federal taxes Archive

TweetShareSharePin0 Shares Tax Credit Amount for Lexus GS 450 Hybrid Issued By IRS Source: Flickr Prior to January 1, 2006, you were restricted to claiming a $2,000 tax deduction if you purchased a hybrid car. Now you can claim a tax credit, which is much more valuable. Tax Credit Amount for Lexus GS 450 Hybrid

TweetShareSharePin0 Shares IRS Gives Victims of Hurricane Katrina More Relief Source: Flickr The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas. The IRS is giving relief to both businesses and individual taxpayers in certain areas that have been absolutely wiped out. Instead

TweetShareSharePin0 Shares Taxing wealthy individuals and corporations while improving tax enforcement is one of the main themes in the Biden administration’s tax agenda, but raising the corporate tax rate to 28 percent (as in the American Jobs Plan) complicates enforcement efforts by encouraging businesses to form as pass-through firms that tend to have lower rates

TweetShareSharePin0 Shares Coming soon: Enhanced and advanced child tax credit payments. Beginning July 15, about 39 million families and over 65 million children will receive enhanced monthly child tax credit payments of $300 for each child under age 6 and $250 for those ages 6 to 17. The benefit will reach 88 percent of children

TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance

TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance

TweetShareSharePin0 Shares The IRS continues processing returns, slowly. Source link TweetShareSharePin0 Shares