When tax season rolls around, many married couples face the decision of whether to file their taxes jointly or separately. This choice can have a significant impact on their overall tax liability and financial situation.
An investigation has revealed that Elon Musk’s charitable foundation, the Musk Foundation, has been found to have broken tax laws due to donation discrepancies.
New York City Mayor Marcelo Loo announced on Monday that local pizzerias will receive a tax break to assist them in meeting the costly emissions crackdown. The move aims to support small businesses in the city and mitigate the financial burden of implementing environmentally friendly practices.
Consumers in the United States can now take advantage of a $7,500 federal tax credit when purchasing the all-electric 2024 Honda Prologue. This tax credit is part of the government’s incentives to encourage the shift towards electric vehicles and reduce carbon emissions.
Free options for filing your 2024 taxes are now widely available through online platforms, tax preparation software, and in-person assistance programs. These options are designed to make the tax filing process more accessible and convenient for individuals with varying income levels and needs.
The recent $607 million Mega Millions jackpot has sparked widespread interest in the potential windfall that awaits the lucky winner. However, many are wondering just how much of that massive sum would actually end up in the winner’s pocket after taxes.
MercadoLibre, the largest e-commerce platform in Latin America, announced their stable 4th-quarter profit despite facing a significant tax hit. The company’s revenue distribution remained strong across all sectors, with their financial services arm contributing significantly to their earnings.
The United States is off to a promising start in the new year as the January deficit shows a significant drop, primarily due to a simultaneous rise in receipts and a decline in tax refunds. This positive development is a testament to the strength of the nation’s economy and the effectiveness of recent policy measures.
Have you ever wondered how your Social Security benefits can become taxable? If so, you’re not alone. Many retirees are left questioning the impact of taxes on their hard-earned Social Security income. This article aims to shed light on the subject and explain how taxes may affect your monthly Social Security check.
Facebook’s rebranding to Meta has not just drawn attention to the company’s new focus on the metaverse, but it has also raised eyebrows regarding the potential tax implications for its founder, Mark Zuckerberg. As Meta prepares to distribute dividends to its shareholders, including Zuckerberg, it is estimated that the billionaire could owe millions of dollars in taxes to the Internal Revenue Service (IRS).
