Taxes

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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Taxes
Trade Of The Day

Here’s Why H&R Block, Inc. (HRB) Could Be Your New Favorite

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. HRB $37.7100 0.0100 % 0.0300 H&R Block Sector : Consumer Discretionary Industry : Consumer Services – Misc Signal Short Term Trend Long […]

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Beverages
Daily Rundown
Educational Services
Retail Stores
Taxes

Dental, Retail Discount, Drinks, Education, Taxes

McKesson Corporation (MCK) McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, International, Medical-Surgical Solutions, and Prescription Technology Solutions (RxTS). Dollar Tree, Inc. (DLTR) Dollar Tree, Inc. operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment […]

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Consumer Confidence
Consumer Discretionary
Consumer Retail
Tax Fililng
Tax Return
Taxes
Trade Of The Day
TradersPro Sunday

Top Consumer Discretionary Stock To Buy Now

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia.  HRB $36.7700 1.4500 % 4.1100 H&R Block Sector : Consumer Discretionary Industry : Consumer Services – Misc Signal Short Term Trend Long […]

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Democrats
Oil Stocks
Tax Proposals
Taxes

Democrats Target Oil Companies With Plan to Tax Windfall Profits

(Bloomberg) — Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions. “Big Oil’s first priority is to maximize profits,” Warren, a Massachusetts Democrat, tweeted on Wednesday. “We can’t let them use Putin’s invasion as an excuse […]

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IRS
Taxes

The IRS Has a Backlog of Nearly 24 Million Tax Forms

The nation’s revenue service is facing a backlog of nearly 24 million tax returns filed last year, according to a report in The Washington Post. The pileup is delaying the processing of returns for millions of taxpayers by as much as 10 months, and is expected to slow the processing of returns filed in 2022 […]

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Democrats
Tax Fililng
Tax Proposals
Tax Refunds
Taxes

Broken SALT, Child-Credit Pledges Risk Voter Ire for Democrats

(Bloomberg) — Democratic lawmakers are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Joe Biden’s priority economic package leaves them bereft of promised benefits. Embedded in the Build Back Better package were two provisions that Democrats designed so that the effects would be felt immediately by key […]

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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
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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Tax Plan
Taxes

Marriage Penalty vs. Marriage Bonus: How Taxes Work

SmartAsset Study: How Does ‘Marriage or Mortgage’ Work in Different Metro Areas? Even if your wedding was all about eternal love, companionship and mason jars wrapped in twine, don’t fool yourself: at the end of the day, your marriage is essentially a tax arrangement in the eyes of the state. When two people become one […]

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Capital Gains Tax
Short Term Capital Gains
Tax Loss Selling
Tax Plan
Taxes

Taxes on Stocks: What Will You Have to Pay?

Capital gains taxes are owed only after an asset, like stock, is sold Buying and selling stocks involves paying capital gains taxes. How much you’ll owe depends on the amount of your earnings and how long you hold the stocks. While high-earners can pay as much as 37% on stocks they sell within a year […]

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Capital Gains Tax
Tax Deductions
Tax Loss Selling
Tax Plan
Taxes

9 Things You Didn't Know Were Tax Deductions

1. Sales taxes You have the option of deducting sales taxes or state income taxes from your federal income tax. In a state that doesn’t have its own income tax, this can be a big money saver. Even if you paid state taxes, the sales tax break might be a better deal if you made […]

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Tax Refunds
Taxes

More surprise tax refunds will go out by New Year's, the IRS says — can you expect one?

More surprise tax refunds will go out by New Year’s, the IRS says — can you expect one? Since May, the IRS has paid billions in tax refunds to Americans who weren’t expecting money back. Direct deposits and paper checks have gone to millions of people whose tax bills for last year were reduced after […]

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Billionaire Tax Proposal
Capital Gains Tax
Elon Musk
Taxes

Elon Musk fires back at critics: ‘I will pay over $11 billion in taxes this year’

Tesla’s visionary CEO Elon Musk can add another distinction to his list of record achievements—although it’s likely to be one he won’t relish. The wealthiest human to ever walk the earth posted on Twitter he will fork over more than $11 billion to the U.S. government this year, a tax bill that just may be […]

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Billionaire Tax Proposal
Capital Gains Tax
Estate Tax
Gift Tax
Property Tax
Tax Plan
Tax Proposals
Taxes

Super-Rich Americans Feel Relief as Tax Hikes Are Canceled for Now

(Bloomberg) — An exceptional year for wealthy Americans, at least in terms of their financial health, just got better. If West Virginia Senator Joe Manchin votes against President Joe Biden’s signature economic package, as he said he would on Sunday, rich Americans will escape any tax hikes, saving the top 0.1% hundreds of billions of […]

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