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IRS
Growing concerns over the increasingly armed IRS and other government agencies
The IRS and other federal agencies continue to militarize at an alarmingly rapid rate. These agencies would be demilitarized immediately if elected officials were reasonable.
A new report from the watchdog organization Open The Books…
Maximizing your Social Security Benefits: Tips for qualifying for a bonus
Let's start with the fact that there is no Social Security bonus. There are ways to boost your retirement benefits.
You should maximize your payouts since they may last decades. These steps are foolproof ways to increase your Social…
IRS Appointments: Tips for getting through and finding the best time to call
When tax season arrives, individuals must have a thorough understanding of how to interact personally with the IRS.
Frequently, they do not know how to contact them over the phone in order to schedule an appointment. Although there are…
Social Security’s 2023 COLA Beats Inflation: A Blessing for Seniors, but 2024 Holds…
The most recent cost-of-living adjustment (COLA) for Social Security was 8.7%. This was the most significant increase in decades.
Inflation soared in 2022, driving up the cost of living for all retirees and causing many to struggle…
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.…