
Could the Mega Millions jackpot hitting $940 million be your next tax bill?
The Mega Millions jackpot grew to $940 million on July 27, 2023. OLIVIER DOULIERY | Getty The Mega Millions jackpot has ballooned to an estimated $940 million ahead of Friday’s …