Four types of people can apply for help, according to the Internal Revenue Service (IRS). Unlike the previous three, the Fourth Stimulus is not available to residents of all 50 states in the United States. Qualifying individuals get distributions from…
Individuals have gotten stimulus cheques from the IRS three times in total, but some have not received their third payment. The deadline for submitting a $1400 tax refund application is April 18; those who qualify but have not yet received…
The prospect of year-end tax legislation dims with congressional lawmakers on holiday hiatus. However, behind this seasonal quietude lies a buzz of activity, hinting at potential tax changes expected to unfold by mid-2024. The odds of such changes materializing currently…
As tax season approaches in 2024, homeowners can anticipate significant changes, particularly in the realm of home energy credits, thanks to the Inflation Reduction Act of 2022. This expansion of credits provides an opportunity for those who have taken steps…
In light of the U.S. government’s announcement that certain states may not receive a stimulus similar to the one provided in 2021, some taxpayers remain eligible for various benefits, falling primarily under two categories: tax deductions and tax credits. Distinguishing…
Industrial tax breaks have long been a topic of debate in the United States, with some arguing that they are necessary to incentivize companies to build new facilities, while others argue that they offer little value and come at too…
A $12 billion property tax relief package aimed at providing relief to Texas homeowners and businesses has been approved by the Texas House, setting up a potential showdown with the Senate over conflicting tax-cut proposals. The proposal, known as House…
IRS Tax Refund 2019 – The Internal Revenue Service (IRS) estimates that there are still 1.5 million Americans who have the potential to receive a tax refund for the 2019 tax year. The IRS has extended the deadline to file…
Tax evasion is considered a grave offense, which can have significant consequences. What is Tax Evasion? Tax evasion means intentionally fabricating taxable income when reporting it to the Internal Revenue Service (IRS). Under the legal code known as 26 U.S.C.…
President Biden’s budget proposal for the next fiscal year has garnered attention for its plans to raise taxes on the wealthy to reduce the federal deficit. The budget has been scrutinized by the Tax Policy Center, which has evaluated how…