The Latest News about Income taxes

A list of taxpayers who stand to benefit the most from the Tax Cuts & Jobs Act as they begin to prepare for tax season was released Tuesday. Among the taxpayers who are set to win big this tax season are itemizers with low state and local taxes, self-employed taxpayers who will benefit from the new 20% deduction, and parents ...

The U.S. Department of the Treasury released on Friday images and descriptions of the new 1040 tax return form saying that families will be able to file their 2018 income taxes on a “postcard-sized return.” The new, less-complex form will be usable by an increasing number of Americans who no longer need to itemize thanks to the tax reform signed ...

Did you know that the U.S. federal government collects more than $3 trillion in taxes each year? Where does all that money come from? Find out in this short video. Transcript Every year the U.S. federal government collects more than $3 trillion in taxes, and almost half of that comes from you and me, the individual income taxpayers. These are ...

To draw from an opening phrase, in the beginning, there was capitalism. More accurately, at the beginning of our Constitutional Republic, government was committed to limiting – drastically – it’s footprint in the new American marketplace. Americans were free from the tyranny of government interference leveled at the former colonists at the hand of King George III. Our Founders and ...

It’s that time of the year again. Tax time. What better time to be reminded that taxes are still going up in America? Sad to say, there is a trend of state and local tax hikes, from Rhode Island to California, from Kentucky to Washington state. The trend is so strong, in fact, that we might almost call it a ...

Every single American will feel some serious financial pain in 2013, [right after the Presidential elections] due to major, stealthily-enacted, and semi-hidden tax increases, along with numerous EPA-mandated regulations that will result in skyrocketing energy prices across the country.  All of this will happen because Congress is currently paralyzed against acting responsibly due to it being an election year, where the DC power brokers, lobbyists and campaign spin-masters will threaten ...

During the Nevada GOP Presidential debate, we saw Herman Cain’s 9-9-9 plan attacked by everyone else on stage.  What might surprise some folks is how supposedly Republican Presidential candidates were apparently using leftist propaganda [posing as non-partisan] from Progressive think tanks as the basis for denouncing Cain’s 9-9-9 plan. A mere two hours before the debate, reports started coming out denouncing ...