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Tax and Politics
Politics may be divisive and polarizing, but it impacts every aspect of our lives—including our taxes. Read this section of our blog to find out when Washington is taking aim at tax policy. New tax laws, tax debates, and even state headlines can be found here. We’ll walk you through all the biggest headlines to help you understand how our elected officials may affect your taxes. Have questions about your taxes? Get them answered by using our free live chat feature, located to the bottom right of your screen – or by clicking here.
Category: Tax and Politics
Sep
28
Calculate the Value of Non-Cash Charitable Contributions
Many taxpayers give to charity – but most don’t simply sign on the dotted line of a personal check. Donations come in forms of clothes, cans, electronics, and more. So how do you value these items for proper deduction? If you’re making ...
Mar
07
Tax Changes for 2016
Always prepare for filing changes one year ahead. That means getting educated on what’s to come and keeping tabs on documents, so you know how your tax refund may be affected. Each year, lawmakers tweak the terms for filing your taxes, but aren’t...
Feb
26
Need A Fresh Start After Having Back Tax Debt?
Getting caught up in unpaid IRS back tax debt can have you asking yourself a bunch of questions. How can I pay off my IRS tax debt with a payment plan? Can I pay off my back tax debt for less than what’s owed? Am I in danger of having a back ta...
Jan
27
Can Your License Be Suspended for Tax Debt?
If you’re deep in tax debt, there will be consequences, and they won’t be pretty. But can your license be suspended for tax debt? Can Your License Be Suspended for Tax Debt? First, there’s the interest that piles up. That interest c...
Dec
30
IRS Budget Cuts On The Tax Horizon
As the US government heads into the new year, the part of Uncle Sam that gives you a tax refund, audits you or your business, or takes a piece of your pie in the form of a tax bill will have a smaller budget to do its job. The IRS’s budget it g...
Oct
22
Secrets to Lowering Your Tax Bill
Everybody wants to save some money. And one time when everyone either has to pay – or get paid by – the federal government is tax time. A tax bill can be a big inconvenience, but with these tax-saving tips, you can start lowering your tax bill an...
Aug
13
Tax Reform: A Hot Washington Topic
Tax reform is a topic that seemingly Washington, D.C. politicians like to talk about. It seems like they have an easier time talking about it if they claim it’s broken and that they have the solution to fix it. President Obama and Powerful D.C....
Aug
07
Senate Approves More Tax Court Judges
In a rare episode of cooperation and bipartisanship, the United States Senate approved two of President Obama’s nominees for the U.S. Tax Court in early August. So the tax court judges may be filling out. Approval Paves the Way for Hearing More...
Jun
25
Gay Marriage Could Wed Couples with Higher Taxes
Two of the highest-profile cases considered by the Supreme Court of the United States in 2013 are no doubt the ones focusing on gay marriage and same sex partners. Indeed, thousands of protestors converged in Washington, D.C. on the two days of oral ...
Oct
15
Do Tax Cuts for Wealthy Grow the Economy?
Another day, another tax study. The topic: Tax cuts for wealthy taxpayers. Tax rates are always a hot topic in Washington, D.C., with one side of the political spectrum consistently promoting the idea that tax cuts for the wealthy create economic gro...
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