New York cracks down on illegal marijuana stores
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Spencer Platt …
Taxes
Travelers must pay to visit during the day
Many travelers are accustomed to nightly tourism taxes tacked on to their hotel bills. But daytime taxes are a new ask. Venice’s city council on Tuesday approved a long-awaited regulation …
Meet this Sept. 15 deadline to ‘avoid a surprise at tax time’
Artistgndphotography | E+ | Getty Images Sept. 15 is fast approaching — and if you’re not withholding taxes from your income, it’s time to send a payment to the IRS. …
Treasury proposes crypto tax reporting rule. What it means for investors
As the U.S. Department of the Treasury and IRS roll out proposed regulations for crypto tax reporting, experts say it’s critical for investors to accurately report and track activity. Stemming …
Key tax policy issues to watch for at the first Republican debate
Scott Olson | Getty Images Eight candidates will take the stage for the first Republican presidential debate Wednesday night — and experts are watching closely for comments on key tax …
IRS paperless system will cut deficit by $2.6 trillion over 10 years
U.S. Secretary of the Treasury Janet Yellen arrives to deliver remarks at Johns Hopkins University’s School of Advanced International Studies (SAIS) on April 20, 2023 in Washington, DC. Anna Moneymaker …
Mega Millions jackpot hits $1.05 billion. Here’s the possible tax bill
The Mega Millions jackpot soared to $1.05 billion on July 31, 2023. Shannon Stapleton | Reuters The Mega Millions jackpot has soared to more than $1 billion for the fifth …
House lawmakers scrutinize pandemic-era employee retention tax credit
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, …
What higher earners need to know about 401(k) catch-up contributions
Peter Cade | Getty Images Higher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year. If you’re 50 or older, …