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ETAAC delivers 2021 Annual Report with recommendations to Congress and IRS
The Electronic Tax Administration Advisory Committee (ETAAC) today released its annual report to Congress, featuring 10 recommendations with a focus on the prevention of identity theft and refund fraud. The report groups the recommendations ...
Biden’s capital gains tax plan would push US rate to one of highest in developed world
Biden has proposed raising the capital gains tax rate to 39.6% from 20% for millionaires; coupled with an existing Medicare surcharge, federal tax rates could climb as high as 43.4% – pushing the levy ...
Americans are leaving unemployment rolls more quickly in states cutting off benefits
Federal pandemic aid bills boosted unemployment payments by $300 a person each week and extended those payments for as long as 18 months, well longer than the typical 26 weeks or less. The benefits ...
Rising cost of steel, lumber and copper is hampering homebuilding — and pushing house prices out of reach
Homebuilding rebounded less than expected in May as very expensive lumber and shortages of other materials continued to constrain builders' ability to take advantage of an acute shortage of houses on the market.
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