Tax

If you received unemployment benefits in 2022, you may be unsure if you are required to include this income on your tax return. Even though there was a brief period when unemployment money was not taxed, the answer is unquestionable yes.…

President Joe Biden's fiscal 2024 budget proposal asserts that, if approved, it will significantly reduce the $1.8 trillion federal budget deficit. The $6.8 trillion budget proposal will likely enhance social expenditure and raise taxes…

As a result of January's terrible weather in California, the IRS extends the tax deadline to grant Californians additional time to file their taxes. When are your taxes due? If you are a California resident, you may be eligible for an…

While the rules normally favor joint tax returns, experts say there are some situations where filing separately pays off. Every year, married couples have the option of filing their taxes together or separately. While "married filing…

You are not alone if you are still working on submitting your tax return in 2023. Many people wait until the final day of April 15 — or April 18 in 2023 — to complete their tax returns. This is expected to be especially true in 2023,…

In February of 2023, almost 71 million Individuals received payments from the Social Security Administration (SSA). Due to the massive scale of issuing so many payments, the agency staggers when they are distributed based on the…

Service Industry Tip Compliance Agreement (SITCA), a new planned tip reporting procedure, was made public by the IRS last month. Service workers' tax obligations may increase as a result of the voluntary tip reporting program between the…

Taxpayers may now stay up to speed on the status of their tax refund with the use of a new tool. The "Where's My Refund?" application is the most practical way to check the status of tax refunds for 2022, 2021, and 2020, according to the…