National taxes
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Thailand election: Campaign freebies may be a ‘band-aid solution’ with fiscal risks
A Thai protester with a sign calling for equal workers’ rights and a fair election at a Labor Day rally…
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President Biden’s proposed 2024 budget calls for top 39.6% tax rate
President Joe Biden speaks about the U.S. response to the high-altitude Chinese balloon at the White House complex Feb. 16,…
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‘Don’t wait until March’ to hire a tax pro, says advisor — 3 moves to make before the 2023 tax filing season opens
mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be…
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House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress
New U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks with reporters in Washington, Jan. 7, 2023. Jon Cherry |…
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‘Early filers’ should wait to submit their tax return in 2023, the IRS warns. Here’s why
If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll…
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Powerball jackpot hits $1 billion — but only if you pick the less-popular prize option. If you win, here’s the tax bill
The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the…
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IRS: Here are the new income tax brackets for 2023
Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency…
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Retirement tax breaks benefit higher earners, leaving middle-class savers behind, report finds
Fstop123 | E+ | Getty Images Tax breaks designed to boost retirement savings may primarily benefit higher earners, leaving middle-class…
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Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has…
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Over 60 million tax returns could be completed automatically, study shows
Tom Werner | DigitalVision | Getty Images The IRS may have the ability to automate nearly half of tax returns,…
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