federal taxes Archive

TweetShareSharePin0 Shares In a departure from most states, the State of Mississippi has confirmed that forgiven student loan debt will be taxed. Per the official White House fact sheet for President Biden’s plan explains that the proposal will eradicate $10,000 in student loan debt for those who do not have Pell Grants and make under $250,000 per

TweetShareSharePin0 Shares The Internal Revenue Service (IRS) is seeking a $2.1 million payment from a grandmother who accidentally failed to file specific paperwork.  Boston-based Monica Toth, 82, is facing the seizure of a multi-million dollar endowment — left to her by her father who fled Nazi Germany and later became a successful U.S. businessman — because she

TweetShareSharePin0 Shares A man has been sentenced to nine years in prison for his role in leading a global Ponzi scheme involving oversized tires. The case was primarily investigated by the IRS Criminal Investigation division. In an official release, the agency shared details of the case, which spanned “the country and world.” Jason E. Adkins, of

TweetShareSharePin0 Shares Divisive Florida Governor Ron DeSantis has promised residents of the Sunshine State the largest tax cuts in state history if he is re-elected in November. DeSantis — who has close ties to Donald Trump’s newly-hired attorney Chris Kimes — faces opponent Charlie Crist, a former Republic now running on the Democratic ticket, in

TweetShareSharePin0 Shares The recent passage of the Inflation Reduction Act in the United States Congress is a huge win for the President Biden administration, who pushed for the Democrat-backed bill to be pushed through, even making special provisions to get Senator Kyrsten Sinema (D-AZ) and Senator Joe Manchin (D-WV) onboard.  The sweeping bill, that specifically

TweetShareSharePin0 Shares In a new 36-page report relating to the Federal Bureau of Investigation (FBI) raid at Donald Trump’s Mar-a-Lago residence, the U.S. Department of Justice acknowledged that the former President “likely obstructed” a government investigation with intent. Politico reported on some of the details within the report: “The government also developed evidence that government

TweetShareSharePin0 Shares As cookout attendees around the country crack open a cold one on Labor Day weekend, take a minute to discover how much of your cash is actually going toward the cost of a brew. The United States collects an excise tax on beer at the federal level (ranging from $0.11 to $0.58 per gallon based