Income Tax
FTX Founder Sam Bankman-Fried Has Bail Revoked, Heads to Jail
A judge ordered Bankman-Fried’s bail revoked after prosecutors said he tried to harass a key witness in his fraud case last month.
Tax Pointers on Mortgage Points
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
IRS Getting Serious About Prosecuting ERC Fraud
The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS.
Some Republicans Crack Open Door to Child Tax Credit Deal
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
Treasury, IRS Issue Final Rules on Bonus Energy Tax Credits for Poorer Communities
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
California Considers Giving Tax Exemption to Military Pensions
Proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.
His? Hers? Whose Name is Usually First on Joint Income Tax Returns?
A recent study says the order of names on a joint income tax return can provide insights about the people filing.
Home Energy Audits Are a Key Part of Qualifying for New Tax Credit, IRS Says
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.