Tag: tax

Industry, Transportation & Infrastructure

Voters show support for transportation funding during midterm elections

November 11, 2022

Via: Transportation Today

Voters voiced their support for state and local ballot initiatives to fund transportation improvement projects when they went to the polls on Nov. 8., the American Road & Transportation Builders Association (ATBA) said. Of the 380 ballot initiatives in 18 […]

Industry, Workforce

Why Every Active Federal Employee Should Consider a Flexible Spending Account

October 26, 2022

Via: Government Executive

Record inflation is impacting all aspects of federal employees’ lives, including higher Federal Employees Health Benefits Program premiums. With an 8.7% average increase in enrollee share, the largest in the last 10 years, surefire ways to save money this Open […]

Industry, Policy, State & Local, Transportation & Infrastructure

Tax the rich for more EVs? California Democrats split

October 17, 2022

Via: Washington's Top News

A California ballot measure that would tax the rich to help put more electric cars on the road may seem tailor-made to win support from Democrats in a state known for climate leadership, but Proposition 30 has one notable opponent: […]

Education, Industry

States confirm plan to tax student loan handout funds

September 9, 2022

Via: Fox News

Student loan borrowers across the country could soon see up to $20,000 of their student loan debt forgiven in the massive handout announced by President Biden – but it still may come at a cost. State tax may be charged […]

Education, Industry

What Schools Should Know as IRS Increases Educator Expense Tax Deduction for 2022

September 7, 2022

Via: JD Supra

Earlier this year, teachers who buy school supplies out of their own pocket received a bit of much-needed good news from an unlikely source: the Internal Revenue Service. Yes, you read that correctly – the IRS. In March, the agency […]

Policy, State & Local

States tapping historic surpluses for tax cuts and rebates

August 31, 2022

Via: Washington's Top News

Stoked by the largest surplus in state history, Missouri’s Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson’s objection: He wanted […]

Federal, Policy

White House silent on whether tax increases are necessary to pay for $300,000,000,000 student loan handout

August 26, 2022

Via: Fox News

The White House is silent on how President Biden’s decision to cancel between $10,000 to $20,000 in student debt for some Americans will be paid over the long run and whether it will drive tax bills higher even for average […]

Industry, Workforce

IRS initiates safety probe after threats to workers

August 24, 2022

Via: Washington's Top News

Responding to an increasing number of threats born of conspiracy theories that agents were going to aggressively target middle income taxpayers, the Internal Revenue Service announced Tuesday that it was conducting a comprehensive review of safety at its facilities. The […]

Federal, Policy

House Dems bristle over rubber-stamping Senate deals — again

July 15, 2022


House Democrats might have to swallow whatever the Senate feeds them on two of the party’s biggest bills in order to pass either one. That doesn’t mean they’re all ready to accept the tough reality. Party leaders are racing to […]

Emerging Tech & Modernization, Tech

IRS launched tax credit website without authority to operate, watchdog reports

June 14, 2022

Via: FCW

The IRS rolled out a web portal to authenticate recipients of the expanded Child Tax Credit in mid-2021 without receiving an “authority to operate” approval from tech officials, according to a May report from the Treasury Inspector General for Tax […]

Industry, Workforce

Millions of Tax Returns Are Currently Delayed Due to IRS Staff Shortages

May 5, 2022

Via: Government Executive

The Internal Revenue Service is failing to process millions of tax refunds in a timely manner due to staffing shortages, as it continues to struggle to bring on desperately needed employees, according to the agency’s inspector general. As of mid-March, […]

Industry, Workforce

Taxpayers Should Expect Serious Delays from the IRS This Year – a Tax Scholar Offers Tips but Says only Congress Can Fix the Underlying Problem

February 24, 2022

Via: Government Executive

No one likes tax season. It’s complicated, it’s stressful, and it’s getting worse. Last year was already the “most challenging year taxpayers and tax professionals have ever experienced,” according to the Taxpayer Advocate Service, an independent part of the Internal […]

Industry, Workforce

IRS Is Deploying Mandatory Overtime and Reassignments to Address Its Backlog. Democrats Want More.

February 18, 2022

Via: Government Executive

The Internal Revenue Service should increase its use of overtime and internal employee reassignments to address backlogs of tax returns and correspondence, congressional Democrats demanded on Thursday. IRS has already implemented mandatory overtime for some workers and deployed “surge teams” […]

Industry, Workforce

The IRS Already Has All Your Income Tax Data – so Why Do Americans Still Have to File Their Taxes?

January 31, 2022

Via: Government Executive

Doing taxes in the U.S. is notoriously complicated and costly. And it gets even worse when there are delays and backlogs, making it especially hard to reach the Internal Revenue Service for assistance. But to me this raises an important […]

Federal, Policy

Elon Musk says he will pay over $11 billion in taxes this year, more than any American in history

December 20, 2021

Via: TechSpot

A ProPublica report back in June found that many billionaires such as Musk and Jeff Bezos pay little to no federal taxes using completely legal means. Musk reportedly avoided paying any federal income tax in 2018 while handing over just […]

Federal, Policy

Bipartisan Group of Lawmakers Seeks Assurances IRS Will Keep Phone Lines Open

December 2, 2021

Via: Government Executive

A bipartisan group of senators is seeking more assurances that the Internal Revenue Service will keep phone lines open while it resolves its vast backlog of cases. Sens. Robert Menendez, D-N.J.; Bill Cassidy, R-La.; Benjamin Cardin, D-M.D.; and Ron Wyden, […]

Federal, Policy

More Than Two-Thirds of Americans Support a Surge in Staff and Funding at IRS

September 3, 2021

Via: Nextgov

More than two-thirds of U.S. voters support bolstering the Internal Revenue Service’s staff to enable more enforcement of the nation’s tax laws, according to a new survey. The key priority of President Biden to ensure high-income earners pay their full […]

Energy & Environment, Industry

It’s time to rethink personal carbon allowances, research suggests

August 19, 2021

Via: ArsTechnica

In 2008, the United Kingdom’s government evaluated the idea of a personal carbon allowance (PCA) to help reduce emissions. In short, the effort would put caps on the amount of carbon each person could use as they heat their homes, […]

IT Policy, Tech

Why shouldn’t we tax crypto?

August 12, 2021

Via: Fortune

It is an absolutely amazing irony that the biggest policy fight right now among the industry behind blockchain — which allows anyone to independently verify transactions through its distributed ledger — is over the independent and decentralized verification of transactions. […]

Federal, Policy

Senate Dems unveil $3.5T budget for social, climate efforts

August 9, 2021

Via: Federal News Network

Senate Democrats unveiled a budget resolution Monday that maps $3.5 trillion in spending boosts and tax breaks aimed at strengthening social and environmental programs, setting up an autumn battle over President Joe Biden’s domestic policy ambitions. The measure lays the […]