Some voters blame the American Rescue Plan for fueling price increases. But the growth it unleashed may be helping the president stay more popular than counterparts in Europe.
Category: Tax Credits, Deductions and Exemptions
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First a Victim of Tax Return Identity Theft, Then a 2-Year Wait for a Refund
The I.R.S.’s Taxpayer Advocate Service found that many of those affected were lower-income people who depended on refunds to cover living costs. The wait is “ridiculous,” the head of the service said.
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Does It Pencil?
A real estate term used by developers when they’re assessing whether a project makes financial sense.
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U.S. Adds Tariffs to Shield Struggling Solar Industry
American solar manufacturers are pushing for further protections for their new factories against cheaply priced imports from China.
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I.R.S. Failed to Police Puerto Rico Tax Break, Whistle-Blower Says
An insider accused the agency of failing to scrutinize a lucrative tax break in Puerto Rico designed to lure wealthy Americans to the island.
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Interest on Federal Student Loans Is Rising to 6.53%
The rate for undergraduate loans is up from 5.5 percent this past school year and higher than it has been in more than a decade.
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Renting or Buying Is Often Personal, but It’s Also Helpful to Look at the Numbers
The Upshot’s financial calculator has been updated with new features.
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FSA vs. HSA: What to Know About the Accounts to Pay Medical Costs
Flexible spending accounts and health savings accounts both have tax benefits, but both may also have drawbacks, two reports found.
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Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows
A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.
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Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.