Electric vehicles (EVs) are more popular than ever. In just a few years, they’ve gone from a relative rarity to something you may see daily on your commute. With more charging stations and a wider selection of models available, you may wonder if it’s time to join the trend andContinue Reading
Filers may want to have their returns prepared early in the filing season, so they can adjust their budget if their refund falls short of expectations. “Knowing where you stand lets you make appropriate decisions,” Ms. Pickering said. If you do owe money, don’t panic, she said. You can fileContinue Reading
The Inflation Reduction Act (IRA) was signed into law by President Joe Biden on August 16, 2022. The intent of which is to lower inflation by lowering the costs for health, raise funding for the IRS, and funding decarbonization efforts through energy and climate projects reducing carbon emissions by (-40%)Continue Reading
Avoid Capital Gains Taxes When Selling a House There’s a lot of pride associated with owning property, whether it’s a primary home or a vacation bungalow. It’s especially rewarding when real estate is properly compensated for. But while a high selling price may be exciting in the moment, it typicallyContinue Reading
  Author: Sebastian Chambers, Author of The A-Z of Inequality August 31, 2022 In the financial crisis the then UK chancellor, George Osborne, exclaimed that “we are all in this together.” It wasn’t true then and in the dozen years since, it has become abundantly clear that those who ownContinue Reading
Senate Majority Leader Chuck Schumer, D-N.Y., discusses the Inflation Reduction Act on Aug. 7, 2022 in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images Senate Democrats curtailed a tax break for certain pass-through businesses as part of the Inflation Reduction Act passed Sunday. A pass-through or flow-throughContinue Reading
(Bloomberg) — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read from Bloomberg The tax and energy bill passed Sunday after a year and half of rocky negotiations that divided theContinue Reading
Momo Productions | Digitalvision | Getty Images If the value of your home ballooned during the Covid pandemic, you may receive an inflated property tax assessment in the mail. There are ways, however, to combat a higher bill, experts say. Despite double-digit growth in single-family home prices, property taxes onlyContinue Reading
With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April. While home profits dipped slightly, the typical single-family seller still scored a $103,000 gross profit during the first quarter of 2022, according toContinue Reading
Opinions expressed by Entrepreneur contributors are their own. The average tax refund this year is more than $3,200. For a small business owner dancing on the entrepreneurial tight rope, juggling a pandemic, broken supply chains, and inflation, reinvesting that money into your business could be a much-needed lifeline Catherine McQueenContinue Reading