The Social Security Administration (SSA) has announced a significant increase in the Social Security tax limit for 2024, raising it by 5.2% to $168,600. This change will impact high-income earners, as they will now pay […]
The Free Application for Federal Student Aid (FAFSA) is undergoing significant changes that will impact how families apply for federal financial aid. These updates aim to simplify the application process and enhance accessibility for students […]
A new wave of IRS back taxes scam calls has stolen millions of dollars from unsuspecting victims. The Federal Trade Commission (FTC) estimates that IRS imposters have stolen nearly five million dollars in the last […]
In a significant policy shift, Vice President Kamala Harris has proposed a 28% capital gains tax rate for high earners, diverging from President Joe Biden’s more aggressive tax plan. This move comes as the 2024 […]
With the upcoming election just around the corner, Kamala Harris has unveiled her tax plans, which promise significant changes for both individuals and businesses. Here’s a comprehensive look at what her proposals entail and how […]
As the 2024 presidential race intensifies, Vice President Kamala Harris has found herself at the center of controversy over two alleged tax proposals: a so-called "golf tax" and a tax on unrealized capital gains. Social […]
The IRS has announced the resumption of processing certain Employee Retention Tax Credit (ERC) claims after a year-long pause. This move comes amidst ongoing audits and investigations into fraudulent claims, affecting over 1.4 million businesses […]
Former President Donald Trump has pledged to repeal taxes on Social Security benefits, a move that has sparked significant debate. While the proposal aims to attract the 67 million U.S. households receiving these benefits, experts […]
New York residents are set to receive a financial boost as Governor Kathy Hochul announces the distribution of $350 million in Child Tax Credit checks throughout August. This initiative is part of the expanded Empire […]
An IRS audit has revealed that nearly 5,800 of its employees and contractors owe a staggering $50 million in unpaid taxes. This discovery raises significant concerns about the agency’s ability to enforce tax compliance among […]
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