Tax

As part of its Digital Intake scanning project, the IRS expects to shortly begin scanning 1040 income tax returns for individuals as well as 941s for an employer's quarterly tax returns, which represents a twentyfold increase over the same…

A bipartisan group of senators has filed legislation to improve the public's understanding of the ideal timing to begin collecting Social Security. In addition, the group is requesting that the Social Security Administration investigate…

An estimated 8,800 New Yorkers who receive SNAP payments since January 2022 have been the victims of skimming, a type of electronic theft.  In an effort to better protect New Yorkers whose benefits are stolen, the Legal Aid Society and…

Tax credits lower your overall tax liability, which means you may owe less or receive a larger refund. These are used by governments to help taxpayers cover expenses or as incentives for certain actions, such as driving an electric vehicle.…

You may be eligible to claim the Child Tax Credit even if you are not required to file a tax return, but you must do so in order to do so. Beginning on January 23, 2023's tax filing season is already well underway. The majority of…

The White House said Wednesday that President Joe Biden's budget blueprint will seek additional tax increases and cut $3 trillion from the federal deficit over 10 years. Biden, 80, will outline the whole proposal ahead of a trip to…

Taxes are a necessary and essential component of life for the people of the United States, which they are well aware of. From federal income tax to state income tax and property tax, Americans are accustomed to spending a large amount of…

When filing your return, one of the most pleasant perks you might find is a tax credit. A tax credit lowers your overall tax obligation as opposed to a deduction, which lowers the amount of income that will be subject to taxation.  As a…