NEW YORK—The deadline to file your taxes is Tuesday, which is just around the corner. Filing U.S. tax returns—especially for the first time—can seem like a daunting task, but there are steps you can take to make it less stressful. Whether you do your taxes yourself, go to a tax clinic or hire a professional,…
Property Taxes Climb 3.6 Percent Across US to $339.8 Billion
Property taxes levied on single-family homes in the United States increased 3.6 percent to $339.8 billion in 2022, according to a new report from a real estate data firm. That’s up from $328 billion in 2021. The 2022 increase was more than double the 1.6 percent growth in 2021, but smaller than the 5.4 percent…
IRS Report Announces Major Changes on Who It Is Targeting for Audits
The Internal Revenue Service (IRS) is planning to spend tens of billions of dollars to audit wealthy taxpayers and corporations, according to the agency’s strategic operating plan released Thursday. “People who get W-2s or Social Security payments or have a small business should not be worried about a sudden new wave of IRS audits,” IRS…
IRS Report Announces Major Changes on Who It Targets for Audits
The IRS is planning to spend tens of billions of dollars to audit wealthy taxpayers and corporations, according to the agency’s strategic operating plan released on April 6. “People who get W-2s or Social Security payments or have a small business should not be worried about a sudden new wave of IRS audits,” IRS Commissioner…
Canadian Air Passengers to Pay Government 33% More in Security Fees
To gain revenue of about $300 million, the federal government will collect 33 percent more in safety fees from airline travellers. The rise in fees is part of the 2023 budget plan, and it includes an increase from $15 to $20 on domestic flights and $26 to $34 on international flights, according to Blacklock’s Reporter. While…
Many Americans Likely in for Tax Refund Disappointment: Survey
A recent survey of taxpayers shows a large number of Americans anticipated a tax refund that is either the same size or larger than last year’s. The survey, released by tax-preparing software firm TaxAct this month, showed that only about 30 percent of Americans anticipated “receiving less of a refund on their 2022 returns” despite recent…
Little Change in Tax Code Expected This Year
By Joy Taylor From Kiplinger’s Personal Finance Question: Is there any chance that Congress will pass legislation this year to reduce taxes? Answer: Not much. You can ignore many of the recent proposals from federal politicians on both sides of the aisle. They’re wishful thinking—at least for now—given the divided political climate in Washington. Most…
US Taxpayers Could Be On the Hook for Credit Suisse Bailout, Expert Warns
March 21, 2023
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Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, a macroeconomic analyst told The Epoch Times. With its announcement over the weekend, the Fed—in coordination with…
Capitol Report: Possible Trump Indictment Evokes Critics; Xi Meets Putin During Wartime
Some are fearing protests could break out amid the possible indictment against former President Donald Trump. Others echo Trump, calling it a witch hunt. We hear from a congressman to explore the implications of a potential Trump arrest. President Joe Biden issues his first veto to end a Republican bill opposing environmental, social, and governance…
Capitol Report: Possible Trump Indictment Evokes Criticism; Xi Meets Putin During Wartime
Some are fearing protests could break out amid the possible indictment against former President Donald Trump. Others echo Trump, calling it a witch hunt. We hear from a congressman to explore the implications of a potential Trump arrest. President Joe Biden issues his first veto to end a Republican bill opposing environmental, social, and governance…
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