Taxable-income
Latest
-
IRS Continues Ramping Up Tax Enforcement for Millionaires
IRS IRS tax enforcement has led to the collection of $520 million from tax-evading millionaires. But the agency isn’t done making the wealthy pay up.
By Katelyn Washington Published
IRS -
No Tax for Donating Leave to Ukraine Victims
Tax Breaks Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
By Rocky Mengle Published
Tax Breaks -
Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Tax Breaks Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
By William Neilson Published
Tax Breaks -
How 13 Types of Retirement Income Get Taxed
retirement When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
By Joy Taylor Published
retirement -
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
tax refunds Payments will go to people who filed their tax return by July 15 and received a refund in the past three months or are still waiting for a refund.
By Rocky Mengle Published
tax refunds -
The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
small business loans The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS just did could decimate much of that benefit.
By Bruce Willey, JD, CPA Published
small business loans -
Selling Your Stuff: The Tax Dimension
taxable income Thinking about clearing out your collectibles or selling off the antique furniture Grandma left you? Be careful, because the IRS may want a cut of your windfall.
By Joelle Spear, CFP® Published
taxable income -
Under the New Tax Law, Is My Alimony Tax-Free?
alimony The new policy goes into effect in 2019. Older divorces can be modified to follow the new rules—if both parties agree.
By Kevin McCormally Published
alimony -
How to Calculate the Tax Bill on Withdrawals from Variable Annuities
annuities Some or all of your withdrawals could be taxed, depending on how you made your initial investment and how you’re pulling money out.
By Kimberly Lankford Published
annuities