federal taxes Archive

TweetShareSharePin0 Shares What You Need To Know About Taxes If You’re Getting Married Source: Flickr It may not be high on the list of wedding planning activities, but there are a few simple steps that can help keep tax issues from interrupting your newly wedded bliss. If you recently married, check out your new tax

TweetShareSharePin0 Shares IRS Holding $2 Billion In Unclaimed Tax Refunds Source: Flickr Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding. Three years is a magical number when it comes to tax returns. It refers to

TweetShareSharePin0 Shares Does the IRS consider interest on a home equity line of credit deductible as a second mortgage? Source: Flickr The home equity line of credit of an individual is considered to be deductible as a second mortgage for many people, but there are a number of considerations that need to be adhered to

TweetShareSharePin0 Shares White House releases its $6 trillion budget today. The Washington Post reports President Biden will propose no new major policies in the budget beyond the many ambitious ideas in his American Jobs Plan and American Rescue Plan. The budget reflects his $2.3 trillion infrastructure proposal, $1.8 trillion education and families plan, and $1.5

TweetShareSharePin0 Shares Today, Rep. Jerry Nadler (D-NY) reintroduced the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) to reform federal treatment of marijuana by descheduling it, meaning it no longer would be a prohibited substance. Not surprisingly, the bill includes an excise tax on all sales of marijuana products, which would take effect six months

TweetShareSharePin0 Shares Arizona legislators are considering tax changes as part of the fiscal year 2022 budget process that is underway. Companion omnibus taxation bills HB 2900 and SB 1828 would reduce individual income tax rates for all taxpayers, consolidate the state’s graduated-rate income tax brackets into what would effectively be a two-rate structure by 2023,

TweetShareSharePin0 Shares President Biden on Friday is set to unveil his first full budget along with Treasury’s Green Book, which will provide the first detailed look at key revenue proposals in the American Jobs Plan and American Families Plan. We already know that Biden aims to raise the top individual income tax rate from 37