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The IRS has announced higher federal income tax brackets for 2022 amid rising inflation. And the standard deduction is increasing to $25,900 for married couples filing together and $12,950 for … Read More
The clock is ticking for families who haven't signed up for their enhanced child tax credit (CTC) payments yet. Many families have received four advance payments of the enhanced benefit, … Read More
Taxes are often a concern for employees with stock options. Investors may consider accelerating income into a lower-tax year by selling stock or exercising non-qualified stock options. However, investors need … Read More
Minister slams ‘simplistic’ narrative on prices, cites provision for welfare schemes Reiterating that the excise duty levied on petroleum products is funding free COVID-19 vaccines and public welfare schemes, Petroleum … Read More
More than 37 million children could lose the enhanced monthly child tax credit (CTC) if Democrats adopt Sen. Joe Manchin, D-W.V.,'s reported desire to include an income cap of $60,000 … Read More
The American Rescue Plan temporarily boosted the child and dependent care tax credit, another write-off for working families. The enhanced credit for 2021 allows eligible parents to claim up to … Read More
Sen. Elizabeth Warren and two other key senators on Tuesday called on the IRS to demonstrate how better enforcement could help generate billions in owed taxes. Warren, who was joined … Read More
President Joe Biden wants to raise taxes on the wealthy to help pay for the $1.8 trillion American Families Plan. But his plan skips changes to the 20% pass-through business … Read More
Millions of Americans are going to be in for a rude awakening this tax season when they discover they owe the IRS money for unemployment payments. About 40 million Americans … Read More
Marko Kolanovic doesn’t think a Joe Biden presidency will be such a bad thing for markets after all. The influential JPMorgan Chase & Co. quantitative strategist created an Election Day … Read More
A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy … Read More
America is working harder than ever during coronavirus: Okta CEO Okta CEO Todd McKinnon discusses his corporate password and identity management company and how maintaining cybersecurity is crucial as more … Read More
