James Carter The looming tax season calamity has been widely reported in the media. Expect delays in processing returns and refunds from the IRS, according to a statement issued by the tax agency. Some taxpayers may decide that, given the current state of the IRS, this is … Read more
Tax returns from last year are piling up at the Internal Revenue Service, and there aren’t nearly enough job applications to go around to fill the void. But according to Erin Collins, national taxpayer advocate at the IRS, out of the 5,050 jobs available, only … Read more
You should do this if you want to receive your federal tax refund as soon as possible: Do your taxes as soon as possible, and if you do so online, use either the IRS-backed IRS Free File or a commercial service like TurboTax to request … Read more
In his final weeks in office, President Trump was consumed by a desire to reverse his defeat in the 2020 presidential election, according to the New York Times. By the end of Trump’s presidency, many of the president’s closest aides and advisors had either departed … Read more
To alleviate the effects of the disease, the federal government has made three consecutive stimulus payments to a wide range of American citizens. In response to rising unemployment and rising prices, the government has offered financial assistance to those in need since the beginning of … Read more
Washington, D.C.– Tuesday night, the House of Representatives passed a bill that would keep the government running until March 11. Congressional negotiators have been unable to reach a bipartisan agreement on full-year spending bills for more than four months now, so the third short-term funding … Read more
On Saturday, U.S. Secretary of State Antony Blinken will travel to Fiji to reassure Pacific island leaders that Washington and its allies are committed to providing security and Covid-19 vaccines, as China steps up its aid and influence in the area. First Secretary of State … Read more
Even those with limited means should not be subject to the taxation of their Social Security benefits, which our state legislators are unable to do. I find the argument that it would cost the company a certain amount of money to implement ludicrous. In the … Read more
As the pandemic-era combination of stimulus payments, soaring home values, and stock-market gains continue to rise, more and more Americans are retiring early and delaying receiving their Social Security benefits — a trend that’s becoming more common as a result. The COVID-19 economy has created … Read more
You can only deduct so much of your wages for Social Security taxes before you run out of money to spend on other things. A new report from the Congressional Research Service seeks to change that. As long as you’ve worked, your “taxable earnings base,” … Read more