Sales tax holidays, those cherished days when shoppers can buy certain items without paying state sales tax, are disappearing in some states. This shift could impact back-to-school shopping and other seasonal spending sprees, leaving consumers […]
Ohio residents have reason to celebrate as the state expands its sales tax holiday for 2024. Governor Mike DeWine announced that the tax-free period will now last ten days, offering significant savings on a wider […]
Floridians are gearing up for the annual back-to-school sales tax holiday, a two-week event where many school-related items are exempt from the state’s usual 6% sales tax. This year’s holiday runs from July 29 to […]
The IRS has issued final rules clarifying the 10-year rule for inherited individual retirement accounts (IRAs), requiring many beneficiaries to take annual required minimum distributions (RMDs). This new guidance, effective in 2025, resolves confusion stemming […]
Vice President Kamala Harris’s campaign saw an unprecedented surge in donations following President Biden’s endorsement. Within 24 hours, the campaign raised $81 million, setting a new record for the online fundraising platform ActBlue. This influx […]
Project 2025, a controversial policy blueprint developed by the Heritage Foundation, has been making waves with its sweeping proposals to overhaul the federal government, including significant changes to the U.S. tax system. The 900-page mandate […]
Auto experts are buzzing about a new way to save money on electric vehicles (EVs). If you’re thinking about getting an EV, there’s a special loophole that might help you get a $7,500 tax credit. […]
A class action settlement involving the popular online tax preparation service, TaxAct, is currently underway. This settlement concerns users of TaxAct’s online federal tax filing service from the past two to six years, with a […]
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