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Hunter Biden sues IRS over handling of his private records
President Joe Biden’s son, Hunter Biden, sued the IRS on Monday, alleging that the agency illegally released his private tax records.
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Sales tax-free week begins Sunday
While some are waiting to do their back-to-school shopping during tax-free week, others say the small savings aren’t worth it.
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Some Enfield residents are still frustrated with tax assessment office
Some Enfield taxpayers are still frustrated with the way their property is being assessed.
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IRS unveils ‘paperless processing initiative' for taxpayers. Here's what to expect
The IRS will offer digital correspondence for the 2024 season and aims to provide “paperless processing” for tax returns in 2025. Here’s what to know.
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Top 10 places in the U.S. to buy a vacation home based on the rate of ROI
To determine the ranking, Vacasa analyzed home sales, vacation rental performance data from the last 12 months and more.
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IRS halts most unannounced visits to taxpayers, citing safety concerns
The IRS has ended most unannounced visits to homes or businesses for unpaid taxes. Here’s what taxpayers need to know.
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Thousands of Norwalk residents sent inaccurate tax bills
If you’re a Norwalk resident and you thought your recent car tax bill looked a little higher than usual, there may be a reason for that and would allow you to get some of your money back. According to city spokesperson Michelle Woods, about 3,800 residents recently received car tax bills that had higher-than-average assessed values, creating inaccurately higher bills….
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Powerball jackpot hits $900 million. Here's the tax bill if you win
The Powerball jackpot has grown to $900 million. Here’s what the winner can expect to pay in taxes.
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IRS says it collected $38 million from more than 175 high-income tax delinquents
The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency. IRS leaders have laid out how they netted $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months....
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3 tax prep firms shared ‘extraordinarily sensitive' taxpayer data with Google and Meta, lawmakers say
H&R Block, TaxAct and TaxSlayer sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over the course of at least two years, a group of congressional Democrats reported on Wednesday.
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Tax records show Sen. Joe Manchin has been late on payments repeatedly in recent years
Sen. Joe Manchin, D-W.Va., has repeatedly been late to pay taxes on personal property items and real estate in recent years, records reviewed by NBC News showed.
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Taxes on beer to go down in Connecticut on July 1
Taxes on beer are going down in Connecticut on July 1. It comes just in time for anyone planning on buying beer for Fourth of July cookouts and celebrations. Gov. Ned Lamont said he has signed a law reducing the excise tax on beer by 16.7% as of Saturday, July 1. “Connecticut’s craft brewery industry has been booming in recent…
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Face the Facts: CT Mirror reporter talks about budget tax cut impact
CT Mirror Budget Reporter Keith Phaneuf explains the impact of the tax cut and taking us through the finer points of the budget.
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State Senate passes $51B budget with historic income tax cut
The Connecticut Senate passed a two-year, $51 billion state budget Tuesday, hours after the House overwhelmingly passed the same legislation which includes a historic cut to the state’s personal income tax.
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These lesser-known tax tips may help college-bound families
College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert.
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More Taxpayers Will Receive Tax Forms From Apps Like Venmo, PayPal for 2023. Here's How to Avoid Tax Issues
More taxpayers will receive Form 1099-K from apps such as Venmo and PayPal for 2023. Here’s how to prepare for next year’s taxes.
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IRS Moves Forward With Free E-Filing System in Pilot Program to Launch in 2024
The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all.
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Here's How Some TurboTax Users Can Claim Cash From $141M Settlement
Over four million people are eligible to claim cash from TurboTax’s $141 million settlement. Here’s how to see if you’re eligible to get money.
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Proposal to Lower Connecticut Income Tax Rates Advances
Connecticut state lawmakers on Wednesday night advanced a Democratic proposal to reduce state income tax rates, but for some legislators, the plan is not nearly enough. Republican legislators, the minority party in the General Assembly, and some Democrats voiced disappointment in the tax-cutting plan presented by leaders of the Finance Revenue and Bonding Committee, saying it falls too short. It…