The IRS is falling behind in processing millions of income tax returns, potentially delaying refunds for many Americans.
Giving money to an online fundraiser to help those in need or to fund a creator's project on platforms like Kickstarter is not going to be tax deductible unless the money raised is going to an IRS-designated charitable organization known as a 501(c)(3).
Treasury Secretary Janet Yellen has a grand idea: a global tax regime. She envisions a minimum corporate tax standardized across the developed world and expanded authority for nations to tax multinational corporations.
CNET's child tax credit calculator can quickly estimate the amount of money you'll get in total and each month.
In general, deducting pet expenses on your tax return can get you into hot water with the Internal Revenue Service (IRS).
The Biden Administration has reportedly proposed significant changes to the capital gains tax, aiming to target the wealthiest Americans to help fund his historic aid programs. If the current proposal goes into effect, it will have an impact on startup employees who aren't (yet) wealthy.
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