Latest
-
Powerball Jackpot Winner Will Pay Some Hefty Taxes
Whenever someone wins the Powerball jackpot, the federal government gets a chunk of the prize from taxes.
-
Biden Wants a Wealth Tax: Should Billionaires Pay More?
Debate over how much tax billionaires and millionaires should pay is heating up given the wealth in the Biden budget.
-
Pink Tax: What Does Price Discrimination Cost Women?
Women's History month is a good time to revisit the “pink tax”—a form of price discrimination that’s banned in many states but costs women millions of dollars each year.
-
13 Tax Breaks for Homeowners and Home Buyers
Tax Breaks Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those costs.
-
Tax Withholding Adjustments Can Boost Your Paycheck Now and Avoid Penalties Later
W-4 form If you've had too much or too little tax withheld from your paychecks, there's still time to submit a new Form W-4 to change your tax withholding for the rest of the year.
-
Filing a Deceased Person's Final Income Tax Return
It's important to know how to file a deceased person's Form 1040 or 1040-SR because unforunately, death doesn’t relieve one’s obligation to file a final federal income tax return.
-
Can You Opt Out of Student Loan Forgiveness?
A lawsuit initially caused the Department of Education to say that borrowers could opt out of President Biden’s student loan forgiveness plan. But will it matter after the Supreme Court weighs in?
-
12 States That Won't Tax Your Retirement Income
Tax Breaks Retirees can save a lot of money in these states that completely exempt the most common types of retirement income – 401(k)s, IRAs and pensions – from taxation.
-
Educator Expense Tax Deduction is Higher for 2022
taxes Some educators can deduct more for classroom supplies because the educator expense deduction for out-of-pocket expenses is higher for the 2022 tax year.
