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Earn a Side Income? Here"s What You Need to Know About Filing Taxes

Understand the tax consequences -- both positive and negative......»»

Category: topSource: moneycentralFeb 23rd, 2020

: Wealthy taxpayers are bracing for more taxes under Biden, but they’re missing this key information

Biden’s proposal would put the top income tax rate back at 39.6%, the rate before the 2017 Trump tax cuts lowered it to 37%......»»

Category: topSource: marketwatchMay 2nd, 2021

Why Paid Family Leave Is Still a Luxury in the U.S.

The U.S. is an anomaly among developed nations when it comes to paid family leave. At least 183 countries allow a working mother to take time off to be with a newborn or young child -- and to continue to earn an income while she does so. In at .....»»

Category: topSource: washpostApr 30th, 2021

Biden cites left-leaning study that 55 of top U.S. companies paid no federal income taxes

President Biden cited a study that said 55 major.....»»

Category: topSource: usatodayApr 29th, 2021

The Wall Street Journal: Capital-gains-tax hike could be a tough sell for Biden even among fellow Democrats

Some Democrats are said to be sensitive to the argument that higher taxes on investment income could slow economic growth......»»

Category: topSource: marketwatchApr 29th, 2021

All About SALT, the Tax Deduction That Divides U.S.

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

Category: topSource: washpostApr 29th, 2021

All About SALT, the Tax Deduction That Divides U.S.: QuickTake

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

Category: topSource: washpostApr 28th, 2021

All About SALT, the Tax Deduction That Divides the U.S.

For as long as Americans have paid federal income taxes, they’ve been able to subtract some portion of what they paid to their state and local governments. .....»»

Category: topSource: washpostApr 28th, 2021

Death and taxes: Americans grapple with filing the final tax return for deceased relatives in a pandemic year

When someone passes away, it can further complicate the lives of survivors who are left to deal with an array of tax i.....»»

Category: topSource: usatodayApr 22nd, 2021

"Very frustrating": Americans grapple with filing taxes for deceased relatives in a pandemic year

When someone passes away, it can further complicate the lives of survivors who are left to deal with an array of tax i.....»»

Category: topSource: usatodayApr 22nd, 2021

NerdWallet: How to deduct Medicare costs on your income taxes

If you itemize deductions on your taxes, Medicare costs, such as premiums and copayments, may be deductible......»»

Category: topSource: marketwatchApr 19th, 2021

Nike responds to report on taxes, says it paid $9.1 billion since 2016

Two weeks after the publication of a report that said Nike hadn't paid federal income taxes in three years, the sportswear giant late Friday said it has paid more than $9.1 billion in U.S. taxes since 2016......»»

Category: topSource: bizjournalsApr 16th, 2021

JPMorgan says it"s time for US corporate taxes to catch back up with the rest of the world

The bank finds the US more reliant on tax revenue from personal income and property, while Biden is "sick and tired of ordinary people being fleeced." venue Presidents Joe Biden (L) and Donald Trump (R). Salwan .....»»

Category: topSource: businessinsiderApr 15th, 2021

When are taxes due? Despite income federal deadline extension, April 15 remains key deadline for some taxpayers.

Federal tax returns are due May 17, but many people still need to pay their first quarter 2021 estimated tax payments .....»»

Category: topSource: usatodayApr 14th, 2021

Tax day 2021: Everything you need to know

Confused about filing taxes this year? You're not alone. Here's a guide to get you started. Confused about filing taxes this year? You're not alone. The COVID-19 pandemic, along with the life changes and governm.....»»

Category: topSource: latimesApr 9th, 2021

AMD, Salesforce, HP, Xilinx and Sanmina paid $0 in federal income taxes in 2020 despite $4.1B in combined profits

The five Bay Area tech firms each posted a profit last year, but used a variety of credits and other legal maneuvers to reduce their tax bills to $0......»»

Category: topSource: bizjournalsApr 5th, 2021

At least 55 of America’s biggest companies paid no federal taxes on billions in profits, study finds

FedEx, Duke Energy and Nike are among companies that were able to avoid paying any federal income tax for the last t.....»»

Category: topSource: chicagotribuneApr 2nd, 2021

Nike, FedEx, and 24 other companies with $77 billion of combined income have avoided paying taxes for years, a new report found

55 of America's biggest companies paid $0 in fe.....»»

Category: personnelSource: nytApr 2nd, 2021

IRS will soon send refunds to millions of Americans who paid taxes on their unemployment benefits

The IRS says it will automatically start sending refunds to people who filed their tax returns reporting unemployment income before getting a $10,200 tax break under the American Rescue Plan......»»

Category: topSource: washpostApr 2nd, 2021

IRS will soon send refunds to millions of Americans who paid taxes on their unemployment benefits

The IRS says it will automatically start sending refunds to people who filed their tax returns reporting unemployment income before getting a $10,200 tax break under the American Rescue Plan......»»

Category: topSource: washpostApr 2nd, 2021

Biden only wants to raise taxes on the wealthy, but he"s misleading families with $400,000-plus income

Biden says "no one making under $400,000 will see their taxes go up," but the White House says families qualify. That still only hits the richest. President Joe Biden speaks about his $2 trillion infrastru.....»»

Category: worldSource: nytApr 1st, 2021