Tag: Government taxation and revenue
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IRS hires Joseph Velli to help administer Trump accounts
Velli previously served on the boards of Paychex, Cognizant and Computershare.
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Meta, Google, Amazon, Microsoft draw Sen. Warren questions about AI tax subsidies
Sen. Elizabeth Warren is asking the leaders of Meta, Google, Amazon and Microsoft about AI and data center subsidies authorized by GOP legislation.
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Why Trump’s ‘big beautiful bill’ may shrink or boost your charitable tax break for 2026
President Donald Trump’s “big beautiful bill” could shrink or boost the charitable deduction for certain taxpayers in 2026. Here’s how to prepare for it.
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Bond market losses may offer a sizable tax savings opportunity to investors right now
Don’t wait until December: The bond market selloff has opened a tax-loss harvesting opportunity for investors to offset big gains from stocks.
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IRS tax debt agreements have plummeted: ‘I’ve never seen a number that low,’ taxpayer advocate says
More taxpayers have been applying for an “offer in compromise” since 2023, but the IRS has accepted far fewer requests. Tax experts are unsure why.
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As Republicans tout Trump’s ‘big beautiful bill,’ here’s who the tax breaks benefited most
As the midterm elections approach, Republicans are touting President Donald Trump’s “big beautiful bill” to voters. Here’s who benefited from the tax cuts.
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Charities say gifts by deceased donors are getting held up at financial firms
Nonprofits are pushing back against policies by financial institutions to collect personal information of charity employees before releasing a gift.
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Adjusting capital gains for inflation could prove a mess for individual investors
The notion of indexing capital gains for inflation sounds attractive, but the execution could be burdensome.
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Taxing high earners to help fund Social Security gains bipartisan attention — what it could mean for benefits
With Social Security due to reach a funding shortfall in six years, more lawmakers are opening up to the idea of taxing high earners to help fund the program.
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With HSAs, employers are turning to the 401(k) playbook
More employers are automatically enrolling workers into health savings accounts and paying contributions like a “match.”
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