WASHINGTON (AP) — The White House and congressional Democrats have agreed to a framework of options to pay for their huge, emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu to tax possibilities they can pass to fund President Joe Biden’s $3.5 trillion plan.
President Joe Biden is getting ready to spend the autumn fighting for tax increases on the wealthy and corporations. Source by: Stringr
Here are some financial to-do’s to tackle this fall. Also, check out more of this week's best money tips from experts.
The Justice Department says the Treasury Department must provide a House committee former President Donald Trump's tax returns, apparently ending a long legal showdown over the records.
Sir Sean Connery wanted help with his taxes in exchange for backing the then-government's devolution campaign in 1997, a newly-published memo has revealed.
Most parents don't have to do anything to get the funds, but those who haven't filed tax returns or used the IRS's non-filer tool to receive stimulus checks must take action to get the payments.
The Trump organization and Allen Weisselberg, the company’s longtime chief financial officer, are expected to be charged with tax-related crim…
John McAfee, the outlandish security software pioneer who tried to live life as a hedonistic outsider while running from a host of legal troub…
A summer job is a great way for students to earn some extra money while building a resume for the future and learning new things about the working world. Typically, one of the hardest lessons for students to deal with is income tax. Working students may say, "Why is so much of my paycheck withheld? And who is this FICA dude?"
Welcome, students, to income taxes and how they affect the working world that you have joined. There are two main taxes on your earnings:
- Federal Income Taxes – These provide income for operations and services of the federal government.
- Payroll Taxes – These are taxes that fund Social Security and Medicare under the Federal Insurance Contribution Act (the "FICA dude" referenced above). The taxes you pay in go toward covering the eventual services you require. You pay half of this tax obligation (the withheld amount) and your employer kicks in the other...
You may soon receive a letter from the Internal Revenue Service (IRS), but unlike other notices from the agency, you might be thankful to receive this one. That’s because the IRS announced it has started sending letters to more than 36 million families who qualify for the new monthly child tax credit payments. In March, […]
Patti Kowalchuk speaks about the rise in her home’s property tax.
The previous owner of Cheema’s Gas and Oil in Chadron, Kuldip “Cheema” Singh, was convicted last week in Scotts Bluff County on four counts of…
Q: I have lived in my parents’ house for the past 19 years. I’ve been paying rent the entire time. They want to sell it to me for less than the market value but are afraid of the huge capital gains taxes. The home was purchased 19 years ago for $120,000 and the home has doubled in value. If they sell the home to me under the market value, are they still responsible for capital gains taxes on the market value?
Also, check out more of the week's best financial tips from experts at NerdWallet, Forbes and the Motley Fool.