Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions of dollars in profits.
The sweeping tax bill passed in 2017 by a Republican Congress and signed into law by President Donald J. Trump reduced the corporate tax rate to 21 percent from 35 percent. But dozens of Fortune 500 companies were able to further shrink their tax bill — sometimes to zero — thanks to a range of legal deductions and exemptions that have become staples of the tax
Improving your financial situation doesn’t need to be complicated. These simple decisions have helped me save money and become more financially stable.
Most of us make our fair share of good and bad money decisions. Recently, I looked back on both my biggest money mistakes and successes. It’s a useful way to see what’s worked and what hasn’t.
Fortunately, some successful financial decisions stood out. Whether you’re trying to save more, figure out what to do with the money you’ve saved, or just get to a better overall financial position, here are several ways you can do it.
The IRS said on Friday that amounts paid for personal protective equipment (PPE), including masks, hand sanitizer, and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 can be treated as amounts paid for medical care under Sec. 213(d) (Announcement 2021-7). As a result, amounts paid by an individual taxpayer for COVID-19 PPE for use by the taxpayer, the taxpayer’s spouse, or the taxpayer’s dependents that are not compensated for by insurance or otherwise are deductible under Sec. 213(a) if the taxpayer’s total medical expenses exceed 7.5% of adjusted gross income.
The Mail article, and the various articles in The Sun, appeared in the first week of November, 2016. Days later, Prince Harry’s office issued an extraordinary statement declaring that Ms. Markle had been “subject to a wave of abuse and harassment” and that “nearly every friend, co-worker and loved one in her life” had been pursued, and in some cases offered money for interviews, by members of the British news media.
The couple have been at war with the tabloids ever since. In addition to Harry’s lawsuit, Meghan filed her own suit against the publisher of the Mail on Sunday,
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