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Taxation and public revenue

Winning ticket for $366.7 million Powerball jackpot sold in Vermont. Here’s the tax bite for the winner

If you hold the winning ticket to the $366.7 million Powerball jackpot, don't forget your silent partner: Uncle Sam.After riding higher for about two...

There is growing interest in direct indexing as the investment trend becomes “democratized”

As demand for specialty portfolios grows, a trend known as direct indexing is quickly becoming an option for more investors. Rather than owning...

Backlog of tax returns ‘still crushes IRS’ – and taxpayers – as pile-up tops 21 million, agency watchdog reports

IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022.Kevin Dietsch | Getty Images News | Getty ImagesThe...

Obama bragged about opposing federal gas tax exemption ahead of 2008 election — Biden now wants one

US President Joe Biden alongside former President Barack Obama during an event on the Affordable Care Act, the former President's major legislative achievement, in...

Tax experts ‘very skeptical’ of expanding IRS voice robots for payment plans

Westend61 | Westend61 | Getty ImagesIf you receive a tax bill and want help from the IRS to set up a payment...

A key issue is that 1 in 4 expats are ‘seriously considering’ or ‘planning’ to give up US citizenship

Valentin Semenov / Eyeem | Eye | Getty ImagesWhile many filers dread tax season, Americans living abroad face even heavier annual charges...

Here’s how to fight a higher-than-expected property tax bill

Momo Productions | Digital Vision | Getty ImagesIf your home's value has skyrocketed during the Covid pandemic, you could receive an inflated...

Here’s when tax loss harvesting makes sense…and when it doesn’t

When the stock market dips, a strategy known as tax-loss harvesting can be a silver lining. But that doesn't make sense for every...

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