Tag Archives: tax

Taxpayers are flocking to the IRS website to check their refund status as filing season reaches the one-month countdown. Nearly 380 million taxpayers visited the agency’s website last week, an 18% increase over the same week last year, according to the tax agency’s latest statistics. After landing on the official agency website, taxpayers are heading straight to the Where’s My Refund? tool. This is nothing unexpected, says an IRS spokesperson, as people search for the status of refunds… Source link

Viral TikTok posts are telling Americans to stop paying taxes by illegally exempting themselves from tax withholdings. The videos suggest that it’s possible to avoid paying federal taxes by selecting “exempt” on IRS Form W-4, or Employee’s Withholding Certificates. The videos urge viewers to reach out to their employers and request zero-dollar tax withholding, assuring that companies have to comply. The videos further imply that not having taxes withheld means not paying taxes — a false… Source link

[unable to retrieve full-text content]Yandex Go becomes a tax resident of Uzbekistan  AzerNews.Az Source link

[unable to retrieve full-text content]Yandex.Go registered as a tax resident of Uzbekistan  AzerNews.Az Source link

[unable to retrieve full-text content]New Black Lives Matter tax documents show foundation is tightening its belt, has $30M in assets  Yahoo News Source link

[unable to retrieve full-text content]Taxes 2023: Here’s what to do if you can’t pay your tax bill  Yahoo Finance Source link

[unable to retrieve full-text content]Yahoo Money: The Fair Tax Act Aims to Abolish the IRS and Set a …  Just Taxes Blog Source link

The income thresholds for the seven federal tax brackets increased by a bigger-than-normal amount for the 2023 tax year to reflect runaway inflation seen last year. “They are just the usual changes due to inflation,” Jon Whiten, from the Institute on Taxation and Economic Policy told Yahoo Finance. “More dramatic this year since inflation was also dramatic.” The inflation-adjusted amounts jumped by more than 7% from 2022, according to the Tax Policy Center, compared with last year’s 3%… Source link

The Internal Revenue Service issued 12 million tax refunds to Americans who paid too much in taxes on unemployment benefits they received in the first year of the pandemic. The agency corrected 14 million 2020 tax returns related to unemployment compensation, resulting in $14.8 billion in refunds that averaged $1,232 each. The IRS started correcting the returns in May 2021. The IRS undertook the tax probe because the American Rescue Plan, which excluded up to $10,200 in unemployment aid from… Source link

The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like aid to Ukraine and enhanced retirement savings, it will not extend “accelerated depreciation” tax breaks, which were initiated during the Trump administration and seen by many as corporate tax cuts. Read more. Source link