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IRS
US Inflation Reduction Act: Balancing the impact of handouts on prices and inflation
President Joe Biden asserted that his Inflation Reduction Act would reindustrialize the country and generate new jobs.
Larry Fink of Bank of America and Larry Fink of BlackRock are among the economists and investors who believe that the…
IRS launches global initiative to combat cybercrime with four new investigators
The IRS plans to send four cybercrime investigators to Australia, Singapore, Colombia, and Germany beginning this summer.
These four new positions represent a substantial expansion of the IRS' global efforts to combat cybercrimes, such…
Preparing for change: The future of taxation and the IRS
After the Inflation Reduction Act was passed in 2022, the IRS will receive nearly $80 billion in additional funding from now until fiscal year 2031 to catch up with backlogs, hire more employees, implement 21st-century technology, go after…
The great savings account tax avoidance scheme of the wealthy
Some tax-advantaged accounts used to pay for retirement, healthcare, and educational costs can help you avoid paying taxes on interest.
These accounts, however, have limitations that make them inappropriate for storing emergency funds.…
Social Security expansion act: How it could increase benefits by $2,400 per year
The Social Security Expansion Act was proposed by Senator Bernie Sanders. A bill introduced in February has been revived.
The goal is to ease pressure on America's elderly by providing Social Security with additional funds. Those…
Social Security filing age: Why there’s no one-size-fits-all answer
The age at which to begin receiving Social Security benefits is one of the most difficult financial decisions that retirees must make.
This is due to the fact that your decision directly impacts the amount of money you receive each month…
IRS gets it right: A smooth Tax filing season and on-time refunds
Another tax season has come to an end, and it's possible that the IRS is getting close to having an overwhelming number of tax returns in its waiting line.
People had even more reason to dislike the federal agency they already loathe due…
How much Social Security income did Joe Biden receive in 2022?
February saw 66,2 million people receiving Social Security benefits. A wide variety of individuals are covered by Social Security.
It was primarily intended to provide a financial foundation for our nation's seniors who were unable to…