Govt introduces new compliance requirements for crypto-asset transactions
Under the proposed framework, any prescribed reporting entity dealing in crypto-assets will be required to furnish ...
Push to scrap income tax in Missouri raises questions about replacement revenue
Under a package of legislation sponsored by Rep. Bishop Davidson, R-Republic, Missouri’s current 4.7% tax rate for most ...
Lower earners can see ‘five-figure refunds' from these tax credits, expert says. Here's who qualifies
The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...
The American Spectator3d
A Flat Income Tax Removes the Need for the IRS
A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...
Could Trump's tariffs replace the income tax? Here's what policy experts say
During the campaign, President Donald Trump floated an “all tariff policy” to replace the federal income tax. Here’s what ...
What to know about Gov. Stitt's budget plans: Tax cuts, funding cuts for state agencies
Republican Gov. Kevin Stitt's budget would cut millions from many state agencies and spend close to $250 million for new tax ...
CNET on MSN4d
Are Tips Taxable Income? Everything to Know When Filing Your Return
Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...
Why does WA have no income tax? That’s shaped class and the economy of Evergreen state
High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...
KRMG Tulsa on MSN3d
State of the State: Stitt proposes half-point cut in state income tax
In the speech, Stitt said he has directed the heads of both the Department of Public Safety and the Oklahoma Department of ...
States That Won't Tax Your Retirement Income in 2025
Several states don’t tax Social Security benefits, 401(k)s, IRAs, and pensions. But you may still have to pay state taxes on ...
JD Supra6d
IRS Clarifies the Federal Income and Employment Tax Treatment of Contributions to and Benefits Paid from State Paid Family and Medical Leave Programs
As mandatory State paid family leave and paid family and medical leave (collectively “PFML”) programs have significantly expanded and proliferated ...
Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available
Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked ...