Articles

The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue Service. Read More.

Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". Read More.

In 2018, the top 1% of income earners earned more than $540,000 each. Collectively, they earned 21% of all U.S. income, and paid 40% of all federal income taxes. The top 10% of all taxpayers who earned more than $151,000, earned 48% of the income and paid 71% of federal income taxes. Read More.

The vast majority of American families with children will automatically receive up to $300 per month per child beginning July 15, the IRS and Treasury Department announced Monday. Read More.

President Joe Biden’s income fell dramatically to $607,336 in 2020 as he dropped lucrative speaking engagements to campaign for the White House, but he still earned enough to pay the higher tax rates he’s proposed for wealthy people. Read More.

Bitcoin plunged below the $40,000 level Read More.

Eligible families will receive up to $300 per month for each child under 6, up to $250 per month for each child 6 and older Read More.

Bitcoin and cryptocurrency prices across the board have struggled this week since a sell-off sparked by Tesla TSLA -1.1% billionaire Elon Musk and ethereum co-founder Vitalik Buterin helped wipe $300 billion from the market. Read More.

The Republicans' Child Tax Credit began knocking people off the tax rolls, now the Democrats want to do even more. Read More.

🇺🇸 The Grassroots Corner - Week Beginning 5/17/21: “Meet the 'Sticky' Group – Part 1” Read More.

Much to the chagrin of taxpayers throughout New Jersey, tax season 2021 is shaping up to be quite a complicated, confusing process. Faced with an influx of stimulus checks and PPP loans, individuals and businesses alike are understandably perplexed. What does the additional income mean for our tax liability, and how will these changes affect our livelihoods? ​​​​​​​ Read More.

Wondering where your tax refund is? In its Covid-19 operations update, the Internal Revenue Service has added an explanation for why in many cases it’s taking longer than the typical 21 days to process tax refunds for individual taxpayers. We’re talking about tax returns filed for the 2020 tax year during the 2021 tax season that opened in February and runs through May 17.  Read More.

Colonial Pipeline paid $4-5M in cryptocurrency to hackers per reports Read More.

Peter Morici is Professor Emeritus at the University of Maryland and is recognized as an expert on economic policy and international economics.  He has often appeared on CNN, CBS, BBC, Fox, ABC, CNBC, NPR and NPB. Read More.

Although he lost a key vote in the Legislature promoting his revolutionary consumption tax reform plan last week, Sen. Steve Erdman of Bayard says that loss represented progress with three years left for him to accomplish his goal. Read More.