taxes Some Countries Do Your Taxes For You. Here's Why the US Doesn't The IRS checks the info on your tax return against the information it already has on you. So why don't they just fill out your return?
taxes Why You Have a Slim Chance of Getting Audited This Tax Season Only 1 out of every 225 tax returns are inspected by an IRS agent, so your odds of getting audited are low, NBCLX Political Editor Noah Pransky says. He explains how the agency has been underfunded over the past several years and why audits are more likely for low-income taxpayers.
taxes In Many Countries, the Government Files Your Taxes. Why Not in the US? In Denmark, the UK, Spain and elsewhere, the government fills out your tax return for you, and you only have to sign off on the information in it. But in the U.S. we often rely on private companies to help us file our taxes; according to IRS data, the average American spends 13 hours and $240 to file their taxes....
taxes Will the IRS Audit You in 2022? 3 Major Factors to Know New IRS data shows poor Americans have been audited at higher rates than wealthy Americans in recent years.
TikTok We Brought in TikTok's Favorite Tax Pro to Answer Your Questions Duke Moore loves talking taxes on Tiktok (@dukelovestaxes). We brought him in to answer your questions about the approaching tax season — like whether you need to claim your cryptocurrency gains or write off those losses.
Elon Musk Tesla CEO Elon Musk is About to Pay a Lot of Taxes Elon Musk said he plans to sell 10% of his Tesla stock – likely because he’s about to face a multibillion-dollar tax bill, says CNBC wealth reporter Robert Frank.
income taxes Your 2020 Taxes: What to Know If You Filed for Unemployment Last Year There are only weeks to go before the 2021 tax filing deadline. And while income taxes are always confusing, you may have even more questions than usual this year — especially if you filed for unemployment during the pandemic. Patrick Hedger of the Taxpayers Protection Alliance joined LX News to explain what you need to know.
taxes This Is the Year to File Your Taxes Early This isn’t the year to procrastinate on your taxes. After two rounds of stimulus, you may find that you are entitled to some additional money through the Recovery Rebate Credit. Or, for some people who claimed unemployment, you may find that you owe taxes on that income. Either way, CNBC’s Sharon Epperson says filing early will help you budget for...
taxes Can You Deduct Work-From Home Expenses and More of Your Burning Tax Questions Answered Tax season is upon us, and we know that comes with a lot of questions. So we got Lisa Greene-Lewis, a tax expert with TurboTax, to play a game of “True and False” with LX Host Nik Z to tackle some of the big ones.
period poverty Period Poverty and the Fight to End the Pink Tax on Menstrual Products Period poverty. It’s when someone doesn’t have access to menstrual products — often because they simply can’t afford them. Scotland recently became the first country in the world to make period products free to every citizen who needs them. But here in the U.S., they are not even exempt from taxes placed on luxury goods in many states. NBCLX Storyteller...
