Governments Try to Strike Right Balance as They Look to Raise Revenue While also Keeping Tax Rates Competitive for Businesses The worldwide decline in top personal income tax rates over the past seven years generally appears to have come to an end, as this year’s average rate increased 0.3 percent globally, according to KPMG International’s [...]
Overwhelming response to National Board of Tax Practitioners’ Spanish- and English-language workshop schedule results in additional dates Tax preparers across the country are struggling to find information about new IRS tax preparer regulations. But thanks to a series of free workshops offered by the National Board of Tax Practitioners (NBTP), preparers can finally get the [...]
Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data. That’s true whether it comes to their federal income taxes or their total federal taxes. Income taxes: A family of four in the exact middle of the income spectrum will pay only 4.6 percent of its [...]
Although older taxpayers have been filing annual tax returns for years, most will find that new considerations arise when they turn age 65. To address these special circumstances, Jackson Hewitt Tax Service® shares important tips for seniors, as the nation enters the last few weeks of the tax filing season. “If you are 65 or [...]