Bidens Paid 23.7% Effective Federal Tax Rate in 2023
President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.
President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in AGI last year.
A new Senate committee report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.
Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.
By taking the right steps, it's possible to avoid overpaying taxes and enjoy tax benefits.
Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.
Come August 2024, the Sooner state will cut back by providing a partial sales tax exemption for food for home consumption.
These recommendations will simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS as well.
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.