Sanders Signs $124M Tax Cut Into Law
The measure cuts the top individual income tax rate to 4.7% from 4.9%. read more >
The measure cuts the top individual income tax rate to 4.7% from 4.9%. read more >
Some improvements have been long expected, such as bringing more paper-based systems online and answering taxpayers' phone calls promptly. Others are more ambitious: continuing to explore ways to create a government-operated electronic free-file tax return system, for example. read more >
The U.S. Senate Finance Committee pointed to an ongoing, possibly criminal conspiracy tied to nearly $100 million in accounts. read more >
Jerry Wade admitted he dodged $507,000 in taxes by using cash for business transactions and asking customers to write multiple checks in amounts of less than $10,000. read more >
Biden wants to increase the Medicare tax rate from 3.8% to 5% on income exceeding $400,000 per year, including salaries and capital gains. read more >
One reason for the optimism is the infusion of billions from the Democratic-powered legislation signed into law this summer. read more >
Some items that were indexed for inflation in the past will remain unchanged, such as the personal exemption, which remains at zero. read more >
The early days of short-term vacation rentals offered hosts a simple proposition: Rent your home and earn some extra money. Yet as the industry has matured, it's been met with regulation efforts from local governments. read more >
The famed Hot Springs restaurant is being sued by the IRS for more than $586,000 in back taxes. read more >
The government said in a lawsuit filed last week that the restaurant owes more than a half-million dollars in taxes. read more >
Did you know the business meals deduction is up from 50% to 100% this year if the food and beverages are from a restaurant? read more >
With the personal income tax filing date of today, most of us are settling up with Uncle Sam. But given the upcoming election and the inevitable new leadership in Washington, how you manage your taxes in the near future could be a bigger challenge than in the past four years. read more >
