All posts tagged "Income tax"
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30FINANCE2025 Tax Deduction Change for Those Over Age 65
As it does each year, the IRS has announced inflation adjustments to several important credit and deduction amounts, set to take effect...
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71FINANCEHere’s What a Trump Win in November Would Mean for the Tax Burden on Corporations
The 2024 presidential election is top of mind and, if you are a shareholder in a company, you might be paying more...
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53FINANCE
I’m an Economist: Here’s What a Trump Win in November Would Mean for the Tax Burden on the Poor
The 2017 Tax Cuts and Jobs Act implemented by the Trump administration resulted in slashing the corporate tax rate by 14%, cutting individual...
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78FINANCEIncome Tax Could Be Scrapped for Millions Under New Proposal
Plans have been introduced in Ohio that, if passed, could eliminate the state’s requirement for income tax. Republican lawmakers in the House...
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193FINANCEThe Savings Game: What to consider before a Roth conversion
Because of retirement-related federal legislation passed in the last few years, many individuals are considering converting some or all of their traditional...
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119FINANCETax Refunds Are Down by 11% From Last Year. Here’s Why That’s Great News
For most people, getting a tax refund is the big reward for filing your taxes, but those expecting to rake in enough money to...
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233FINANCEEarned Income Tax Credit (EITC) refund schedule for 2022 & 2023
The earned income tax credit directly reduces the amount of income tax owed by lower-income working taxpayers. Depending on a tax filer’s...
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116POLITICS
Newly released tax returns reveal Trump paid more in foreign taxes than US income tax for years
Donald Trump’s tax returns, released by the House Ways and Means Committee today, revealed several years the former president paid more in foreign...
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140FINANCEHere are the federal income tax rates and brackets for 2023
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the...
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338FINANCEYou might get triple your usual tax refund if you read this now
The Biden White House marked Tuesday, February 8, as a “day of action” to remind Americans to sign up for two huge...
