Tag: taxes

The Biden administration on Thursday made permanent and expanded a program that gives the IRS the power to calculate the amount of taxes each participant owes to the federal government. ...

You might think (or at least hope) that sensitive data like your tax returns would be kept under close care. But we learned this week that tax prep companies have ...

President Joe Biden and first lady Jill Biden released their 2022 federal income tax return Tuesday, showing a gross income of $579,514 — a decrease from their first year in ...

Why it matters: Biden's plan, which has little chance of being enacted by Congress, amounts to the

Do you live in a state that has a high sales tax? What about a state that imposes no sales tax at all? Consumption tax, which sales tax falls under, ...

Consumption taxes are having a moment, as they do every 20 years or so. They are never a good idea, but the current iteration, which House Speaker Kevin McCarthy has ...

Topline The Trump Organization must pay $1.6 million in fines after being found guilty of tax fraud, a judge ordered Friday according to multiple outlets, after former President Donald Trump’s ...

Venmo tax reporting is the new hot topic this year. The Internal Revenue Service has issued some new rules for reporting business income through payment services such as Venmo, PayPal, ...

The Internal Revenue Service is making deductibles for work-related driving costs a little more generous for 2023. Come tax time, eligible taxpayers rely on the tax agency’s standard mileage rate ...

Massachusetts' highest-earning taxpayers will be charged an additional 4% on annual income over $1 million starting next year when the so-called "fair share" amendment to the state constitution goes into effect.