You Searched For "irs" and got 20 results
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2 mins read
Elon Musk is looking to cut government waste. Here's what the US spends money on right now.
Trump selected Elon Musk and Vivek Ramaswamy to identify areas to cut government spending. The US s…
Ayelet Sheffey,Madison Hoff
3 mins read
This map shows the rural places where young Americans are moving
Younger Americans are moving to rural areas, with large increases in Colorado, Texas, Montana, and …
Noah Sheidlower,Juliana Kaplan
2 mins read
The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims
According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…
Filip De Mott
3 mins read
The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.
Over 100,000 Americans filed their taxes using the IRS's free new program last year. Now, it's stic…
Juliana Kaplan
4 mins read
The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …
Juliana Kaplan,Ayelet Sheffey
8 mins read
Boomers are selling off their businesses. Millennials are swooping in.
Americans over 50 own half of small businesses. The massive sell-off could be a $10 trillion opport…
Ann C. Logue
2 mins read
The IRS's free tax filing system is officially open. Here's everything you need to know.
The IRS launched the Direct File tax program in March and residents of 12 states are eligible for t…
Allie Kelly
5 mins read
A 70-year-old 'cool old lady' is living it up in retirement because of her 'good government job' — and all the senior discounts she's found
Carole Cole, 70, loves her retirement freedom and financial stability. She went to Virginia for a m…
Juliana Kaplan
3 mins read
The IRS gave us a window into how much tech titans have dodged in taxes
The IRS says Microsoft owes nearly $29 billion in back taxes. It might signal a widespread practice.
Juliana Kaplan
3 mins read
Republicans' plan to fund Israel by cutting IRS spending would cost taxpayers billions and add to the national deficit
Cutting IRS funding would mean millionaires and large companies get away with not paying their fair…
Ayelet Sheffey,Juliana Kaplan
2 mins read
The IRS is rolling out a free tax filing pilot in 13 states. Here's where and who's eligible.
Taxpayers in 13 states may be able to try out the IRS's new free filing pilot in 2024.
Juliana Kaplan
2 mins read
Deductions for megamansions and Ferraris: The IRS details tax dodges by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes
The IRS is ramping up enforcement on the ultra-wealthy, and it's already raked in about $160 millio…
Juliana Kaplan
1 min read
The door is slamming shut on a $50 billion tax loophole used by the superrich
The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…
Geoff Weiss
6 mins read
What is an IRS 1099 form?
1099 forms are used to report various types of income to the IRS such as money from contract work, …
Robin Kavanagh,Sheneya Wilson…
5 mins read
Welcome to the age of geriatric millionaires
Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…
Juliana Kaplan
3 mins read
The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes
America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…
Juliana Kaplan
5 mins read
For some millennials, the reality of their retirement plans is that they're a fantasy
New data shows a significant gap with how much millennials expect they need to retire ($1.7 million…
Dan DeFrancesco
2 mins read
Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state
The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping th…
Cork Gaines
3 mins read
No, the GOP isn't going to abolish income tax — or the IRS
The GOP wants to get rid of income tax and the IRS. Neither will happen, but, if they did, it would…
Juliana Kaplan,Jacob Zinkula
4 mins read
People are getting taxed for gig work they've never done
Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …