Do you feel like you’re paying too much for your energy expenses at home now? You won’t know how bad it is until the Inflation Reduction Act’s three primary energy taxes begin taking a bite out of your bank account. Several tax increases were included in the Democratic Party’s Inflation Reduction Act enacted in 2022 and are due to go into effect on January 1, 2023.
Tag: taxes
Last Day In Power, House Democrats Release Six Years Of Trump’s Tax Returns While The GOP Threatens Retaliation
The Democrat-controlled House Ways & Means Committee has released the details of six years of former President Trump’s tax returns. The 46 records (comprising hundreds of pages) showed negative income claims by Mr. Trump and his wife, Melania Trump, in four of the six years from 2015 to 2020.
Dems Won’t Have Enough Time to Use Trump’s Tax Returns
On Tuesday, the Supreme Court resolved the lengthy debate about Congress’ access to former President Donald Trump’s tax returns. The court dismissed Trump’s last-ditch bid to prevent the House Ways and Means Committee from receiving copies of his tax returns from the IRS in an unsigned order.
The IRS Set To Increase Labor Forces To Catch Cheaters
The IRS claims its 87,000 new workers may help collect up to $1 trillion by compelling tax evaders to pay. Prepare yourself, ultra-wealthy Americans: President Joe Biden wants you to begin contributing….
How The Inflation Reduction Act May Affect Your Taxes
It is noteworthy that lawmakers claim that the IRA does not raise taxes on small businesses. But that doesn’t mean entrepreneurs aren’t affected by the law. A few key changes you should keep an eye out for are listed below.
