Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in 2020. Households with $150,000
Month: April 2021
Kiyoshi Hijiki | Moment | Getty Images Nearly 3 million more business owners claimed a 20% tax deduction on their income last year relative to the prior filing season, according to IRS data. Around 21.2 million returns claimed the “qualified business income” deduction during tax season last year, which reflected income for 2019. That’s an
When we try to define “old age,” most of us want to determine where it starts, as though anything beyond X number of years is old and everything that comes before that is something else – maybe childhood or teenage or middle age. Where we draw that line might change over time. When you were school
US-based multinational corporations can’t say they were not warned. President Biden today proposed the major tax increases on US firms that he promised during the 2020 campaign. He’d use the new revenues to pay for his American Jobs Plan, a massive new $2 trillion-plus effort to improve US infrastructure and expand other domestic programs. Could
We’ve been given so many rules about designing our homes, such as always painting the walls white and that your dresser, bed, and nightstands must match. But following the rules of interior design often leads to visually uninteresting spaces. So, do we need to listen to everything we’ve been told? After all, they say that