Tag: government bodies

From stimulus checks and bitcoin to mask write-offs — read this checklist before the tax filing deadline on May 17

If taxes are a certainty in life, so are the people who wait until the last minute to file. Well, that last minute is getting...

One culprit in the IRS backlog of 1.7 million tax returns? Broken printers and copiers, watchdog report says

Long-languishing 2019 tax returns and tardy tax refunds are being held up partly because of a shortage of working printers and copiers at Internal Revenue...

Facebook oversight board upholds ban on Trump’s account, but says company must clarify penalty

Facebook’s oversight board upheld the company’s decision to restrict former President Donald Trump’s access to to Facebook and Instagram on Wednesday, but said that the...

Facebook oversight board to decide whether to reinstate Trump account Wednesday

Facebook’s oversight board will issue a ruling Wednesday morning on the social media network’s decision to ban former President Donald Trump from Facebook and Instagram...

Joe Biden has been pitching free community college since the Obama administration — can he now make it a reality?

During his state of the union address in 2015, then-President Barack Obama pitched Congress and the American public on what he described as a “bold...

The government promised to forgive military members’ student loans after 10 years of service — it’s only worked for 124 of them

Almost 3 million people are employed by the Department of Defense, many of whom are performing a quintessential form of public service: Serving in the...

Germany’s federal election may be the Georgia Senate race of the autumn

When the U.S. Senate surprisingly fell into Democratic hands after the Georgia runoff race, the financial market impact was monumental. The move was most obviously...

Cannabis-banking bill approved by House; future in Senate uncertain

Marijuana-related businesses would have one industry obstacle — access to the U.S. banking system — made less burdensome under a bill that passed the House...

More than 3 million people have died of COVID-19 and more than 140 million have been infected

The global death toll from the coronavirus-borne illness COVID-19 climbed above 3 million on Saturday and the case tally rose above 140 million, a day...

April 15 is not tax day in 2021, but it’s still a crucial deadline for some taxpayers — are you among them?

But the words normal and typical don’t seem to apply to anything these days, and this year’s tax season is no exception. So the simple...

Expecting another refund after the IRS calculates the $10,200 unemployment tax break? You might want to do more than just wait

The Internal Revenue Service says it will automatically readjust tax returns and issue extra refunds for people who already filed their taxes before a valuable...

When can I deduct business meal and entertainment expenses under current tax rules?

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target. If you’re confused about what rules currently apply, I...

Most people couldn’t correctly answer this pandemic-related tax quiz. Can you do better?

The pandemic’s economic fallout is putting people’s tax knowledge to the test, and they’re not passing with flying colors. A new survey indicates that many...

Taxpayers won’t have to file extra paperwork to get this valuable unemployment tax break, IRS confirms

The Internal Revenue Service has an important message for people who already filed their 2020 taxes before a valuable tax break became law. Don’t do...

‘A life-changing achievement’ — what the $1.9 trillion COVID bill means for families with kids

America’s families with children are one step closer to a cash infusion that could potentially lift millions of kids out of poverty and be the...

PRO Act, called ‘most important labor legislation in several generations,’ passes House

The U.S. House of Representatives on Tuesday passed the PRO Act, which supporters called the most significant labor legislation in decades and opponents characterized as...

DeVos appointee who oversaw America’s student-loan portfolio resigns as Biden education secretary pledges to ease student-debt burden

Mark Brown, the head of the office overseeing the government’s student-loan portfolio, resigned Friday, following calls on the Biden administration to remove Brown, who was...

Senior House Democrat says using filibuster to stop minimum-wage hike is akin to using it to block civil rights

The third-ranking House Democrat, Rep. Jim Clyburn, tore into Republicans for opposing a minimum-wage boost, saying their threatened used of the filibuster in the Senate...

$1.9 trillion coronavirus aid package set to clear House late tonight

House Democrats hope to clear President Joe Biden’s $1.9 trillion economic package late Friday and send it on to the Senate, where it will face...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

IRS chief says agency is having ’15 minutes of fame’ — here’s how he’s hoping to make the most of it

“ I think we’re living in our 15 minutes of fame. And I think we’re living in, for us, a bipartisan environment. ” — Internal...

These midsize trucks get the best mileage

Pickup trucks generally aren’t famous for great fuel economy, but the efficiency of some midsize trucks in 2021 may surprise you. There are multiple diesel...

Trump’s second impeachment trial: How to watch it

Former President Donald Trump faces a second impeachment trial in the Senate this week, after the House last month voted to approve a charge of...

Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks, but I got the better of him

Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a...

Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition

Cannabis stocks were mostly higher Tuesday after three Democratic senators led by Majority Leader Chuck Schumer said they would make reform legislation a key priority...