Tag: taxes
Taxation by Citation: States Where Highest Fines, Fees Assessed
(The Center Square) Local governments across the country pocketed nearly $9 billion in fines and fees in 2020 with residents in New York, Illinois,...
Experts Cast Doubt on Coordinated Wealth Tax Bills
(The Center Square) State legislators announced a collection of bills that target the wealthiest citizens in the U.S. across eight states. Yet many experts...
Report: IRS Delays Made Taxpayers Experience ‘More Misery in 2022’
(The Center Square) Millions of taxpayers were left in limbo as the Internal Revenue Service delayed payouts of refunds for months due to an...
How Investors Can Pay Less Taxes in 2023
(Stefan Gleason, Money Metals News Service) Among the top New Year’s resolutions investors can make is to pay less in taxes. Without doubt, taxes can...
2023 Tax Credits for EVs Will Boost Their Appeal
(AP) Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part...
IRS Juggernaut Targets Venmo, PayPal Transactions, Wedding Registries
(Molly Bruns, Headline USA) A recent reminder to report $600 transactions from Venmo and PayPal to the Internal Revenue Service has Republican lawmakers sounding alarm bells about...
Credit Rating Agency Warns Recession Could Trigger Property Tax Hikes
(The Center Square) Fitch Ratings said Friday that the outlook for state and local governments was "deteriorating" and an expected recession could put pressure...
IRS Raises Contribution Limits for Retirement Savings Plans
(AP) Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year.
The IRS said Friday that...
IRS Ups Standard Deductions, Tax Brackets Due to Inflation
(AP) Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government...
Public Schools Are Spending Money Like Crazy
(Jessica Marie Baumgartner, Foundation for Economic Education) The public education system has been failing students for years. From misappropriating funds to providing inadequate lessons...
