Focus
taxes
‘Death Tax’: Inheritance Fees for Victorians Soar 650 Percent
The opposition has described this move as ‘death taxes by stealth’ while noting concerns with elder abuse.
5,800 IRS Employees and Contractors Owe Nearly $50 Million in Unpaid Taxes: Treasury IG
Thousands of workers assigned to collect levies from American taxpayers are themselves late in paying balances due on their own returns.
Tax Day Is Monday: What to Know About Deadlines, Extensions, and Refunds
The deadline is 11:59 p.m. on Monday, April 15.
IRS Official Cautions Against Filing by Mail Just Days Before April 15 Tax Deadline
An IRS spokesperson reiterated that people should avoid filing their taxes by mail.
IRS Says Average Tax Refund Is Up So far This Year; Here’s Why
The IRS revealed it is issuing larger tax returns than the previous year.
NSW Eyes Victorian Short-Term Rentals Levy to Tackle Housing Crisis
Three tax models have been proposed to ‘incentivise’ investors to convert their properties into long-term rentals.
Trump Tax Cuts to Expire: Here’s How Much You'll Pay
The tax cuts, passed under the Trump administration several years ago, will expire within two years.
IRS Targets ‘High-Income Taxpayers,’ Collects $520 Million
The IRS made the announcement on Friday.
What Taxpayers Should Know About Reporting Certain Payments to IRS in 2024
The IRS is planning to start implementing its new reporting requirement for those receiving 1099-K forms.
Taxes Are Rising Despite National Insurance: IFS
Taxpayers will pay more as they are dragged into higher tax bands by frozen thresholds. It comes as the IFS director predicts ‘a lack of clarity’ from parties.
Changes From IRS for Lower Taxes and Higher Paychecks in 2024
The IRS has raised income tax brackets and boosted tax benefits on retirement and health contributions.
Big News for Millions on Social Security | Facts Matter
The Social Security Administration just announced that a new cost-of-living adjustment will be made to Social Security payments.
