Joe Biden Plans New Taxes on the Rich to Help Save Medicare
Biden wants to increase the Medicare tax rate from 3.8% to 5% on income exceeding $400,000 per year, including salaries and capital gains. (Source: Arkansas Business - Health Care)
Source: Arkansas Business - Health Care - March 8, 2023 Category: American Health Source Type: news

These bogus " tax hacks " can lead to serious trouble with the IRS
A so-called tax hack touted on social media could get you into big trouble with the IRS, as well as fail to deliver the juicy refund it purports to deliver. The agency is warning taxpayers not to fall for advice that urges them to use tax software to fill out W2s with fake income information, with…#w2 #amirtarighat #keithhall #dougodonnell (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news

‘I’m nervous about closing costs’: I'm 31, a first-time homebuyer in Austin. Should I buy a home now and refinance later? Or rent and wait for rates to fall?
I’m a 31-year-old woman living in Austin, Texas, who loves traveling and seeing the world but I want to begin my wealth-building journey after spending so much time abroad as an expat in my 20s. I have a decent income making over $80,000 before taxes, have great credit, have enough for a down…#austin #fha #marketwatch #aarthiswaminathan #bankratecom #corelogic #hawaii #florida #emilychenevert #guildmortgage (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news

State ’s highest court says city taxpayers shouldn’t have paid for Louis Kealoha’s legal defense
The Honolulu Police Commission was wrong when it decided taxpayers should foot the bill for disgraced ex-HPD Chief Louis Kealoha’s legal defense in one of Hawaii’s biggest corruption trials. That’s according to the state Supreme Court in a recent ruling. The commission’s decision to approve a…#louiskealohas #hawaii #supremecourt #kealoha #honolulu (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news

Haven't filed your taxes yet? Here are key things to know
The tax season clock is ticking down, with six weeks remaining before the April 18 federal deadline and millions of taxpayers who have yet to send in their annual returns to the IRS. The early returns filed so far with the IRS are providing some insight into what to expect this year, from…#childtaxcredit #keithhall #unclesam (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news

Joe Biden plans new taxes on the rich to help save Medicare
President Joe Biden has started to unveil parts of his budget proposal being released later this week (Source: ABC News: Health)
Source: ABC News: Health - March 7, 2023 Category: Consumer Health News Tags: Health Source Type: news

5 ways to file your taxes for free this season
IRS Free File offers free online guided tax preparation for your federal tax returns and some state filings if your adjusted gross income was $73,000 or less in 2022. The program is a partnership between the IRS and several private tax software companies, meaning you can browse providers or use…#irsfreefile #judybrown #schgroup #baltimore #vita #aarp #tce #miltax (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Exxon says it is re-evaluating its European strategy after windfall taxes
Exxon Mobil Corp. XOM-N is reviewing its role in Europe in view of new windfall profits taxes as it increasingly invests more in the U.S., Chief Executive Darren Woods said on Tuesday. Taxation discourage investments, he said. Governments have an important role in the energy transition by…#exxonmobilcorp #darrenwoods #woods #ceraweek #sp #houston #exxon (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Biden Proposes Taxing Higher Income Earners To Help Save Medicare
The White House unveiled a budget proposal Tuesday to extend funding for Medicare at least till the 2050s by raising taxes on high-income individuals and negotiating lower prices for prescription drugs.#medicare (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Biden wants to make sure Medicare lasts the next 25 years by raising taxes on people making over $400,000 and pushing on big pharma to lower drug prices
President Joe Biden speaks at the White House on January 12, 2023. AP Photo/Andrew Harnik President Joe Biden is gearing up to release his budget, and is already giving one details on one proposal. His budget would slightly raise taxes on those earning over $400,000 to help fund Medicare. His…#apphotoandrewharnik #medicare #included #democrats #medicaretrustfund #socialsecurity #hospitalinsurance #republicans #kevinmccarthy (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Biden Proposes Taxing Higher Income Earners To Help Save Medicare
The budget proposal seeks higher taxes from individuals earning more than $400,000 and an expanded ability to negotiate lower prices for prescription drugs. (Source: Forbes.com Healthcare News)
Source: Forbes.com Healthcare News - March 7, 2023 Category: Pharmaceuticals Authors: Siladitya Ray, Forbes Staff Tags: Business /business Innovation /innovation Healthcare /healthcare Breaking breaking-news Source Type: news

Biden to back tax hikes and steps to shore up Medicare as he rolls out budget proposal this week
As he rolls out his proposed budget on Thursday in Pennsylvania, President Joe Biden looks set to call for increasing certain taxes and taking steps to bolster Medicare, along with other measures. Many of his proposals aren’t expected to find much traction in the Republican-run House of…#pennsylvania #medicare #virginiabeach #democrats #gregvalliere #agfinvestments #republicans #socialsecurity #regardingmedicare #bharatramamurti (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Inflation boosted the 2023 federal income tax brackets. Here's how your taxes may compare to 2022
After a year of soaring prices, the IRS made annual inflation adjustments for dozens of tax provisions, including the federal income tax brackets for 2023, which may affect next year's taxes, experts say. While the rates didn't change, the brackets show the federal income taxes you'll owe on each…#itemized #marksteber #jacksonhewitt #personalfinance #kylepomerleau (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
Stripe’s latest fundraising round is reportedly being driven by a $3.5 billion tax bill. The firm aims to cover this personal tax liability that will soon be faced by some of its longtime employees, whose shares will expire unless they are allowed to sell them, but who will then be taxed on those…#stripe (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news

I'm in My 60s. Is It Too Late to Convert My IRA to a Roth?
Retirement savers who convert pre-tax retirement accounts such as IRAs to after-tax Roth IRAs after reaching age 60 can keep growing funds tax-free and then make withdrawals in retirement without paying taxes. They avoid early withdrawal penalties and also don’t have to take required minimum…#sep #magi #rothira #socialsecurity (Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news