House Democrats push for state and local taxes relief in appropriations bill
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021....
Taxes
-
-
Suburban sprawl is weighing on the U.S. economy
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of...
-
With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of the more controversial provisions —...
-
Senate Democrats push for tax on billionaires to help fund spending plan
U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams...
-
The wealthy now have more time to avoid estate taxes, thanks to an IRS change
If your family has significant wealth, it’s now easier to avoid federal estate taxes, thanks to recent changes from the IRS. The IRS improved a...
-
Winning ticket for Powerball’s $366.7 million jackpot sold in Vermont. Here’s the tax bite for the winner
If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two...
-
When it comes to a will or estate plan, don’t just set it and forget it
Spanic | E+ | Getty Images There are some obvious triggers that might prompt you to update your will, such as changes in health or...
-
These are the best ways to give to charity for the ‘vast majority of people.’ Here’s how to pick the most tax-efficient strategy
Catherine Mcqueen | Moment | Getty Images It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide...
-
A single ticket hit Powerball’s $699.8 million jackpot. Here’s the winner’s tax bill
There’s a Powerball winner in California who’s about to be ultra-wealthy — even after giving good ol’ Uncle Sam a cut of the windfall. A...
-
The extended tax deadline is fast approaching for 19 million Americans. What to know if you still haven’t filed
Cecilie Arcurs | Getty Images There’s about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for...
-
These 13 states may hit borrowers with up to $1,100 in state tax liability on forgiven student loans. How to know if your debt cancellation will trigger a bill
President Joe Biden’s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However,...
-
Eligible taxpayers can claim earned income tax credit in these states
Valeriy_G | iStock | Getty Images Flush with cash, more than two dozen states enacted tax breaks in 2021, including earned income tax credits, or...