If you’re expecting a refund this season, it’s critical to file a complete and accurate tax return to avoid “extensive processing” and delays, according to the IRS. One of the keys to error-free filing is including all your required tax forms, known as information returns, which employers and financial institutions …
Read More »NY confronts limits of soaking the rich as budget woes mount
Illustration: Sarah Grillo/Axios New York’s elected officials have embraced their inner Margaret Thatcher, in explicit acknowledgment of the limits of using other people’s money to stabilize budgetary red ink. Why it matters: Both the Big Apple and the Empire State are facing serious post-pandemic fiscal challenges. A COVID-era population exodus …
Read More »Holiday Bonus 2023: How to avoid paying taxes on your bonuses?
Several United States-based employees will enjoy their holiday bonuses this Christmas as companies tend to express their gratitude for their employees’ effort during the festive period. Some employers opt for a personalized gift, a monetary award, or even paid time off, while others may avoid bonuses for all employees to …
Read More »5 key personal finance issues this midterm election season — and what they mean for your wallet
As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of Americans …
Read More »4 Ways Taxes Could Burst Your Retirement Bubble (and What You Can Do About Them)
When people think about retirement planning, they tend to put their focus on saving and investing so they have a nice nest egg when they quit working. And that’s a great place to start. But it’s also important to pay attention to how taxes affect your retirement savings and any …
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