In its quarterly update on Dec. 12 to its Strategic Operating Plan, the IRS detailed accomplishments that have, among other things, allowed the IRS to recovered $4.7 billion in taxpayer dollars. More than $1.3 billion of that total comes from wealthy, high-income individuals who have not ...
While Americans may disagree on how the government spends their taxes, at tax time, many of us are looking for ways to pay no more than we owe — or even boost our tax refunds. These strategies go beyond the obvious to give you tried-and-true ways to reduce your tax liability. 1....
The address marked the first time Polis had explicitly proposed using TABOR-refund dollars — which come out of state revenue surpluses — to lower the income-tax rate as part of his push to eliminate the state’s income tax altogether.…Discussing tax reform during his address, Polis said,...
Similarly, if you own your house and are renting a spare room to a friend or family member, this version will help you report the income and locate common deductions that can save you hundreds or even thousands of dollars. Like all TurboTax software, Premier aims to give customers the bigge...
Inbound consumption in China is expected to exceed 1.5 trillion yuan (around 205 billion U.S. dollars) over the next five years, said economist Hong Tao at Beijing Technology and Business University. In 2024, inbound travelers spent over 94.2 billion dollars in China, according to the National...
Inbound consumption in China is expected to exceed 1.5 trillion yuan (around 205 billion US dollars) over the next five years, said economist Hong Tao at Beijing Technology and Business University. In 2024, inbound travelers spent over ...
On its current trajectory, the U.S. national debt could soon reach its highest level in 80 years. Dawn PapandreaMarch 13, 2025 Will Trump Cause a Recession? Donald Trump took office on Jan. 20, 2025, and experts debate whether his policies will usher in a period of economic decline...
These accounts allow your retirement savings to grow tax-free, and withdrawals are not taxable if you're 59 1/2 or older and have held the account for a minimum of five years. That's because contributions are made with after-tax dollars. “Also, unlike traditional accounts, Roth IRAs don...
Every year, state and federal tax authorities lose hundreds of millions of dollars to these schemes, which are perpetrated by illicit actors primarily through... Read more → Posted on Tuesday, August 15, 2023 at 07:00 PM in Business, Forms, IRS, Payroll tax, Tax crimes, Tax evasion, ...
While the child and dependent care credit is attractive, you may save even more money with other options. For example, if your employer provides a way to pay for childcare with "pre-tax" dollars—that is, money that's taken out of your paycheck before taxes are calculated—the...