Tax Preparation

There's a very simple thing most people get wrong about taxes

• <b>The US has a number of federal tax brackets based on income ranges.</b>• <b><br>But many Americans don't understand how they work.</b>• <b><br>We put together a handy guide to explain.</b><p>Republicans continue to make progress on the Tax Cuts and Jobs Act.<p>In the midst of the political maneuvering, we've calculated how President …

Retirement

Most Americans Expect a Tax Refund in 2018 - And That's Not a Good Thing

You might think that getting a tax refund is something to celebrate. But actually, those who get refunds tend to lose out.<p>If there's one thing pretty …

Personal Finance

Big firms including News Corp, Exxon and Chevron paid no tax in 2016, Tax Office says

Rupert Murdoch's News Corporation paid no tax whatsoever in 2015-16 on an Australian income of $2.9 billion. Its competitor Fairfax Media, owner of</i> …

Rupert Murdoch

Californians might retain a state and local income tax deduction — but with limits

Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch.<p>The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House and …

Politics

Jerry Brown’s Pension Epiphany

Reality bites as the state and local tax deduction may vanish.<p>Republican plans to slash the state-and-local tax deduction are already reaping benefits in high-tax states. Democrats in the Northeast say they’re having second thoughts about raising taxes. And lo and behold, California Gov. Jerry …

Jerry Brown

GOP's Tax Bill Could Nix Wildfire Tax Deduction

With wildfires destroying hundreds of homes as they rampage across Southern California this week, Democrats are again chastising Republicans for …

Santa Barbara County

The top tech players that paid zero Aussie tax in 2015-16

IBM A/NZ, ASG Group, Citrix Systems Asia Pacific and Atlassian Australia were among the top earning technology companies in Australia that paid zero …

Retirement

See the average income tax deduction in your hometown

Proposed tax changes targeting popular write-offs for home mortgages, student loan debt, and state and municipal taxes could hit hard in many …

Boston

House District Map: Partial SALT Repeal Kills Most Valuable Part of Deduction

The part of the federal income tax deduction for state and local taxes (SALT) that’s most valuable to taxpayers in 77 percent of House districts — …

Retirement

Retirement savings vulnerable to tax increases

The difficult position for taxpayers, and their financial advisors, is not having the benefit of hindsight.

Retirement

SBI to redesign window envelopes used to dispatch income tax refund orders to safeguard PAN, personal details

<b>New Delhi:</b> State Bank of India will "redesign" its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, …

Business (India)

Exchequer tax return better than expected for November

The latest Exchequer figures show the State's tax take is ahead of target.<p>Tax revenues for November closed the month 2.3%, or €186m, above expected …

News (Ireland)

Cut to historic tax credit could undermine city's renaissance

<i>Jeanne Golliher is president and CEO of Cincinnati Development Fund. Beth Robinson is president and CEO of Uptown Consortium, Inc.</i><p>Tax reform …

Cities

Here’s what you should do if you’re late getting your tax done

<i>Onlinetaxreturn.com.au’s tax specialists guarantee to get you the maximum refunds, in the shortest time with the least amount of hassle. With fees</i> …

ATO

Are you a victim of a data breach? Consider these steps

Stock image, St. George News<p><b>PHOENIX —</b> The number of data breaches was already on a record pace for 2017 before the reported theft of nearly 145 …

Identity Theft

Here's what the Senate's tax vote could mean for California

<i>Senate Majority Leader Mitch McConnell (R-KY) walks to a meeting in the U.S. Capitol July 25, 2017 in Washington, DC.; Credit: Win McNamee/Getty</i> …

Retirement

How Americans Plan to Spend Their Tax Refunds in 2018

How do you plan to use yours?<p>Sixty-two percent of Americans expect to receive a tax refund from either the IRS or their state, according to a recent …

Personal Finance

Income Tax Deduction on Table to Attract California GOP Votes

“It would make a lot of difference to me,” Rohrabacher says<p>House Ways and Means Chairman Kevin Brady confirmed Wednesday that at least a partial …

Politics

FACT CHECK: Would the Republican Tax Plan Make Employee Discounts Taxable Income?

CLAIM<p>Tax reform plans proposed by House and Senate Republicans in November 2017 would remove the deduction for employee discounts.<p>RATING<p>FALSE<p>ORIGIN<p>As …

Retirement

The Real Reason Democrats Hate Losing the State and Local Tax Deduction

Posted: Nov 29, 2017 12:01 AM<p>If you have ever wondered why leaders of liberal cities and states become giddy at any new spending opportunity – …

Conservative View

Cost Reduction Through Tax Credits

<i>By Jeff Stimpson</i><p>Businesses claim billions of dollars in tax credits annually under the federal Work Opportunity Tax Credit (WOTC) program. As a finance leader, you should partner with HR leaders in your organization to work on new ways to promote cost reduction through tax credits, especially …

Retirement

Trump Would Benefit from Last Minute Tax Bill Change

“Last-minute changes to the Senate tax bill could personally benefit President Trump, who has investment stakes in roughly 500 entities that could be …

Politics

NCTE Advocacy

A Congressional revision of the tax code is underway, and NCTE has analyzed the various proposals under discussion. We have deep concerns that facets …

Retirement

Beijing has 524 departure tax refund shops - Xinhua

BEIJING, Nov. 25 (Xinhua) -- The number of departure tax refund shops in Beijing has increased to 524 since the city introduced the tax refund policy …

News (China)

Treasury replaces tax return fines with points-type system

Reforms aimed at enabling HMRC to concentrate on serious avoidance<p>The £100 immediate fine for filing a late tax return will be replaced by a driving licence-style points system.<p>The change will come as part of a series of Treasury reforms which aim to concentrate on serious tax avoidance and not …

Keep tax refund plans out of your holiday budget

When you're making out your holiday shopping budget, don't confuse Santa with Uncle Sam.<p>Of those Americans who expect to receive a tax refund next …

Personal Finance

Deadline for taxpayers is this Friday - Sars

CAPE TOWN – You have until Friday 24 November to submit your tax returns.<p>This is according to the SA Revenue Service.<p>More than 5 million people have …

The SARS share option that offers a 100% tax deduction

With a R50.8 billion shortfall and <b>concerns</b> of a tax revolt, it is clear that South Africans are clearly becoming fed up with taxes.<p>For fatigued …

Finance

Divorcees warily eye GOP plan to cut alimony tax deduction

HARTFORD, Conn. (AP) — For over a decade, Charles Crenshaw has been paying his ex-wife tens of thousands of dollars annually in alimony. The now-retired engineer is hoping to renegotiate the agreement for lower payments, but he's waiting first to see what comes of a tax reform proposal in …

U.S. Politics

How to find out if you are missing out on any benefits you are entitled to

When times are tough, it's more important than ever to make sure you are receiving the money that you are entitled to.<p>After all, the last thing you'd …

Social Security