Many Americans rely on tax refunds to pay bills and save for retirement, but next year's checks could be significantly smaller than in previous years. Read More.
The Internal Revenue Service and the Treasury Department issued a notice explaining how businesses such as builders, developers and owners of clean energy facilities can satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act. Read More.
Sales tax is a requirement for interior designers, and the accounting part can be cumbersome. Working with an accountant or tax payment service can take some of the burden out of staying compliant, says Sherrell T. Martin of Nitram Financial Solutions. Read More.
If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. Typically, you get a federal refund when you’ve overpaid yearly taxes or withheld more than the amount you owe. Read More.
For many years the American people have been assured that the increasing amounts of personal information collected on their tax returns was confidential. After all, data on a person’s income and spending is about as personal and private as you can get. We were further assured that our personal data would be used only to ensure that everyone was paying the correct amount of income tax.
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If you haven't received your Massachusetts tax refund check yet, you should get it soon. In fact, most of them have already been sent out, the state said this week. Read More.
Philadelphia's latest citywide tax assessment raised residential property values by an average of 31%, which means taxes are soaring, too. But it's not too late to do something about it — and we can help. Read More.
Italy plans to apply a 50% one-off windfall tax next year on surplus income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed on Monday. Read More.
Officials in Dayton, Ohio and nearby cities remain concerned about a potential loss of income tax revenue from remote workers, even though projections that work-from-home could cost the city up to $20 million in revenue have not materialized this year. Read More.
It seems like such good news —Social Security benefits are going up 8.7% next year, thanks to inflation. But for a lot of people, their tax bill could go up, too. Read More.