Cavan Images | Cavan | Getty ImagesPresident Joe Biden has floated plans to address the country's affordable housing issues, including new tax breaks for first-time homebuyers and "starter home" sellers. However, experts have mixed opinions on the proposals."I know the cost of housing is so important to you," Biden said...
Category: Wealth
Many women today are looking for ‘financial peace,’ expert says. Here’s how they can achieve it
Gorodenkoff | Istock | Getty ImagesMany women today are looking for "financial peace," said Jean Chatzky, founder and CEO of HerMoney.What that means: "It looks like being able to meet my obligations today, while being able to save for tomorrow," said Chatzky, speaking at CNBC's Women & Wealth event on...
IRS free tax filing program will open to all eligible filers in pilot states on March 12
Valentinrussanov | E+ | Getty ImagesThe IRS has unveiled final testing for Direct File, the agency's free tax filing program, with plans to fully open in 12 pilot states on March 12.Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with availability...
IRS targets wealthy ‘non-filers’ with new wave of compliance letters
IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023.Alex Wong | Getty ImagesThe IRS has unveiled plans to target "non-filers" with a new round of letters, starting with high-income taxpayers who haven't filed federal returns since 2017.Starting this week, the agency will send...
This IRS issue is ‘the biggest, most consistent problem’ for taxpayers, expert says
Getty ImagesIf you're expecting a tax refund this season, you can avoid delays by filing a complete and accurate return. But first, you'll need to gather your tax forms.You get tax forms such as W-2s and 1099s from employers and financial institutions each year. Those entities also send the IRS...