The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until... Read more »
A new ETF is trying to capture profits in the municipal funds space. BondBloxx’s Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) — which launched less than a month... Read more »
Songsak Rohprasit | Moment | Getty Images The tax deadline is approaching and some filers are turning to chatbots powered by artificial intelligence for help with returns. But taxpayers should be wary... Read more »
Xavier Lorenzo | Moment | Getty Images There is officially one winner for the $1.128 billion Mega Millions jackpot — and the taxman will take a sizable share, experts say. A single... Read more »
The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the IRS received... Read more »
Whether you’re a longtime crypto investor or recently purchased digital assets, here are some key things to know from crypto tax experts. How to answer Form 1040 ‘digital assets’ question Cryptocurrency has... Read more »
Americans who enjoyed capital gains from a rallying stock market or interest from high-yield savings accounts in 2023 may have a few surprises waiting for them in their tax bill. That’s emerging... Read more »
This combination of pictures created on February 17, 2024, shows U.S. President Joe Biden waving from the South Lawn of the White House in Washington, D.C., on June 1, 2023, and former... Read more »
Artistgndphotography | E+ | Getty Images Estimated state-by-state eligibility The Treasury estimates that 19 million taxpayers may be eligible to use Direct File this season, with the following breakdown in each pilot... Read more »
The UK announced Wednesday that it would scrap its non-dom status, which allows people who live there but have permanent residency abroad to avoid taxes on their foreign assets for 15 years.... Read more »
FOR IMMEDIATE RELEASE LANSING, MI (March 7, 2024) – A new survey by the National Federation of Independent Business (NFIB) of its members in Michigan shows that small business owners do not support... Read more »
California is home to some of the highest gas prices in the United States, according to AAA. The national average for a gallon of regular unleaded was $3.40 as of Thursday, according... Read more »
UK Chancellor of the Exchequer Jeremy Hunt is looking to deliver tax cuts while keeping inflation tamed. The plans, announced in the budget Wednesday, come as his party wants to attract voters... Read more »
Shannonstent | E+ | Getty Images As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Digital assets are one of the agency’s “priority areas,”... Read more »
Ezra Bailey | Getty Images Most Americans can expect to pay Social Security payroll taxes throughout 2024. But for top earners with gross annual wage income of $1 million, March 2 marks... Read more »
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to... Read more »
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images After vowing in September to “substantially” reduce... Read more »
Jeff Bezos has unloaded another 12 million shares of Amazon.com Inc. valued at $2 billion, bringing the total sold in the past week to more than $6 billion. He sold the latest... Read more »
Violetastoimenova | E+ | Getty Images House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. While the bill... Read more »