There are several ways to get your income tax refund as quickly as possible. Follow these tips from TaxAct to get your tax refund faster than ever. Everyone looks forward to getting their tax refund. They can use it to pay off debt, put it into their savings, take a vacation, or buy something they’ve
Taxes
The European Union (EU) recently launched a consultation to reform the EU business tax system, which the European Commission considers is ill-equipped to face the challenges posed by globalization, climate change, digitalization, and population aging. This consultation could lead to proposals for taxes that raise general funds for the EU rather than individual member states.
Key Findings In calendar year 2019 (the latest economic data), state-local tax burdens averaged 10.3 percent of national income. Burdens rose slightly over the previous year because tax collections modestly exceeded income growth. Taxpayers remit taxes to their home state and to other states, and about 21 percent of state tax revenue comes from nonresidents.
On March 17, it was announced that the tax deadline to file individual federal income tax returns has been extended to May 17, 2021. This gives filers an extra 32 days to complete and file their tax returns without being subject to late filing penalties. The IRS has also issued a tax deadline extension to