Florida Storm victims now have until August 15, 2023, to file various federal individual and business tax returns and make tax payments, the IRS announced Tuesday, May 2. The tax…
H.R.5376 _ Inflation Reduction Act of 2022 Summary. It was passed by the senate on 08/07/2022, and became law on 08/18/2022. You can read the summary below: TITLE I--COMMITTEE ON…
We have prepared a comprehensive recap from top senior tax and economic correspondents across the country: "Biden's Corporate Tax Hike in 'The Inflation Reduction Act' won't hurt most U.S. companies.…
A new report also showed the federal deficit falling this year as covid aid expired The Congressional Budget Office said this week that high inflation is expected to persist for…
New Income Reporting Threshold for Gig Workers The American Rescue Plan Act of 2021 (“the Act”), enacted in March 2021, dramatically lowers the filing threshold for payments required to be…
This is a summary from The Washington Post piece written by Tony Romm, Amy Goldstein, and Dino Grandoni / Published on Thursday, October 28th, 2021: President Joe Biden unveiled on…
President Joe Biden is contemplating new tax hikes aimed at high-income families to finance the second phase of his multitrillion-dollar infrastructure plans, according to people familiar with the discussions, Politico…
📷 President Biden speaks about the COVID-19 pandemic during a prime-time address from the East Room of the White House, March 11, 2021. (AP Photo/Andrew Harnik) Let’s take a look…