Profit on home sale can be tax-free Do I have to pay taxes on the profit I made selling my home? How do I qualify for this tax break? Click to expand Key Takeaways If you owned and lived in the home for a total of two of the five years before the sale,...
On Monday, Dec. 23, a federal court in California authorized the IRS to serve a John Doe summons on JustAnswer LLC. The federal tax agency is seeking information about U.S. taxpayers who were paid for answering questions during the years 2017-2020 on the Covina, California-based... Read...
Should the rich be taxed for being rich? How much should they be taxed? Explore the pros and cons of raising taxes on the rich. Includes key arguments made by both sides of the debate.
Posted on Friday, January 24, 2025 at 06:28 PM in Disaster, Finances, Real Estate Housing, State/Local, Tax Tip, Taxes | Permalink | Comments (0) Tags: California, disaster, disaster damage, fires, hurricane, local taxes, North Caroline, property assessment, property taxes, real estate ...
Move over, California, our state is #1 in the worst way possible. Hate paying taxes? According to new data, New York isn't the state for you. Ahead of Tax Day on April 15, WalletHub investigated the tax burden of every state to determine which taxes their residents the most aggressively...
The California Supreme Court has avoided bright-line rules when analyzing local ordinances under the Article XI, section 5 municipal affairs doctrine.[1] For example, the most recent state high court case on municipal affairs endorsed an interest-balancing approach to determine whether an activity is...
California’s total taxes on gas add up to 73.62 cents per gallon. And the state ranks second, as well, on typical gas prices ($3.64 per gallon, according to AAA). Such taxes are generally used to repair roads, but those, too, are costing motorists. Coming in ag...
The United States is one of the largest economies in the world and is home to approximately 330 million people. For more than a century, it has been a leader in the global economy, and when the companies are looking to explore new markets, the United States(US) is usually at the top ...
California employment law does not require businesses to provide their employees with severance pay when they are fired or laid off. However, if a company does decide to give an employee a severance package, there are tax issues both employer and employe
Only 12 states (Arizona, California, Florida, New Hampshire, New York, Nevada, Massachusetts, South Dakota, Tennessee, Texas, Washington, and Wyoming) are participating in this trial effort. Direct File eligibility is limited to those with income from employment (reported via W2), unemployment com...