Biweekly paychecks have increased by $50 per check. Taxes are down 24.9 percent on average following passage of the Tax Cuts and Jobs Act, according to a report released today by H&R Block based on their clients’ tax returns. The report states: “overall tax liability is down 24.9 percent on average.” Tax refunds are also […]
Congress Is About to Ban the Government from Offering Free Online Tax Filing. Thank TurboTax…
Just in time for Tax Day, the for-profit tax preparation industry is about to realize one of its long-sought goals. Congressional Democrats and Republicans are moving to permanently bar the IRS from creating a free electronic tax filing system. Last week, the House Ways and Means Committee, led by Rep. Richard Neal, D-Mass., passed the […]