Taxes

  • Warren Buffett

    Warren Buffett Is Worth $100 Billion and Still Pays Less in Taxes Than You

    Make no mistake: Taxation in the United States is an uneven playing field. And recent changes in tax law have tilted it even further toward wealthy taxpayers. Many billionaires famously pay less in taxes as a percentage of their income…

  • 2021 TAX TIME note is on the alarm clock. Tax and business concepts

    Special 2022 State Payments Not Subject to Federal Tax, IRS Says

    In good news for U.S. tax filers, the IRS has ruled that special state payments made in 2022 won’t be subject to federal income tax in most states and situations. Taxpayers in more than 20 states received some form of…

  • 2021 TAX TIME note is on the alarm clock. Tax and business concepts

    IRS Tells Taxpayers to Postpone Filing 2022 Returns

    As the U.S. heads into the thick of tax-filing season, the IRS is telling millions of taxpayers who live in states that issued state refund and rebate payments to hold off on filing their returns.  Taxpayers should wait to file…

  • null

    These 13 States Still Tax Groceries

    Food is expensive enough as it is, thanks to rampant inflation. However, for residents of several states, rising prices aren’t the only worry, because they’re still stuck paying some sort of state sales taxes on their groceries. These often-controversial taxes…

  • Rearview shot of a young woman looking at products in a pharmacy

    Everyday Essentials You Can Buy With an FSA

    If your employer offers a flexible spending account, you can save money by setting aside pretax dollars for health-related expenses such as copays, deductibles, and dental care. You elect how much to contribute ($100 to $2,850 for the 2022 tax…

  • Private stash of stacks of U.S. $100 dollar bills hidden under the floor boards, a sliver is revealed, flooring opened, shadowing

    Places Where the Rich Hide Money From the IRS

    Offshore tax havens used by individuals and corporations cost governments trillions of dollars annually. Economists estimate that individuals have stashed anywhere from $8.7 trillion to $36 trillion in tax shelters around the world. But not all of the tax reduction tactics…