Tax season just became a lot less stressful for a lot of gamers.
In-game currencies that can’t be turned into real-world money do not count as reportable virtual currency for tax purposes, the Internal Revenue Service clarified this week.
Families paying the steep costs of higher education may be looking for any break they can get. Enter the American opportunity tax credit. This tax credit, which is designated for taxpayers who pay qualified tuition and related expenses, can reduce taxable income and even create a tax refund.
Democratic presidential candidates Elizabeth Warren and Bernie Sanders have unveiled ambitious plans to fund universal health care and other programs by hiking taxes on the wealthiest Americans.