I was lured into the meme stock madness. What do I need to know?The federal government is coming for its share of your winnings. If you were trading in a […]
Tax Credits, Deductions and Exemptions
Trending topics and news from the Tax Credits, Deductions and Exemptions category
Back to news homeTax Breaks Are Driving a Rush to Buy Property in Puerto Rico
Many Puerto Ricans say they can no longer afford to remain in their homes with outside investors buying up properties and driving up prices.Jan. 31, 2022RINCÓN, P.R. — The last […]
The Peanut Butter Secret: A Lavish Tax Dodge for the Ultrawealthy
This is the story of the incredible cloning tax break.In 2004, David Baszucki, fresh off a stint as a radio host in Santa Cruz, Calif., started a tiny video-game company. […]
Cities Try to Lure Factories as U.S. Pushes to Fix Chip Shortage
TAYLOR, Texas — The shortage of computer chips has zapped energy from the global economy, punishing industries as varied as automakers and medical device manufacturers and contributing to fears about […]
Proposed Tax Changes Focus on the Wealthy
So how do you define who’s wealthy?The latest proposed tax changes from the House Ways and Means Committee essentially say a wealthy individual is someone who earns $400,000 a year […]
What Will It Take for Electric Vehicles to Create Jobs, Not Cut Them?
When President Biden announced his multitrillion-dollar jobs plan in March, it included nearly $175 billion in spending to encourage Americans to buy electric vehicles.The money would help ensure “that these […]
How Accounting Giants Craft Favorable Tax Rules From Inside Government
This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling off” period that restricts government officials […]