by Robert Wagner | Feb 13, 2023 | News
A deduction reduces your taxable income, which could result in a lower bill… If you understand what they are, how they function, and how to apply for them, tax deductions and tax credits can save you a ton of money. Your taxable income is decreased by a tax...
by Robert Wagner | Feb 13, 2023 | News
Controversial reporting rule on payments over $600 will go into effect in 2024… The Internal Revenue Service on Friday said that it is delaying by one year a new tax reporting requirement targeting Americans who made more than $600 online through third-party...
by Robert Wagner | Feb 13, 2023 | News
The Treasury Department and IRS announced on Thursday that they are delaying restrictions on which electric vehicles can be eligible for tax credits under Democrats’ climate and tax bill from earlier this year, drawing ire from Sen. Joe Manchin (D-W.Va.). The...
by Robert Wagner | Feb 13, 2023 | News
Even automakers find the IRS’s new EV incentives complicated, but it’ll all be okay… The Internal Revenue Service has released a preliminary list of electric vehicles that qualify for the U.S. federal government’s tax incentives for clean vehicles....
by Robert Wagner | Feb 13, 2023 | News
(NEXSTAR) – Tax season is upon us again, with less than 80 days until tax returns are due. If you haven’t filed your taxes yet, that means you still have time to take advantage of some commonly overlooked credits and deductions. As the IRS explains, deductions will...
by Robert Wagner | Mar 10, 2017 | News
President Donald Trump vowed throughout his campaign that he’d overhaul the US tax system, simplifying it and putting money back in the pockets of American citizens. Trump’s proposed plan, if enacted, would almost certainly deliver on that first promise:...
