Tag Archives: Income

Washington state has no income tax. It just passed one for millionaires that could be a model for other states

March 19, 2026 Washington state has no income tax. It just passed one for millionaires that could be a model for other states  BY Kristin Toussaint People who live and work in Washington state don’t currently pay any income tax. But in a few years, a small group of residents will be subject to one: Washington … Continue reading Washington state has no income tax. It just passed one for millionaires that could be a model for other states

To create a successful budget, you first have to make sure you fully understand your income

January 12, 2025 To create a successful budget, you first have to make sure you fully understand your income Struggling to make a budget that sticks? Make sure you understand the nuances of your primary source of income. BY Emily Guy Birken For most of us, income is the easiest-to-understand part of your budget. You know … Continue reading To create a successful budget, you first have to make sure you fully understand your income

Thailand is piloting a universal basic income. Here’s what to know

July 21, 2024 Thailand is piloting a universal basic income. Here’s what to know Launched by a controversial prime minister, the program will distribute digital money to low-income citizens. BY Shannon Cudd With technological advances eliminating jobs, and economies struggling to keep up with inflation, many leaders, such as former Democratic presidential hopeful Andrew Yang, have … Continue reading Thailand is piloting a universal basic income. Here’s what to know

U.S. families are spending 24% of their annual income on childcare

  By Pavithra Mohan January 18, 2024 The pandemic upended the childcare industry, forcing providers to shut their doors—in many cases permanently—and leaving parents with even fewer options than they had prior. By now, the $24 billion in federal aid that was secured for the childcare industry during the pandemic has dried up, leaving many … Continue reading U.S. families are spending 24% of their annual income on childcare

IRS tax brackets 2024 vs. 2023: Here’s the full list of new income thresholds

  By AJ Dellinger November 10, 2023 Inflation has increased the cost of everything from eggs to airfare in the past couple of years, and the Internal Revenue Service (IRS) is looking to lessen the burden on taxpayers. The agency announced Thursday that it will adjust the income thresholds for tax brackets for the 2024 … Continue reading IRS tax brackets 2024 vs. 2023: Here’s the full list of new income thresholds

IRS audits are on the rise: Your chances are now double if you’re in this income range

By Sam Becker       June 06, 2022   Uncle Sam is feeling invigorated! After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf under the Biden administration. As such, it’s stepping up enforcement, and has doubled audit rates for … Continue reading IRS audits are on the rise: Your chances are now double if you’re in this income range