The answer depends on whether you’re looking to get high interest rates now or a safe investment with inflation protection over many years.
Category: Internal Revenue Service
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You Can Use Your Tax Refund to Buy I Bonds, but Should You?
The New York Times – Business: -
Biden’s I.R.S. Nominee Will Be Grilled About $80 Billion Overhaul
The New York Times – Business:Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.
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I.R.S. Decides Most Special State Payments Are Not Taxable
The New York Times – Business:The agency offered the guidance that it had asked millions of taxpayers in 21 states to wait for before filing their returns.
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I.R.S. Tells Millions Who Received State Rebates: Don’t File Just Yet
The New York Times – Business:Tax season is underway. But the Internal Revenue Service is still figuring out whether the millions of taxpayers who received rebates last year should count them as taxable income.
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Black Americans Are Much More Likely to Face Tax Audits, Study Finds
The New York Times – Business:A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s funding.
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As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The New York Times – Business:The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
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Your Tax Refunds May Be Smaller This Year
The New York Times – Business:Credits that were expanded as part of pandemic relief have expired, as has the deduction for donations for people who don’t itemize.
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I.R.S. Backlogs Continue as Republicans Mount Offensive
The New York Times – Business:The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
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For Freelancers, New Federal Help in Saving for Retirement
The New York Times – Business:The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.
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Trump Tax Returns Undermine His Image as a Successful Entrepreneur
The New York Times – Business:The release of former President Donald J. Trump’s private tax documents by the House Ways and Means Committee shows heavy losses from his own ventures as he continued to cash in on inherited assets.
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Trump Tax Returns Released by House Democrats
The New York Times – Business:The publication of former President Donald J. Trump’s private tax documents comes amid questions about why the I.R.S. failed to fully audit him during his presidency.