Tax

Bipartisan legislation that would allow Americans to raise the amount of money they can deduct from their federal taxes for charitable donations is supported by more than 25,000 organizations. The Charitable Act would enable taxpayers to…

Without federal stimulus checks in 2022, a number of states provided tax rebates and other forms of aid to residents battling the COVID-19 pandemic and soaring inflation. In 2022, taxpayers in at least five states will be required to…

Almost 50 million Individuals received stimulus checks or state tax refunds in 2022, and the IRS has determined which of these amounts is due to federal income tax. Those who got special tax rebates or incentives from their state…

Treasurer Jim Chalmers announced that Australians with more than $3 million in superannuation savings will lose their concessional tax rate. The highest yearly contribution that an Australian citizen can make to their superannuation fund…

Employers can improve employee morale, the work environment, and brand perception by fostering a volunteer-friendly culture. Volunteer work is always valuable, but is it eligible for a federal tax deduction? IRS Doesn’t Include Tax…

Many people in the United States count on the money they get from their taxes to help them make up for past-due bills and other expenditures. Inflation means that tax refunds have declined in value, and refunds are projected to be…

To assist taxpayers with tax debts but no federal tax liens, the IRS Fresh Start program was established. The IRS Fresh Start program was introduced by the Internal Revenue Service (IRS) in 2011. To assist taxpayers with tax debts but no…

The Internal Revenue Service has extended the tax deadline for taxpayers in disaster areas across the majority of California, as well as portions of Alabama and Georgia. As Southern California prepares for its first blizzard since 1989,…