Tax season opens for individual filers on Jan. 23, says IRS

[ad_1] It’s official: The tax season kicks off for individual filers on Jan. 23, the IRS announced on Thursday. For most taxpayers, you must file your federal return and pay…

Mega Millions jackpot jumps to $1.35 billion for the next drawing. Here’s the tax bill if there’s a winner

[ad_1] Scott Olson | Getty Images You may face long odds of hitting the Mega Millions jackpot — now worth $1.35 billion — but the taxman is always guaranteed a…

‘Don’t wait until March’ to hire a tax pro, says advisor — 3 moves to make before the 2023 tax filing season opens

[ad_1] mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an…

House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress

[ad_1] New U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks with reporters in Washington, Jan. 7, 2023. Jon Cherry | Reuters House Republicans on Monday night voted to slash…

Former Trump Organization CFO Allen Weisselberg set to be sentenced in tax fraud case

[ad_1] Former CFO Allen Weisselberg leaves the courtroom for a lunch recess during a trial at the New York Supreme Court on November 17, 2022 in New York City. Michael…

Trump tax returns show former president was subject to $10,000 SALT cap — but experts say he may have sidestepped the limit

[ad_1] Former U.S. President Donald Trump on Nov. 15, 2022. Eva Marie Uzcategui/Bloomberg via Getty Images Former President Donald Trump paid millions of dollars in state and local taxes from…

IRS delays tax reporting change for 1099-K on Venmo, Paypal business payments

[ad_1] Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and…