IRS
IRS Articles
A health savings account (HSA) allows you to save and invest money for future medical expenses while earning key tax benefits. But in order to make the most out of those tax breaks, you need to...
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It’s safe to say that life has been increasingly difficult for middle- and low-income Americans for the past few years. Inflation combined with rising costs of living, high interest rates, higher...
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During the 2020 financial year, the Internal Revenue Service issued almost 34 million penalties against individual and estate and trust income taxes, generating $14 billion in tax income. The most...
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This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Connecticut residents pay the most in state and local taxes in the United...
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About half of the $4.9 trillion in revenue the federal government collected in fiscal 2022 came from individual income taxes. Americans pay an average of more than $10,000 to the U.S. Treasury...
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As the sayings go, taxes are one of the few certainties in life, and the annual ritual of filling them with the IRS is not one that many people look forward to. The average American paid $10,845 in...
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