Taxes

IRS Plans To More Than Double Its Audit Rate of Wealthy Taxpayers

Published by FOX Business | May 3, 2023 IRS also plans to nearly triple audit rates on large corporations with assets over $250M The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to …

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Buyers of Newly Built Homes Can Face a Property Tax Surprise

Published by CNBC.com | April 9, 2024 First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of …

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Biden’s $400 Monthly Homebuyer Tax Credit: A Potential Hurdle to Homeownership

Published by REALTOR.com | March 8, 2024 The White House estimates it would help almost 3 million families. President Joe Biden might have thrown a lifeline to aspiring homebuyers in his State of the Union address on Thursday evening, but some experts fear that it could result in higher home prices. The president said he would like …

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See How Much Homeowners Pay for Property Taxes in the Cheapest and Most Expensive States

Published by REALTOR.com | February 20, 2024 Homebuyers looking to avoid high property taxes probably shouldn’t move to New Jersey. The Garden State continues to have the dubious honor of having the nation’s highest property taxes, according to a recent report from personal finance website WalletHub. New Jersey homeowners paid a median of $9,345 in 2022, according …

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Property Taxes By State: A Breakdown Of The States With The Highest And Lowest Property Taxes In 2023

Published by Forbes.com | September 1, 2023 Forbes lists all 50 states from highest to lowest property taxes, and you may be surprised by what you see. Property tax rates are generally determined on the county level, in contrast to personal income tax rates, which are usually determined on the state level (though counties and …

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L.A.’s ‘Mansion Tax’ A Complete Flop After One Month

Published by Breitbart News | May 9, 2023 Measure ULA, a tax on high-end properties passed by Los Angeles voters in 2022, has flopped after just one month in operation, bringing sales of luxury homes to a halt while raising little money for affordable housing. As Breitbart News previously reported: Measure ULA, if implemented, will require …

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