Republicans and Democrats have committed to making this family-friendly government benefit a little more generous. Unless lawmakers act, it will get much smaller in 2026.
An accounting expert points out that income Americans previously thought was invisible to the IRS will now be tallied up and reported by Venmo and similar apps.
Tax season is fast approaching, but there are limited opportunities for Canadians to influence how their taxes are spent. Here’s how a new innovation could lead to a more democratic tax system.
Taxes are more than mandatory payments required by governments. Understanding the essential aspects of taxation can help prevent ethically and legally questionable taxes from being imposed.
As people file their taxes in a year where many are going through financial hardships brought on by COVID-19, a scholar argues that cheating on one’s taxes would still be morally wrong.
Many Americans are fretting over paying their taxes. A philosopher says the moral question isn’t as much about a duty toward the government, but being fair to fellow tax-paying citizens.
It’s tax season. That’s why Canadians must pay close attention to the possibility of going from the tax avoidance realm into tax evasion when preparing their tax returns or hiring an accountant to do so.
It’s never too early nor too late to start your saving program. Whether it’s an RRSP or TSFA – or preferably both – they are both important and easy ways to help you achieve your financial goals.