Observer23h
Tax Time and the Art World: Here’s What Artists and Collectors Can Deduct
On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.
Pacific Daily News2d
OPA: Nonprofit organizations on Guam may have misused tax-exempt status over DRT lapses
Several, if not hundreds, of nonprofit organizations on Guam could potentially have engaged in unauthorized activities and misused their tax-exempt status over the Department of Revenue and ...
Canada4d
Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
Hoodline4d
Mayor Adams Champions Free Tax Services and Proposes Additional Tax Relief for NYC's Working Class
NYC's leadership promotes the "NYC Free Tax Prep" program to help residents save on tax filing fees and claim credits.
City & State New York8dOpinion
Opinion: It’s time to Axe the Tax for working-class NYC families
The state Legislature should support Mayor Eric Adams’ proposal to eliminate the personal income tax for low-income families ...
Hosted on MSN9d
Report: State tax breaks cost NY almost $3 billion
A new report showed New York State loses nearly $3 billion a year due to tax exemptions. The state Senate report found most ...
JD Supra13d
Most LLC Subsidiaries of Nonprofits Exempt From New York’s LLC Transparency Act, but Exemption is NOT Automatic
The New York LLC Transparency Act (NYLTA) is a new law requiring limited liability companies (LLCs) to annually disclose ...
MarketWatch14d
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep
The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...
Bloomberg L.P.14d
Rubio Approves Some Foreign Aid Exemptions to Trump’s Spending Halt
Rubio Approves Some Foreign Aid Exemptions to Trump’s Spending Halt Waivers provided for emergency food assistance, other expenses 90-day suspension triggered a global outcry from aid groups ...
CBS News15d
IRS has started accepting tax returns. Here's how when you'll get your refund.
The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...
The Financial Express16d
Budget 2025: Annual income up to Rs 10 lakh to be tax-exempt? Higher deductions, new 25% slab on taxpayers’ wishlist
One key suggestion is to raise the exemption limit to Rs 10 lakh, meaning individuals earning up to Rs 10 lakh annually would not have to pay any income tax. As the government works to increase ...
Landlords catering to NYC hipsters get tax break at expense of struggling minorities — despite court order: advocates
We are flabbergasted and disappointed that the city has not lowered the assessment ratio for homeowners in New York City to ensure uniformity despite the Court of Appeals decision that the city’s ...