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#IRS reminder: Residents of American Samoa who received unemployment benefits last year may exclude up to $10,200 per person of unemployment compensation from U.S. income tax for 2020. See:

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While Americans who were out of work last year will get a federal income tax break on their unemployment benefits, some will still be hit with state taxes on all the compensation they received last year

The bill increases the amount of premium tax credits through Pennie for eligible Pennsylvanians, regardless of income, for the 2021 and 2022 plan years.

The IRS targets people who are cheapest to audit: low-income taxpayers, many of them people of color. I spoke with @DorothyABrown  about why we need to mandate funding for the IRS to go after wealthy tax cheats, and how it could reduce implicit bias in our tax system.

But the 2017 tax reform act rates is not to blame, for lower taxes. While effective tax rates dropped in its aftermath, taxable income increased, as did cash taxes paid.

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Want to lower your tax bill? Family trusts aren't the exclusive preserve of the mega rich, but you do need to have a decent income with some money to invest, @meljenko  reports.

While the federal income tax deadline was extended to May 17, it's still the season for tax scams.​

Mayors representing hundreds of municipalities in metropolitan Chicago today launched a campaign to get lawmakers to stop dipping into the share of state income tax receipts meant for cities and villages.

Ask a Planner: “Where do we pay income tax if we retire abroad?” There are tax implications in both countries if Marianna moves to Mexico full-time, explains @JasonHeathCFP .

While Americans who were out of work last year will get a federal income tax break on their unemployment benefits, some will still be hit with state taxes on all the compensation they received last year


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Cost to consumers: Nike Air Max 270s: $150 Dish Network basic package: $64.99 FedEx "large" box delivery: $20.00 Zoom Pro monthly membership: $14.99 Federalincome taxes paid in 2020: Nike: $0 Dish Network: $0 FedEx: $0 Zoom: $0 Yes. We must end our rigged tax code.

President Trump paid $750 in federal income taxes in 2016, and nothing in 10 of the prior 15 years — largely because he reported losing much more money than he made. Read the takeaways from our exclusive look at decades of Trump’s tax records.

Last year, for the first time on record, the 400 wealthiest Americans paid a lower total tax rate than any other income group.

“I don’t see anyone walking into a voting booth on November 3 & voting to give up 20-30% of their income by voting for Joe Biden’s radicle tax plans. I don’t see anyone voting to get rig of US Oil & Gas and watch gas & heating prices skyrocket” Blue collar friend in MT yesterday

NYT reports that Trump reduced his taxable income by paying consulting fees to Ivanka Trump. She reportedly received $747,622 from a consulting co. she co-owned that exactly matched consulting fees claimed as tax deductions by Trump Org for projects in Vancouver & Hawaii.

Yes. Trump's not alone. Federalincome taxes paid by corporations a year after his tax plan was signed into law: $0: Amazon $0: GM $0: Netflix $0: Chevron $0: FedEx $0: Eli Lilly $0: Starbucks Dr. King was right. We have socialism for the rich, rugged capitalism for the rest.

Shock of shocks! Donald Trump, the self-proclaimed billionaire, received a $72.9 million tax refund from the IRS while not paying a nickel in federal income taxes in 10 out of 15 years. Yep. Trump l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else.

Amazon CenturyLink Chevron Deere Delta Air Lines Eli Lilly FedEx Gannett General Motors Goodyear Honeywell JetBlue MGM Resorts Netflix Prudential Financial Starbucks Whirlpool Total federal income tax paid by these companies last year: $0

“Face It, You Probably Got A Tax Cut!” This was a New York Times headline, and it is very true. If Republicans take back the House, and keep the Senate and Presidency, one of our first acts will be to approve a major middle income Tax Cut! Democrats only want to raise your taxes!

Bernie Sanders and wife should pay the Pre-Trump Taxes on their almost $600,000 in income. He is always complaining about these big TAX CUTS, except when it benefits him. They made a fortune off of Trump, but so did everyone else - and that’s a good thing, not a bad thing!