taxes
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Lawmakers Propose Tax Hikes to Combat Climate Change
Climate change is prompting some lawmakers to propose property tax hikes to fund mitigation efforts while scientists say that global warming could reach a critical level in less than a decade.
By Kelley R. Taylor • Published
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Biden Wants a Higher Child Tax Credit and So Do Some Republicans
President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.
By Joy Taylor • Published
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Will You Pay Taxes on Your State Stimulus Check?
Millions of people who received state "stimulus" payments in 2022, have wondered whether the money will be taxed.
By Kelley R. Taylor • Last updated
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State "Stimulus Checks" in 2023 – Which States Are Still Sending Payments
"Stimulus checks", rebates or other payments could still be coming for residents in a handful of states. Is your state one of them?
By Rocky Mengle • Last updated
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Save More with Tax Credits for Energy-Efficient Home Improvements
Tax Breaks Tax credits for energy-efficient home improvements are extended and expanded because of the Inflation Reduction Act.
By Rocky Mengle • Last updated
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Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Companies like ebay, Etsy, and PayPal want Congress to raise the new $600 reporting threshold for IRS Form1099-K to give relief to millions of sellers who use their sites.
By Kelley R. Taylor • Published
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Tax Scam: IRS Warns Taxpayers Against Filing False W-2 Info
Scams A new tax scam on social media advises lying on your W-2 to falsely claim credits and bigger refunds.
By Ben Demers • Published
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Home Office Tax Deduction: Work-from-Home Write-Offs for 2022
Tax Breaks Being able to claim the home office tax deduction if you are working from home, depends on your employment status.
By Rocky Mengle • Last updated
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Is Your First RMD Due April 1?
An important required minimum distribution (RMD) deadline for some retirees is just around the corner.
By Kelley R. Taylor • Published