by usoftax_admin | Jun 5, 2024 | Tax News
New York Gov. Kathy Hochul on Wednesday shelved congestion pricing just weeks before officials were set to implement a fee for vehicles entering Manhattan’s busiest corridor, in a dramatic about-face following intense backlash and litigation from residents and... by usoftax_admin | Jun 5, 2024 | Tax News
A California woman’s contention that she should not be accountable for a deficiency in her 2021 tax filing due to what she said was an error by her accountant doesn’t stand up under scrutiny, the U.S. Tax Court said Wednesday. by usoftax_admin | Jun 5, 2024 | Tax News
Hawaii will adjust its individual income tax brackets and increase its standard deduction to account for inflation and will exempt certain medical services from the state’s general excise tax under bills signed by the governor. by usoftax_admin | Jun 5, 2024 | Tax News
Certain payments from Norfolk Southern Corp. to victims of its freight train derailment and toxic chemical spill in East Palestine, Ohio, are considered disaster relief payments and are therefore not taxable, the Internal Revenue Service said Wednesday. by usoftax_admin | Jun 5, 2024 | Tax News
A House Appropriations subcommittee approved legislation Wednesday that would reduce Internal Revenue Service funding for fiscal 2025 by over $2 billion and prohibit money from going to the agency’s free online tax-filing program without congressional...