Taxes
- Politics
Trump created the controversial $10,000 SALT deduction cap. Now he wants to end it.
Former President Donald Trump, an avowed proponent of tax cuts, is floating the idea of reversing a measure passed during…
Read More » - U.S. News
Gig workers get gouged. Here’s how Trump can help — and win swing states too
Donald Trump understands the old maxim that taxation is theft, and to that end he’s proposed some interesting ways to…
Read More » - Europe
Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple
Shoppers on Wicklow Street in Dublin, Ireland, on Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images A landmark…
Read More » - Politics
The IRS wants to spend billions on “enforcement.” Here’s who is most likely to get audited.
One of the most gut-tightening phrases for taxpayers is “IRS audit,” but years of underfunding and a decline in staffing…
Read More » - Entrepreneurs
With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of…
Read More » - Politics
Democrats want to close a “stain” of a tax break. Some say it’s not enough.
The “carried-interest” tax loophole is a provision that seems to be loved only by those who enjoy its benefits: Private-equity…
Read More » - Entrepreneurs
These midyear tax strategies can trim next year’s bill from the IRS and reduce ‘unwelcome surprises’
seksan Mongkhonkhamsao | Moment | Getty Images 1. Review tax withholdings When starting a new job, you fill out Form…
Read More » - Entrepreneurs
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…
Read More » - Entrepreneurs
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…
Read More » - Entrepreneurs
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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