The latest consumer price index (CPI) report showed that inflation was at an annualised pace of 9.1% in June, representing the fastest rate in 41 years.
The Biden administration on Wednesday unveiled new proposals to improve and expand student loan relief programs by attempting to make it easier for borrowers who were defrauded by for-profit schools, those who are permanently disabled and public servants to benefit from loan forgiveness, building on previous efforts to tackle what it calls a “broken” system.
So, what’s eligible during the tax-free holiday?
Pretty much everything you need to have a good time.
Just in time for Independence Day festivities, Florida shoppers can get ready to party in the USA tax-free with the 2022 Freedom Week Sales Tax Holiday starting today.
If I work from home, do I qualify for a home office tax deduction?
Unprecedented numbers of employees and companies adopted the “home office” model in 2021 and 2022. You should be aware of these significant tax ramifications if you work from home.
El Servicio de Impuestos Internos anunció que ahora se pueden enmendar más formularios electrónicamente. Estos incluyen el formulario 1040-NR, declaración de impuestos sobre los ingresos de extranjeros no residentes en los Estados Unidos y los formularios 1040-SS, declaración de impuestos de trabajo por cuenta propia en los Estados Unidos y los formularios 1040-PR, planilla para la declaración de la contribución federal sobre el trabajo por cuenta propia.
El IRS también insta a la gente a presentar la declaración tan pronto como esté preparada. No es necesario esperar hasta el último minuto antes de la fecha límite de prórroga del 17 de octubre. Presentar antes evita posibles retrasos para los contribuyentes, y también ayuda a los mayores esfuerzos del IRS en curso para completar el procesamiento de las declaraciones de impuestos de este año.
Assistance for eligible taxpayers in setting up or modifying payment plans now available; more functions planned in 2022 to help taxpayers obtain account information.
If you’re a father, there’s a good chance you help manage your household’s finances and you may even play the dominant role. As you celebrate Fathers’ Day this weekend, you might want to consider taking these steps to ensure your family is protected.
Cryptocurrency, non-filing, abusive syndicated conservation easement, abusive micro-captive deals make list.
“These tax avoidance strategies are promoted to unsuspecting folks with too-good-to-be-true promises of reducing taxes or avoiding taxes altogether,” said IRS Commissioner Chuck Rettig. Taxpayers should not kid themselves into believing they can hide income from the IRS.
Remember, the IRS won’t initiate contact by phone, email, text or social media asking for Social Security numbers or other personal or financial information related to Economic Impact Payments.