While some taxpayers are frustrated with the slow pace of tax refunds, largely driven by a new law, others have apparently decided that the rush for refunds isn’t worth their trouble. This year, tax season appears to be off to a slower start than normal.
Read MoreCategory: tax stats
Report: Americans Spend More Than 8.9 Billion Hours Each Year On Tax Compliance
Americans will spend more than 8.9 billion hours complying with IRS tax filing requirements in 2016. A new report breaks it down for you.
Read MoreAmericans Who Make More Than $100,000 Pay 80% Of Federal Income Taxes
According to recent Internal Revenue Service (IRS) data, Americans earning over $100,000 paid 79.5% of federal income taxes in 2014. Here’s what else you need to know.
Read MoreWhat Is The Most Tax-Friendly Country In The World?
The United States pays more in taxes than other developed countries. It’s more expensive to do business here than anywhere else. You’ve heard those kinds
Read MoreIllinois Facing Higher Taxes
Living in the Prairie State just got a whole lot more expensive. Facing a gaping hole in the budget, Illinois lawmakers have scrambled to find
Read MoreIn 2008’s Downturn, Some Managed To Eke Out Millions – NYTimes.com
Some super interesting reading from the New York Times… Of the wealthiest taxpayers — those with annual incomes of $10 million or more — seventeen
Read MoreSouthern States Have Highest Percentages Of Non-Paying Tax Filers
Remember this article (and this one) about the numbers of non-paying tax filers? Today, the Tax Foundation released a series of groupings of IRS data
Read MoreHomebuyer’s Credit Expires This Week
Tax Day may have come and gone but many taxpayers still have one more significant tax-related date in April: April 30. That’s the last day
Read More2008 Is A Record-Breaking Tax Year
But not necessarily in a good way. The Tax Foundation is reporting that two records were set in 2008: the highest numbers of non-payers and
Read MoreIRS Claims 2 Out Of 3 Taxpayers Now E-File
Of course, more folks are e-filing. It’s fast, it’s easy. And with more folks than ever with internet and computer access, it’s to be expected.
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