Mayor Adams is expected to release an updated fiscal forecast Tuesday showing the city’s on track to rake in well over $2 billion more in tax revenue than what his team previously estimated — a revision that’s likely to fuel calls for the mayor to undo some of his unpopular budget cuts to city services, […]
Taxes By Elizabeth O’Brien Jan 15, 2024, 3:00 am EST Share Reprints Tax season kicks off on Jan. 29, and a few things are new for 2023 returns, including changes in standard deductions and expanded tax breaks for clean energy. Here are some provisions for taxpayers to be aware of when filing their return. Continue […]
(Bloomberg) — The US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families. Most Read from Bloomberg Congressional negotiators are locked in talks over renewing expired business tax breaks and boosting the child tax credit, evenly split between both. […]
Samsung Electronics Chairman Lee Kun-hee with daughters Lee Boo-jin (R) and Lee Seo-hyun, followed by his wife, Hong Ra-hee, in Las Vegas, 2012.Steve Marcus / Reuters The former Samsung Electronics chairman, who was South Korea’s richest person, died in 2020. Lee Kun-hee’s family is now selling billions worth of shares to pay inheritance taxes. South […]
Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees waived by the Internal Revenue Service (IRS). The IRS announced penalty relief in December for taxpayers who had outstanding tax bills but were not sent automated collection reminder notices during the pandemic. Though the […]
Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by the tax-writing House […]
When Gov. Gavin Newsom railed during his budget presentation this week against “shameful” suggestions from the Wall Street Journal editorial page that he would support a tax on wealthy Californians, he also could have been speaking to the national audience he’s been wooing for months. The effort to institute a state tax on ultra-millionaire and […]
LOS ANGELES — President Joe Biden’s son pleaded not guilty Thursday to federal tax charges filed after the collapse of a plea deal that could have spared him the spectacle of a criminal trial during the 2024 campaign. Hunter Biden has been accused of nine felony and misdemeanor tax offenses. The charges stem from what […]
US President Joe Biden’s son has pleaded not guilty to federal tax charges filed after the collapse of a plea deal that could have spared him the spectacle of a criminal trial during the 2024 election campaign. Hunter Biden has been accused of nine felony and misdemeanour tax offences. The charges stem from what federal […]
Hunter Biden, the son of President Biden, was expected to make his first court appearance on Thursday in downtown Los Angeles on federal tax charges — one of two criminal cases filed after the collapse of a plea deal that would have averted trial during the 2024 campaign season. Biden, a resident of Malibu, was […]
This article was originally published in Nebraska Examiner. LINCOLN — Bills to eliminate tenure protection for university professors in an effort to halt “indoctrination (of) leftist ideology,” and one to do away with Nebraska’s inheritance tax were among 37 proposals introduced during a snowy Monday at the State Capitol. State Sen. Loren Lippincott of Central […]
Hunter Biden, the last surviving son of President Joe Biden, will be arraigned Thursday in federal court on nine tax-related charges. Hunter Biden will make his appearance in Los Angeles before U.S. District Judge Mark C. Scarsi, who was appointed by former President Donald Trump. The arraignment comes just over a month after Hunter Biden […]