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Illinois Tax Changes Effective January 1, 2025 Illinois will increase its franchise (capital stock) tax exemption from $5,000 to $10,000, effective January 1, 2025. Notably, however, Illinois had once been on track to eliminate this tax altogether, a policy that has since been paused. Illinois will also broaden its sales tax base to include retail
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Images By Tang Ming Tung | Digitalvision | Getty Images Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime, experts say. “If
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Extending TCJA Economic Analysis: CBO & JCT Economic Models Skip to content Home • Blog • CBO and JCT Preview Economic Analysis of Extending TCJA The Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) recently published macroeconomic (dynamic) analyses of extending the individual provisions of the TaxA tax is a mandatory payment
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Janet Yellen, U.S. Treasury secretary, on a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024. Valerie Plesch/Bloomberg via Getty Images The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information
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In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024. George Frey | Afp | Getty Images The Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly forcing delivery drivers
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In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images As Michael MacGillivray saw artificial intelligence becoming more ubiquitous in everyday life, the
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U.S. President Joe Biden delivers remarks during the Tribal Nations Summit at the Department of the Interior in Washington, D.C., U.S., December 9, 2024.  Elizabeth Frantz | Reuters The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the U.S. Department of Education secretary to cancel
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After a strong start to the holiday season, consumer spending is on track to reach record levels this year. But many of those purchases will soon be returned. December’s peak shopping days are closely followed by the busiest month for sending items back, which experts dub “Returnuary.” This year, returns are expected to amount to 17%
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