Tag: Government taxation and revenue
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As Social Security faces trust fund depletion, some Washington lawmakers call for taxing high earners
High earners may only contribute Social Security payroll taxes for part of the year. As the program faces funding woes, some lawmakers say that should change.
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Identity theft victims face ‘unconscionable’ IRS delays, report says
Victims currently face wait times of almost two years to resolve their cases, according to the National Taxpayer Advocate.
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Trump Account signups now total more than 6 million, but millions more children are eligible
Trump Accounts will soon be available to millions of U.S. children; however, many may miss out on the savings opportunity — and free money.
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Child care tax breaks can save families and businesses money — but few use them, congressional report finds
Child care can be expensive for both parents and their employers. Yet existing tax incentives to help defray those costs may go unused, a new report finds.
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Trump administration appeals ruling blocking $100,000 H-1B fee
The appeal follows a ruling that President Donald Trump exceeded his authority by imposing a $100,000 H-1B visa application fee without approval from Congress.
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Sen. Bill Cassidy signs onto brief calling ‘anti-weaponization’ fund a ‘dire threat’
Sen. Bill Cassidy joined an amicus brief calling the Justice Department “anti-weaponization” fund a “dire threat.”
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Bessent says he is performing IRS commissioner duties amid Trump tax settlement scrutiny
Democrats pressed the Treasury chief over whether other taxpayers affected by the leak that included Trump’s tax returns would receive similar treatment.
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Trump Accounts create a ‘legal backdoor’ for Roth IRA wealth, tax attorney says
There’s a strategy that could help turn these new investment accounts into tax-free vehicles in retirement, some experts say.
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