Will go higher as previous administration’s tax cuts expire. Americans are now paying the most in individual income taxes ever. According to a new budget analysis presented to…
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President Biden Submits the 2023 Fiscal Year Proposal
Budget reveals the president’s priorities and leadership goals. President Biden submitted his proposed budget for the 2023 fiscal year to Congress on Monday. The $5.8 trillion plan will…
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IRS to Raise Interest Rates in April
They set new rates every quarter per federal code. As of Friday, April 1, interest rates on amounts due to the Internal Revenue Service will increase for the…
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Treasury Secretary Extends Tax Deadline
Payments will not be due until July 15. Treasury Secretary Steven Mnuchin announced on Friday that U.S. Taxpayers would be offered a three-month extension to file their taxes…
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Senate Passes Coronavirus Funding Bill
President expected to sign it The Senate has passed the House’s bill intended to provide economic relief in response to the COVID-19 pandemic. H.R. 6201, the Families First…
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