INCOME TAX NEWS
- The Future of Taxes: They’re Higher March 10, 2023Yes, the rich should pay more, but that won’t be enough.
- Missing From Biden’s Budget: His Plan for Social Security March 10, 2023Like the president’s previous budgets, his latest proposal made no mention of any tax or spending increases linked to the program, which he had promised to shore up during his 2020 campaign.
- Joe Biden: mi plan para Medicare March 8, 2023Medicare es la sólida garantía con la que cuentan los estadounidenses. Mi presupuesto hará que el fondo fiduciario de Medicare sea solvente más allá de 2050.
- Biden Budget Will Propose Tax Increase to Bolster Medicare March 7, 2023The president’s plan targets Americans earning more than $400,000 a year in an attempt to increase the program’s solvency by 25 years.
- Joe Biden: My Plan to Extend Medicare for Another Generation March 7, 2023Medicare is the rock-solid guarantee that Americans count on. My budget will make the Medicare trust fund solvent beyond 2050.
- What You Need to Know for the 2023 Tax Season February 27, 2023Doing taxes in 2023 feels a lot like it did before the pandemic. Still, there are some meaningful changes to keep in mind.
- They Went Viral and Made Money. Now They Owe Taxes. February 25, 2023Many content creators who earned money for the first time on platforms like TikTok, Instagram and YouTube are figuring out what a 1099 form is and what they can write off.
- You Can Use Your Tax Refund to Buy I Bonds, but Should You? February 17, 2023The answer depends on whether you’re looking to get high interest rates now or a safe investment with inflation protection over many years.
- How to Deal With Social Security’s Rising Costs February 16, 2023Readers’ suggestions include eliminating the income cap and making it means-tested. Also: Black studies; free speech on campus; transgender rights.
- Fact-Checking Misleading Claims About the I.R.S. February 16, 2023Republican lawmakers lobbed the occasional misleading charge against the Internal Revenue Service during a Senate hearing on Wednesday.
IRS News
- NTA Blog: LITC Program Office Announces Supplemental Grant Opportunities for New Clinics and Expansion of its Eligibility Criteria March 23, 2023March 23, 2023 – The Low Income Taxpayer Clinic (LITC) Program is a critical part of a fair and effective […] The post NTA Blog: LITC Program Office Announces Supplemental Grant Opportunities for New Clinics and Expansion of its Eligibility Criteria appeared first on Taxpayer Advocate Service.
- NTA Blog: National Taxpayer Advocate Urges Congress to Maintain IRS Appropriations But Re-Direct Some Funds Toward Taxpayer Service and Information Technology Modernization March 16, 2023March 16, 2023 – Large U.S. banks spend between $10 billion and $14 billion a year on technology, often more […] The post NTA Blog: National Taxpayer Advocate Urges Congress to Maintain IRS Appropriations But Re-Direct Some Funds Toward Taxpayer Service and Information Technology Modernization appeared first on Taxpayer Advocate Service.
- NTA Blog: Standard Mileage Deduction Rates Should Be Consistent for All Taxpayers March 7, 2023February 28, 2023 – I and others have written tomes about the complexity of the tax code and the burdens […] The post NTA Blog: Standard Mileage Deduction Rates Should Be Consistent for All Taxpayers appeared first on Taxpayer Advocate Service.
- NTA Blog: Disaster Relief: What to Know if You’ve Been Affected By a Federally-Declared Disaster and the Recent Additional Time Provided For Parts of Alabama, California and Georgia February 28, 2023February 28, 2023 – All too often we turn on the news and hear of yet another disaster affecting hundreds […] The post NTA Blog: Disaster Relief: What to Know if You’ve Been Affected By a Federally-Declared Disaster and the Recent Additional Time Provided For Parts of Alabama, California and Georgia appeared first on Taxpayer […]
- TAS Tax Tip: The IRS Extends Disaster Relief to Victims of January and February Storms February 27, 2023February 27, 2023 – If you were a victim of the severe winter storms, flooding, landslides, and mudslides in California, […] The post TAS Tax Tip: The IRS Extends Disaster Relief to Victims of January and February Storms appeared first on Taxpayer Advocate Service.
- NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary February 27, 2023February 27, 2023 – For tax year (TY) 2019, there were nearly 34 million returns filed between the postponed period […] The post NTA Blog: Lookback Rule: The IRS Fixes the Refund Trap for the Unwary appeared first on Taxpayer Advocate Service.