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Taxes

What would it take for the NRA to lose its tax-exempt status?

by Janet Nguyen
Jun 9, 2022
The NRA is classified as a 501(c)(4), or a "social welfare organization."
As this year's NRA convention was underway in Houston, Texas, image of the number of mass shootings throughout 2022 was projected on the convention building.
Bob Levey/Getty Images for MoveOn
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Millions of college students are eligible for tax credits. But they have to file for them.

by Stephanie Hughes
Apr 14, 2022
Students may be entitled to additional money if they're not claimed as dependents.
Students at the University of California, Berkeley. College students may be entitled to tax benefits and pandemic relief payments.
Justin Sullivan/Getty Images
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"Patriotic Millionaires" in the U.K. call for higher taxes … on themselves

by Stephen Beard
Apr 5, 2022
The group of wealthy individuals say they would be happy to pay a lot more in taxes to ease the burden on the poor and the middle classes.
As the United Kingdom grapples with high inflation, a group of millionaires is volunteering to take a bump in taxes.
clubfoto/Getty Images
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Biden proposes minimum 20% tax on wealthiest American households

by Matt Levin
Mar 29, 2022
The plan would affect households that have more than $100 million in net worth.
President Joe Biden's budget proposal includes a billionaire minimum income tax to fund spending, but wealthy households are often good at avoiding taxes.
Nicholas Kamm/AFP via Getty Images
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Tax deadline fast approaching: Is the IRS ready?

by Marielle Segarra
Mar 25, 2022
It's still working through backlogs from previous couple of years.
Some people still haven’t gotten their 2020 tax refunds.
Stefani Reynolds/AFP via Getty Images
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Expect a messy tax season after last year's delays

by Kristin Schwab
Jan 17, 2022
Some 6 million returns from last year have yet to be processed. Delays could snowball for seasons to come.
File your taxes early, experts advise. Delays in moving last year's returns through the system could stall processing this year.
Drew Angerer via Getty Images
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IRS tells payment apps to report business transactions over $600

by Kristin Schwab
Jan 7, 2022
The threshold used to be much higher.
As the number of self-employed workers expands, the IRS is requiring online payment platforms like PayPal to report transactions greater than $600. The threshold used to be $20,000.
Eric Piermont/AFP via Getty Images
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Being single in the U.S. comes at a cost

by Reema Khrais and Andie Corban
Dec 22, 2021
Author Anne Helen Petersen compares being single in the United States to living in a hostile climate like the Arctic.
"Nearly 40% of the population is either single or a single parent, and the ways in which people are falling through these social safety nets” demonstrates the need for change, said author Anne Helen Petersen.
Leon Neal via Getty Images
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I've Always Wondered ...

How do states without a sales tax or income tax pay for government services?

by Janet Nguyen
Nov 11, 2021
Only two states — Alaska and New Hampshire — have foregone both of these taxes.
A landscape view of Alaska, which is one of only two states that has neither a sales tax nor an income tax.
mantaphoto/Getty Images
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What's the best way to get tax cheaters to pay up?

by Amanda Peacher
Oct 20, 2021
Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Democrats are scaling back their proposal to expand IRS crackdowns in an effort to target wealthier tax evaders.
Chip Somodevilla via Getty Images
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