At least we know it will be exciting on the tax front, with the Tax Cuts and Jobs Act’s individual tax provisions set to expire on Dec. 31. Congress will have its hands full either extending or revising the tax provisions. But don’t worry. The ol’ tax blog will be here through...
The extensions would last until the end of 2025, aligning them with the expiration of personal tax cuts passed by Republicans in 2017 and raising the stakes for tax policy differences in November's presidential election. The deal would increase the maximum "refundable" child ta...
Sunday, September 01, 2024 However, opponents of the Internal Revenue Service's option that cuts out private tax software companies still aren't convinced of the program's value or security. UPDATE, Sept. 5, 2025: Has your state joined Direct File? Check out this special Direct File 2025...
22 Popular Tax Deductions and Tax Breaks for 2023-2024 A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Updated May 29, 2024· 3 min read Written by Tina Orem ...
In Iowa the tax cuts have helped to produce record surpluses that then can be used to cut income-tax rates further. The most important part of the above excerpt is “state spending has grown modestly since 2021.” Was Iowa as prudent as Georgia and North Carolina between 2020 and 2022?
There is no personal exemption for tax year 2023, due to a provision in the Tax Cuts and Jobs Act, which expires in 2025. 2024 Tax Bracket Chart The chart below is for the 2024 tax year filed in 2025. 2023-2024 Standard and Itemized Deductions ...
Donald Trump:Because today I am also announcing that as part of our tax cuts, we will make interest on car loans fully deductible. So this will stimulate massive domestic auto production and make car ownership dramatically more affordable for millions and millions of working American families. ...
Ethiopia has approved proposed reforms to attract startups and foreign investment, according to reports on 8 April 2024. Policy adjustments include the elimination of a 30% capital gains tax on share transfers and new share issuance; the option to retain
December, 13th, 2024 By Mark Huffman Read Article The Federal Reserve cuts interest rates for the first time in four years September, 18th, 2024 By Mark Huffman Read Article Major IRS 'Payment Due' glitch discovered June, 12th, 2024 By Gary Guthrie Read Article Got a big tax refund coming...
“There are dozens of tax cuts that would be some combination of more equitable and better designed to promote economic efficiency and growth,” said Paul Johnson, director of theInstitute for Fiscal Studies. “We are in the middle of a record-breaking increase in the tax burden on income an...