#tax-deductions — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #tax-deductions, aggregated by home.social.
-
Gizmodo: As Gambling Apps Grow, Bettors are Slated to Owe More in Taxes This Year. “The change, which was part of the Republican-authored and Donald Trump-supported One Big Beautiful Bill signed into law this summer, will impose a tax cap that limits gambling loss deductions to 90% of winnings, down from 100% in previous years. That will go into effect for 2026 income. So while it won’t […]
https://rbfirehose.com/2025/12/25/gizmodo-as-gambling-apps-grow-bettors-are-slated-to-owe-more-in-taxes-this-year/ -
12 of the most #bizarre #taxdeductions that are actually legal
https://www.simplemost.com/unusual-tax-deductions-you-can-file-for/
-
That spending would be more than offset by dramatically increasing taxes on the wealthiest individuals & corporations, the WH said. #Biden’s #budget would increase the minimum tax on billion-dollar corporations to 21% from 15%. It would raise taxes on US multinationals’ foreign income to 21% from 10.5%, & eliminate some #TaxDeductions for executive compensation.
#EconomicPolicy #economy #law #POTUS #healthcare #ChildCare #housing #NationalDebt #SocialPrograms
-
#IRS Raises Income #TaxDeductions to Account for #Inflation;
Standard #deductions for 2024 will be 5.4% bigger, as will the thresholds for each #incometax brackethttps://themessenger.com/business/irs-raises-income-tax-brackets-5-4-percent-inflation-adjustment
-
ATO ends special COVID working-from-home tax deduction