[ad_1] Editor’s Note: Edward J. McCaffery is Robert C. Packard Trustee Chair in Law and a professor of law, economics and political science at the University of Southern California. He is the author of “Fair Not Flat: How to Make the Tax System Better and Simpler” and founder of the …
Read More »See Donald Trump’s tax returns
[ad_1] CNN — The House Ways and Means Committee has released copies six-years worth of former President Donald Trump’s tax returns, a week after releasing an extensive report that said the Internal Revenue Service failed to properly audit Trump while he was in office. The public release of Trump’s tax …
Read More »IRS delays rule change for people who get paid on Venmo, Etsy, Airbnb and other apps
[ad_1] New York CNN — Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms like Etsy and Airbnb, just got a reprieve from the IRS. Following concerns expressed by the tax community, the electronic transactions industry and some lawmakers, the IRS said …
Read More »What the pro-business tax agenda is chasing in a changing Congress
[ad_1] Sunrise hits the U.S. Capitol dome on September 30, 2021 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Main Street could find itself stuck in gridlock next year in terms of advancing pro-business tax objectives. For House Republicans, legislative priorities are likely to include extending …
Read More »Business owners have a big tax deadline coming up well before April
[ad_1] New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. While there aren’t that many tax changes that will affect small businesses in the upcoming tax season, what is new — coupled with evergreen tax issues …
Read More »What 5 key personal finance issues mean for you
[ad_1] As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of …
Read More »How much income you can have for 0% capital gains taxes in 2023
[ad_1] If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say. This week, the IRS released dozens of inflation adjustments for 2023, including higher income tax brackets, increased standard deductions, bigger estate tax exclusions and …
Read More »Here are the new income tax brackets for 2023
[ad_1] Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS on Tuesday announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income thresholds for each bracket, applying to tax year 2023 for returns filed in 2024. These brackets show …
Read More »Fearing economic slowdown, many cities rein in spending
[ad_1] CNN — Cities, towns and villages are expecting spending to decline by nearly 3% for fiscal 2022 compared with the year before, in anticipation of an economic slowdown in the near future, according to the National League of Cities’ annual City Fiscal Conditions report. Municipalities are expecting a 4% …
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