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GOP megabill looks set to end the $600 tax-reporting rule for Venmo, PayPal payments
The recent legislative proposal in the House removes the requirement for issuing 1099-K forms to individuals receiving over $600 annually through digital payment platforms, potenti...
Read Full Article →As Congress returns, here’s where the Senate could make changes to the GOP’s megabill
As lawmakers reconvene, the Senate’s potential modifications to the large legislative package could impact budget allocations and economic priorities, influencing the overall fisca...
Read Full Article →Workers are closer to getting tax breaks for overtime pay and tips. Do you qualify?
The proposed GOP tax legislation aims to reduce tax burdens on certain employee earnings, though individuals with higher compensation levels may not benefit from exemptions related...
Read Full Article →What’s in the GOP tax bill? An $815 tax cut for middle-class households — and $44,000 for millionair...
The proposed legislation would deliver substantially larger tax reductions to the wealthiest individuals while providing more modest relief to middle-income families, highlighting...
Read Full Article →Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.
Adjustments to the limit on deductions for state and local taxes could influence taxpayers' liabilities and impact government revenue, highlighting a key element in ongoing budget...
Read Full Article →Why the GOP tax bill is a ‘missed opportunity’ to help families as child-care costs hit all-time hig...
The recent tax legislation includes provisions aimed at assisting families, yet many experts believe it falls short of adequately addressing the rising expenses associated with chi...
Read Full Article →Trump’s $1.6 trillion spin: What the numbers really say about GOP tax bill
The estimated $1.6 trillion savings from the GOP tax legislation reflect selected budget reductions but overlook additional factors that could influence the overall financial impac...
Read Full Article →This popular healthcare savings strategy could get more lucrative under GOP tax bill
The proposed GOP tax legislation would raise the maximum amounts individuals can deposit into health-related savings accounts and allow these funds to be used for fitness expenses,...
Read Full Article →Trump’s big tax bill is in jeopardy. Here’s why some in GOP are getting cold feet.
Concerns about increasing the national deficit have caused hesitation among some Republican members, leading to the House Budget Committee's decision not to move forward with the p...
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