Taxes

Sometimes, life throws you a curveball, and you’re suddenly staring at a tax form you’ve never seen before — like IRS Form 1099-LS. Let’s look at why a 1099-LS form appeared in your mailbox this tax year and what to do with it when filing your taxes. At a glance: Form 1099-LS reports the sale

Welcome to the wonderful world of tax refunds, where the dollars you receive after filing taxes can either bring a smile to your face or leave you scratching your head. Taxes play a significant role in your financial life, and your annual tax refund can have a big impact. But how does it all work?

So, you’ve received a Form 1099-DIV in the mail, and you’re wondering what to do with it. Don’t worry — this tax form is not as intimidating as it might seem. The Internal Revenue Service (IRS) sends taxpayers Form 1099-DIV for informational purposes. Like other 1099 forms, it’s a reminder that you’ve earned income other

Did you receive Form 1099-G this tax year? Here’s everything you need to know about this important tax form and how to use it when filing your income tax return with the Internal Revenue Service (IRS). At a glance: Form 1099-G most commonly reports unemployment compensation plus any state or local tax refunds you received.

Updated for tax year 2024. Your little bundle of joy may tap into your pocketbook throughout the year, but at tax time they can actually help you save money. And the more children you have, the bigger your tax savings. Uncle Sam offers many tax benefits for families, but understanding which ones you qualify for

Online Sports Betting Taxes by State, 2024 Skip to content Legal sports betting has grown rapidly since the Supreme Court granted states the ability to establish online sports betting markets in Murphy vs. NCAA in 2018. Pre-Murphy, consumers could only bet legally in a handful of states, but today, 38 states and the District of

Form 1099-A typically lands in your lap after a foreclosure or when your property securing a debt was repossessed or abandoned. In this guide, we’ll break down everything you need to know about a 1099-A tax form and how to use it during tax filing so you can approach tax season with a little less

Taxes on Wireless Services: Cell Phone Tax Rates by State Skip to content Home • Data • State Taxes • Excise Taxes and Fees on Wireless Services Increased 8.8 Percent in 2024 Table of Contents Key Findings A typical American household with four phones on a “family share” plan, paying $100 per month for taxable

Harris Capital Gains Tax Rate Would Be Highest Since 1978 Skip to content Home • Blog • Harris’s Proposed Capital Gains Tax Rate Would Be Highest for Many Since 1978 As part of the 2024 presidential campaign, Vice President Kamala Harris is proposing to taxA tax is a mandatory payment or charge collected by local,

Skip to content September 17, 2024By: Kyle Hulehan, Dan Carvajal What are the key challenges facing global taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy today? Bob Stack, an international tax expert,

Laffer Curve: Statutory vs. Effective Tax Rates in Europe Skip to content Table of Contents Key Findings The gap between statutory rates and average effective taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.

Oregon Measure 118 Is an Aggressive Sales Tax—and Worse Skip to content Home • Blog • Oregon Measure 118 Is an Aggressive Sales Tax—and Worse If there’s one thing that unites Oregonians, it’s opposition to sales taxes. Since ratifying a constitutional amendment prohibiting a sales taxA sales tax is levied on retail sales of goods

Kamala Harris Tax Plan 2024: Details & Analysis Skip to content Table of Contents Topline Preliminary Estimates 10-Year Revenue (Billions) +$1,697 Long-run GDP -2.0% Long-Run Wages -1.2% Long-Run FTE Jobs -786,000 Tax Foundation General Equilibrium Model, September 2024. With less than two months left in the 2024 presidential campaign, Vice President Kamala Harris has sketched

Skip to content Home • Education • Podcast • 2024 Election Insights | Trump on Taxes, Tariffs, & Harris’s Economic Plans September 11, 2024By: Erica York, Kyle Hulehan, Dan Carvajal While taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of

Lessons for the 2025 Tax Policy Debate | Congressional Testimony Skip to content Home • Testimony • Testimony: Lessons for the 2025 Tax Policy Debate Note: The following is the testimony of Daniel Bunn, President & CEO of TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals

Trump No Tax on Overtime Proposal | Tax Foundation Skip to content Home • Blog • Trump’s Proposed Overtime Tax Exemption Would Distort Work Decisions On Thursday evening, former President Donald Trump proposed a blanket exemption from income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals

Wyoming Property Tax Changes on the Ballot | Tax Foundation Skip to content Home • Blog • Wyoming Voters to Consider Property Tax Changes, but Sound Property Tax Relief Is Not on the Ballot Nationwide, property owners have experienced surges in valuations and are demanding taxA tax is a mandatory payment or charge collected by

2024 State Tax Ballot Measures: Details, Analysis, and Results Skip to content Table of Contents Taxes are on the ballot this November—not just in the sense that candidates at all levels are offering their visions for taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Supernormal Returns & Tax Policy Debates | Tax Foundation Skip to content Table of Contents Key Findings Businesses invest now to earn future returns. For an investment to be worthwhile, it must at least “break even,” providing a risk-free return that covers the cost of capital, time, and inflationInflation is when the general price of

Donald Trump Tax Plan 2024: Details & Analysis Skip to content September 10, 2024September 10, 20247 min readBy: Erica York Topline Preliminary Estimates 10-Year Revenue (Billions) +$1,325 Long-run GDP -0.2% Long-Run Wages +0.6% Long-Run FTE Jobs -387,000 Tax Foundation General Equilibrium Model, September 2024 Former President Donald Trump has not released a fully detailed taxA