Category: #Taxes
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President Biden to Propose 3-Month Suspension of Federal Gas Tax
President Joe Biden will ask Congress to suspend the federal gasoline tax for three months in a speech on Wednesday afternoon, according to a new…
Joe Manchin calls EV tax credits “ludicrous” in Senate hearing
Enlarge / US Senator Joe Manchin likes the coal industry, doesn’t like electric vehicles. (credit: J. Scott Applewhite-Pool/Getty Images) Senator Joe Manchin called federal tax…
States are flush with marijuana money and fighting over what to do with it
Activists and politicians are sparring over whether marijuana cash should go to communities targeted by drug arrests. Source: https://www.nbcnews.com/news/us-news/states-flush-marijuana-money-are-now-fighting-over-what-do-n1291970 Droolin’ Dog sniffed out this story…
Gas price spike pressures governors to lower taxes
ALBANY, N.Y. — Decades-high inflation was already giving Americans a headache. Then came Russia’s invasion of Ukraine, which sent gas prices soaring. Now, blue and…
Fearing filing season chaos, IRS hits pause on web tool for Child Tax Credit
The White House has put on ice an online tool it had widely promoted as a way for people at the bottom of the income…
Colorado to become first US state to accept cryptocurrency tax payments
Governor says state will except crypto payments converted into a dollar value, which would then be deposited in the state’s treasury Colorado is slated to…
Flush with cash, states eye tax cutting spree
Less than a year after Democrats approved a half-trillion dollars in aid to state and local governments, many are now considering cutting taxes. In red…
How to Talk to a Real Human Being at the IRS
Read more… Source: https://lifehacker.com/how-to-talk-to-a-real-human-being-at-the-irs-1848549096 Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Jordan Hicks
Taxpayers face overloaded IRS as filing season opens Monday
An IRS worker shortage, a huge workload from pandemic-related programs and a stalled legislative boost in funding to help process returns will mean a painful…
Tax season nightmare ahead for understaffed IRS
The IRS will start accepting 2021 tax returns in less than a week, and the filing delays and administrative headaches to come might eclipse last…
More than 30 million families to lose child tax credit checks starting this weekend
Millions of families this weekend will stop receiving monthly child tax payments for the first time in months after Congress failed to pass an extension…
Get ready for ‘frustrating’ tax season, as IRS battles historic backlogs and staff shortages
Get ready for tax refund and filing delays this year, the Treasury Department warned, as the IRS starts tax season with a significant pandemic-born backlog…
Refund Delays? Treasury Says IRS Faces “Enormous Challenges”
Could your tax refund check be delayed? Representatives from the Treasury Department told journalists on Monday that the Internal Revenue Service faces “enormous challenges” in…
Don’t forget to declare income from stolen goods and illegal activities, IRS says
Don’t forget to report to the IRS any income you brought in from drug deals, bribes, stolen goods, prostitution or other illegal activity. Source: https://www.nbcnews.com/business/taxes/dont-forget-declare-income-stolen-goods-illegal-activities-irs-says-rcna10345…
White House suggests possibility of double child tax credit payments in February
White House Press Secretary Jen Psaki on Friday said that the Biden administration would look into the possibility of making double child tax credit payments in…
Billions and trillions: Climate efforts set for big boost if Build Back Better bill passes
For climate experts and policymakers, $1 trillion is just a start. Source: https://www.nbcnews.com/science/environment/climate-change-efforts-set-big-boost-build-back-better-bill-passes-rcna6471 Droolin’ Dog sniffed out this story and shared it with you. The…
Wyden rips Musk over Telsa stock poll: ‘It’s time for the Billionaires Income Tax’
Sen. Ron Wyden (D-Ore.) ripped Tesla and SpaceX CEO Elon Musk Saturday after Musk proposed selling a percentage of his stock on Twitter. Musk’s earlier tweet appeared…
Democrats likely to throw billions in tax hikes overboard as spending plans shrink
Democrats will likely drop hundreds of billions of dollars in proposed tax increases on the rich as they scramble to shrink the size of their…
How South Dakota became a global tax haven on par with the Cayman Islands
South Dakota has become the world’s foremost tax haven — right up there with the Cayman Islands, and ahead of old-fashioned locations like Switzerland. That’s…
Pro-tax millionaires call for rejection of infrastructure package without spending plan
A group of pro-tax millionaires is calling on progressives to reject the bipartisan infrastructure bill the Senate passed last month unless the multi-trillion dollar reconciliation package…
House Democrats will consider $2.9T in tax hikes — mostly on the wealthy and corporations
House Democrats will consider as much as $2.9 trillion in tax hikes for the next 10 years — mostly on the extremely wealthy and corporate…
No EV tax credit if you earn more than $100,000, says US Senate
Enlarge / Sen. Mark Kelly (D-Ariz.) departs the US Capitol at dawn after an overnight session of the US Senate on August 11, 2021, in…
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