Tax

In 2023, the IRS will pay a great deal of attention to crypto-derived income, as cryptocurrencies are no longer the hottest new investment asset. Regrettably, crypto tax rules remain somewhat complex. The IRS makes it clear that…

If you understand what tax deductions and tax credits are, how they operate, and how to apply for them, you can save a ton of money. A tax deduction reduces your taxable income, so reducing your overall tax burden. When you deduct the…

Investors should be aware that there are legal methods to reduce, defer, or even eliminate taxes on investment gains, allowing them to keep a larger amount of their income. Your investment income is subject to taxation by the Internal…

If you file your taxes as soon as they become available, you can expect your tax refund more promptly. Tax returns won't be accepted by the IRS until the end of January 2023. Direct deposit for your refund check and internet filing are…

The IRS will soon begin issuing tax rebates, which is wonderful news for households across the US as we enter a new year. Although the procedure can take a while, it is speeding up thanks to technology, and refunds, if any, can now be…

A tax refund is a significant silver lining of enduring winter, but if you're anticipating a large refund in 2023, you should expect to receive less than in past years. Smaller Tax Refund Experts and even the IRS warned that tax refund…

Putting off filing federal income taxes can be costly even for those expecting a return. If you get a late start, scammers may have more time to take your tax refund. However, the Internal Revenue Service now provides a second degree of…

The gas tax in Michigan is increasing from 27.2 cents to 28.6 cents per gallon. Beginning in 2022, a state statute passed by former governor Rick Snyder causes the tax to increase yearly automatically. It increases annually by the lesser of…