Income Tax

Ohio Woman Scores $15M Lottery Win, But A Huge Tax Bill Means She May Only Take Home $4.5M – Here’s Why

In a stroke of unbelievable fortune, Jeanne, a Sandusky, Ohio resident, won $15 million in the state’s 50th Anniversary scratch-off…

Expert Finds Trump’s Tax Proposal Drains Money From 95% Of Households And Funnels It To The Top 5%, Widening Wealth Gap

Expert Finds Trump’s Tax Proposal Drains Money From 95% Of Households And Funnels It To The Top 5%, Widening Wealth…

German SPD lays out campaign for industry growth, job protection, tax breaks

FRANKFURT (Reuters) – Germany’s Social Democrats (SPD), led by Chancellor Olaf Scholz, presented on Sunday an agenda for tax breaks…

Suze Orman Explains The Little-Known Trick To Dodge The Social Security ‘Tax Torpedo’ And Retire With More Money

Americans Beware: Suze Orman Explains The Little-Known Trick To Dodge The Social Security ‘Tax Torpedo’ And Retire With More Money…

Are You Rich Enough To Be In The Top 1%? Here’s Both The Income And Net Worth You Need to Rank Among The Wealthiest

Are You Rich Enough To Be In The Top 1%? Here’s Both The Income And Net Worth You Need to…

Here’s why the minimum wage and some tax breaks don’t budge despite inflation

Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year. They include contribution limits to…

New York tax preparer charged with causing more than $100 million in losses from fraudulent returns

A New York tax preparer was arrested Monday on charges related to causing “substantially” more than $100 million in tax…

90% of qualifying electric-vehicle buyers opt for $7,500 ‘new clean vehicle’ tax credit as upfront payment, Treasury says

The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the…

Does the tax on your year-end bonus check seem high? Here’s why

Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some…

How a tax break of up to $3,200 can help heat your home more efficiently this winter

Winter is almost here, meaning the year’s coldest temperatures aren’t far off. But homeowners can take advantage of recently enacted…