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Tag: Personal taxes

Business

IRS boosts mileage rate deductions as gas prices soar to $ 5 a gallon

June 14, 2022 - by adminaws - Leave a Comment

Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images …

IRS boosts mileage rate deductions as gas prices soar to $ 5 a gallon Read More
Local News

Retirement tax breaks leaving middle-class savers behind, report finds

June 6, 2022 - by adminaws - Leave a Comment

Fstop123 | E + | Getty Images Tax breaks designed to boost retirement savings may primarily benefit higher earners, leaving middle-class workers behind, according to a report from the National …

Retirement tax breaks leaving middle-class savers behind, report finds Read More
Business

Inflation divide: The wealthy splurge, the poorest pull back

June 5, 2022 - by adminaws - Leave a Comment

NEW YORK (AP) – Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors – the expiration of federal …

Inflation divide: The wealthy splurge, the poorest pull back Read More
Local News

House Democrats push for repeal of rule blocking SALT cap workaround

June 3, 2022 - by adminaws - Leave a Comment

Rep. Tom Suozzi, DN.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the US Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | …

House Democrats push for repeal of rule blocking SALT cap workaround Read More
Business

Your Social Security check might be taxed. How that could change

May 29, 2022 - by adminaws - Leave a Comment

Fertnig | E + | Getty Images Death and taxes are two certainties in life, as the saying goes. But many people may not realize their Social Security benefits they …

Your Social Security check might be taxed. How that could change Read More
Business

Capital gains may have triggered more individual taxes for 2021

May 25, 2022 - by adminaws - Leave a Comment

The US Department of the Treasury building Julia Schmalz | Bloomberg | Getty Images Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses …

Capital gains may have triggered more individual taxes for 2021 Read More
Local News

California governor: $ 98B surplus backs true pro-life state

May 14, 2022 - by adminaws - Leave a Comment

SACRAMENTO, Calif. (AP) – California Gov. Gavin Newsom on Friday pledged to use the state’s record-breaking $ 300 billion budget, including an unprecedented nearly $ 100 billion surplus, to “future …

California governor: $ 98B surplus backs true pro-life state Read More
Business

Here’s why a Roth IRA conversion may pay off in a down market

May 10, 2022 - by adminaws - Leave a Comment

Morsa Images | E + | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright …

Here’s why a Roth IRA conversion may pay off in a down market Read More
Local News

Supplemental Security Income bill first step in broader reform: Ohio senator

May 3, 2022 - by adminaws - Leave a Comment

Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the …

Supplemental Security Income bill first step in broader reform: Ohio senator Read More
Business

Social Security retirement age reaches 67. Some say it may go higher

April 3, 2022 - by adminaws - Leave a Comment

Many Americans eagerly look forward to a time when they can stop working and officially set their status to “retired.” But when asked what age they anticipate that could be, …

Social Security retirement age reaches 67. Some say it may go higher Read More

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