Tax preparers are bracing for a long and confusing tax season because of stimulus checks and the child tax credits that Americans got in 2021.
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The 2022 tax filing season begins Jan. 24, the IRS has announced. For a majority of taxpayers, the deadline to file your 2021 tax return is April 18. See: Inflation and Your Taxes -- How Do Higher...
Are you missing one or more advanced payments of the 2021 Child Tax Credit (CTC)? You may need to request a payment trace with the IRS, especially if your budget largely depends on the monthly check....
A former top Obama economist throws cold water on the Biden administration's favorite inflation argument: 'Corporate greed is a bad theory'
Jason Furman also pushed back on Joe Manchin's case that Biden's big bill would worsen inflation, calling it "a bad reason" to oppose the measure.
- AZCentral | The Arizona Republic
A host of issues could make filing your taxes more complicated this year. Here's what you need to know
The National Association of Tax Professionals is warning of the "most grueling year yet" for preparers and predicts many taxpayers may need extra help
(Bloomberg) -- New York state tax revenue soared to $84.4 billion in the first nine months of the fiscal year, $12.9 billion more than forecast, bolstered by a business tax established in April as a work-around for federal limits placed on state and local tax deductions, state Comptroller Thomas DiNapoli said.Most Read from BloombergDjokovic Loses Shot at Tennis History as Australia Deports StarOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivablePutin’s Troops Wouldn’t Get Cheers in
This year, most Americans will receive little or no extra help from the government for the first time since 2019. As the country confronts its first year without stimulus since the start of the...
The year opened with a debate over the American Rescue Plan, which would go on to boost household income by $1,400 -- $5,600 for a family of four -- through a third round of direct Economic Impact...
In 2021, people selling their houses had an easy go of it -- buyers, not so much. The stock market was nearly as hot as the housing market, and while employers struggled to keep their businesses...
- Columbia Daily Herald
The ongoing supply chain shortage of building materials continues to affect home builders on the local and national level, with increased prices and buildout times.
Boycotting Russia's Nord Stream 2 gas pipeline would hit Russia hard, but also inflict pain on Europe and the U.S.
Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on. Instead, they came from China the first week of January, delayed by supply-chain failures. "Late-arriving product really kills us," Howard said this week, noting that several other items had also arrived late, missing his pre-holiday sales season.
- Greenville News
Here's what you need to know!
- Idaho Statesman
The budget surplus is thanks, in part, to the booming population -- and the way state officials choose to spend.
China’s economy grew by 8.1% in 2021 after an abrupt slowdown in the second half that is prompting suggestions Beijing needs to shore up slumping growth.
China's state planner on Sunday urged local governments to minimise the impact from COVID-19 restrictions over the upcoming Lunar New Year holiday to help a rebound in consumption, as rising cases of the Omicron variant threaten economic growth. "Local governments should avoid simplified, one-size-fits-all ... COVID-19 epidemic and control measures (over the holiday) and minimise the impact on the people's life," the National Development and Reform Commission said in a statement. It said low-risk places in China meet the reasonable demand for short trips from urban and rural residents, and step up the supply of everyday products over the holiday period.
If you get Social Security benefits but still earn income from other sources, it's important to be aware of how this so-called provisional income affects your taxes. The good news is, there are still...
(Bloomberg) -- Europe is gripped by one of the worst energy crunches in history, forcing politicians to step in as soaring prices threaten to leave millions of households unable to pay their bills. Most Read from BloombergOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivableDjokovic Loses Shot at Tennis History as Australia Deports StarChina Cuts Interest Rate as Growth Risks Worsen With OmicronPutin’s Troops Wouldn’t Get Cheers in This Once Pro-Russia CityThe Virus Has Changed. Mayb
Omicron could peak this month, and it's disrupting the economy: cancelled flights, delayed mail, and sick workers — who may or may not go in to work.
Child Tax Credit and Stimulus 2021 Recipients: Be on the Lookout for IRS Letter With Tax Filing Info
If you received the advance Child Tax Credit payments this year, keep an eye on your mailbox: The IRS will be sending a letter detailing how to account for the payments on next year's taxes. Learn...
Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds
The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than its employees, a study from leading economists finds.