Taxes

Taxes in the Internet Age | TaxEDU Skip to content Home • Blog • Taxes in the Internet Age This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

The Internal Revenue Service (IRS) uses Form 1099-R to report income from retirement distributions, including withdrawals, rollovers, and conversions. Meanwhile, Forms RRB-1099 and RRB-1099-R report railroad retirement benefits for railroad workers. Let’s guide you through Form 1099-R and RRB-1099. We’ll also examine why you received one of these tax forms and how to report it

2026 Tax Brackets if the TCJA Expires Skip to content Home • Blog • How 2026 Tax Brackets Would Change if the TCJA Expires American taxpayers are scheduled to see taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general

Blog October 1, 2024 What Are the Tax Consequences of Rescheduling Marijuana? The Department of Justice (DOJ) recently announced that it would move to reschedule marijuana. This move doesn’t do as much for legal cannabis sales as proposed federal legislation like the States 2.0 Act, but rescheduling cannabis has major ramifications for cannabis businesses. 4

Placing Harris and Trump Tax Plans in Historical Context Skip to content Home • Blog • Placing Harris and Trump Tax Plans in Historical Context Presidential candidates Donald Trump and Kamala Harris have both called for substantial changes to the US taxA tax is a mandatory payment or charge collected by local, state, and national

March 13, 2024April 2, 2024 Summary of the Latest Federal Income Tax Data, 2024 Update The 2021 tax year was the fourth since the Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and

Updated for tax year 2024. Curious about the business tax deadlines that you should mark on your calendar this tax season? Here’s what small business owners need to know. Deadlines for filing small business tax returns There are different filing deadlines to be aware of depending on what type of business you have. Below are

Did you receive Form 1099-Q this tax year? The Internal Revenue Service (IRS) requires payers to send you this tax form if you took distributions from a tax-advantaged education investment account such as a 529 plan or Coverdell education savings account (ESA). Whether you’re a parent or a student, we’re here to help you understand

Updated for tax year 2024. Being a small business owner comes with some unique challenges — including figuring out how small business taxes work. The good news? We’re here to spill the essential small business tax deduction secrets to help you lower your tax liability and keep that hard-earned money in your pocket. As a

2025 Tax Brackets and Federal Income Tax Rates | Tax Foundation Skip to content Table of Contents See 2024 Tax Brackets See 2023 Tax Brackets On a yearly basis, the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflationInflation is when the general price of goods and services increases across the economy,

2024 International Tax Competitiveness Index | Tax Foundation Skip to content Table of Contents Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2024 edition. All data and methodological notes are accessible in our GitHub repository. Below is an

Because the Internal Revenue Service (IRS) doesn’t automatically send out periodic account statements, it’s easy to wonder about the status of your account. True, you’ll get letters from the IRS if you have overdue amounts from a past year, or if the IRS believes you have made a mistake on your return. But that doesn’t