Browsing: Tax

Roughly $198.3 million goes straight to the IRSThe Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding…

A Social Security Administration (SSA) office in Washington, DC, March 26, 2025.Saul Loeb | Afp | Getty ImagesPresident Donald Trump’s “big beautiful bill” provides relief to…

President Donald Trump arrives to speak on his plan to end tax on tips in Las Vegas, Jan. 25, 2025.Mandel Ngan | Afp | Getty ImagesWho…

Sinology | Moment | Getty ImagesA federal tax break for consumers who buy or lease electric vehicles will disappear after Sept. 30. However, consumers may have…

The used EV tax credit is going away. Should you still buy one? Source link

dowell | Moment | Getty ImagesWith the stock market hovering near record highs, you may have large profits sitting in a taxable brokerage account. Upon selling, you could…

Damircudic | E+ | Getty ImagesDelayed loan relief may trigger a new ‘penalty’The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end…

Gary Yeowell | Digitalvision | Getty ImagesPresident Donald Trump’s “big beautiful bill” enacted trillions in tax breaks — and some residents of certain states and counties…

Solstock | E+ | Getty ImagesHaving a low credit score can come at a significant cost, according to recent data.Americans with a credit score of 620…

Sales tax free week at the Connecticut Post Mall, in Milford, Conn. Aug. 19, 2024.Connecticut Post/hearst Newspapers | Hearst Newspapers | Getty ImagesEvery year, a handful…