Income Tax

Billionaire Tax Proposal
Income Tax
Tax Proposals
Taxes

Rich Wall Streeters Face Shock Tax Hike While Rest of Wealthy Escape

(Bloomberg) — Wealthy Americans, who were girding for the biggest set of tax increases in three decades just a year ago, now look mostly safe from higher levies for years to come. But there’s one big, glaring exception: investment fund managers. If Democrats succeed in passing Wednesday’s surprise fiscal deal between Senate Majority Leader Chuck […]

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Income Tax
Property Tax
Tax Fililng
Tax Plan

Why Moving to a State with Low Income Taxes Could Cost You

Moving to a state that has little or no income tax may not be a savings panacea. That’s what financial professionals are telling clients who are fed up with high income tax rates in their home state and weighing an out-of-state move. They’re counseling clients to take an in-depth look at the possible financial and […]

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Income Tax
Taxes

Don't forget: Jobless benefits are taxable on 2021 tax returns

Did you collect jobless benefits in 2021? Then you’re going to need to sit back and wait to file your federal income tax return until you make sure you have all the right numbers in hand. The deadline to file a federal income tax return and most states is April 18 this year. People have […]

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Capital Gains Tax
Child Tax Credit
Estate Tax
Gift Tax
Income Tax
Property Tax
Tax Fililng
Tax Refunds

New Year, New Taxes: 2021 Tax Law Changes and Trends That Impact Your Tax Return

The tax year 2021 filing season is here and in the wake of the pandemic, there are different forms of tax relief and provisions that were either extended, expanded, or are new this season. Americans are also faced with a multitude of life changes that all have an impact on their 2021 taxes. For example, […]

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Capital Gains Tax
Income Tax
Nonfungible Tokens (NFTs)
Tax Fililng
Taxes

Intuit CEO Warns of Tax Bill Shock for Bitcoin, NFT Traders

(Bloomberg) — Intuit Inc. Chief Executive Officer Sasan Goodarzi warned that Americans who invested in speculative assets like Bitcoin or nonfungible tokens, and actively traded equities on commission-free websites could be dumbfounded at this year’s tax bill. “We’re gonna see a lot of that throughout tax season, where folks just didn’t understand what they did. […]

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Income Tax
IRS
Tax Deductions
Tax Fililng
Tax Plan

Make less than $73,000? File your taxes for free with an IRS program opening today

Make less than $73,000? File your taxes for free with an IRS program opening today The only thing worse than slogging through your taxes each year is paying for the privilege. But why pay for help if you can join the tens of millions of Americans who get their taxes done for free? Today the […]

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Income Tax

States With No Income Tax

What to know about state income tax rates The vast majority of states levy some form of tax on personal income, but each state’s approach varies. In 2022, eight states levy no individual income tax of any kind, and with the addition of New Hampshire in the coming years, that number will soon grow to […]

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