government budget

Dear Tax Guy: I just started renting my house out on Airbnb. What income-tax deductions can I claim on this property?

February 3, 2023

[ad_1] I just started renting my house out on Airbnb. I started a limited liability company to keep the expenses…

IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here’s what went wrong.

December 23, 2022

[ad_1] To avert taxpayer confusion in the upcoming tax season, the IRS is delaying a rule that would have required…

New electric car buying incentives kick in Jan. 1, and a lot has changed. Here’s an explainer.

December 20, 2022

[ad_1] Congress changed the rules governing electric car tax credits over the summer, but the changes didn’t immediately take effect.…

New tax rule affecting eBay, Venmo and Etsy could cause ‘significant confusion,’ accountants group says

December 17, 2022

[ad_1] As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a…

Dear Tax Guy: My mom spent $90K on bitcoin and gifts due to a romance scam. Will the tax code provide any damage control?

December 16, 2022

[ad_1] My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic…

Dear Tax Guy: ‘I’ve accumulated a lot of junk.’ I plan to make $6,000 selling stuff on eBay. Can I put it into an IRA instead of paying income tax?

December 2, 2022

[ad_1] I am retired with Social Security and a state pension. Over the last 30 years I’ve accumulated a lot…