Income Tax
Latest News
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
PCAOB Rule Change Creates Procedure to Revoke Delinquent Firms’ Registrations
A Group of House Republicans Want to Save Biden’s Energy Tax Credits if Trump is Elected
Eighteen House Republicans sent a letter to Speaker Mike Johnson earlier this month emphasizing the importance of the tax credits.
New England Patriots Defensive Linemen Sack Massachusetts Millionaires Tax
Davon Godchaux and Keion White spoke about financial freedom and literacy recently on Godchaux’s “ChauxTalk” podcast.
Both Trump and Harris Want to End the Taxing of Tips—But Is It a Good Idea?
While the political logic behind the candidates' plans is compelling, the plan to end taxes on tips is panned by tax experts.
Accountant Pleads Guilty to Filing False Tax Returns in Connecticut
Mark Legowski admitted to filing fraudulent tax returns for multiple years after failing to report $1.4 million in income.
Taxbit Rolls Out 1099-DA Support
Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.
Why Bill Belichick Thinks ‘Taxachusetts’ Deters Free Agents From Joining Patriots
The ex-New England Patriots coach says Massachusetts' additional 4% surtax on taxable income over $1 million hinders the team.
Opinion: Trump and Harris Proposals Would Make Our Tipping Culture Worse
Plans to exempt tips from federal income taxes would be bad news for customers—and perhaps even for tipped workers themselves.
U.S. Taxpayers in Puerto Rico Get Relief Due to Tropical Storm Ernesto
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).