Taxes

So, you just received Form 1099-MISC for the tax year, and you’re wondering what on earth miscellaneous income is. We get it — let’s break down what this form means, why you received it, the filing requirements, and how to report it on your federal income tax return. At a glance: Form 1099-MISC reports miscellaneous
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Sports Stadium Subsidies: Taxpayers Shoulder a Heavy Burden Skip to content Home • Blog • Taxpayers Shoulder a Heavy Burden for Sports Stadium Subsidies State and local governments spend significant sums for the construction, operation, and continued maintenance of sports stadiums and arenas. According to recent estimates by sports economists, “between 1970 and 2020 state
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Updated for tax year 2024. Do you dread income tax time every year? We get it. But there are some things that can make the tax filing process a little easier to swallow — tax refunds, credits, and deductions. Tax savings opportunities From advantages for solo tax filers to charitable donations, the tax code offers
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Did you receive Form 1099-G this tax year? Here’s everything you need to know about this important tax form and how to use it when filing your income tax return with the Internal Revenue Service (IRS). At a glance: Form 1099-G most commonly reports unemployment compensation plus any state or local tax refunds you received.
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Updated for tax year 2024. Your little bundle of joy may tap into your pocketbook throughout the year, but at tax time they can actually help you save money. And the more children you have, the bigger your tax savings. Uncle Sam offers many tax benefits for families, but understanding which ones you qualify for
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Extended Producer Responsibility (EPR) Policies | Tax Foundation Skip to content Table of Contents Key Findings Growing levels of waste and pollution, paired with increasing burdens on taxpayers to address environmental problems, have spurned policymakers in the US and abroad to encourage producers to be responsible, either financially or operationally, for the end-life of their
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The Internal Revenue Service (IRS) uses 1099 forms, also called information returns, to report various types of income. If you received a 1099-CAP form as a taxpayer this tax year, it might look particularly confusing, but don’t worry — we’re here to break it down for you. This article will give you all the details
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Oregon Measure 118 Penalizes Oregon Small Businesses Skip to content Home • Blog • Oregon Measure 118 Penalizes Oregon Small Businesses Despite being advertised as a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and
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Sometimes, life throws you a curveball, and you’re suddenly staring at a tax form you’ve never seen before — like IRS Form 1099-LS. Let’s look at why a 1099-LS form appeared in your mailbox this tax year and what to do with it when filing your taxes. At a glance: Form 1099-LS reports the sale
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