US Hikes Thresholds For Tax-Privileged Retirement Arrangements

The US Internal Revenue Service (IRS) has announced that the amount individuals can contribute to their 401(k) plans in 2022 has increased to USD20,500 (up from USD19,500 for 2021…
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Here’s when your tax return could spark interest from the IRS

Just because the IRS is auditing fewer tax returns, don’t assume you can dupe the taxman.
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GAO Finds Loose Oversight of Scholarship Tax Credits

The credits are the same type as those in a $5 billion federal proposal from Education Secretary Betsy DeVos.
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Ballooning U.S. budget deficit is killing the American dream

The government’s deficit problem is creating an income problem for Americans, economists warn.
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Is bitcoin the future of higher education funding? How this university is testing idea.

The University of Austin, a new school opening later this year, has launched what it said is the first long-term endowment held in bitcoin, a unique involvement of cryptocurrency in higher education financing.
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15 Self-Employment Tax Deductions

Working for yourself comes with the opportunity to claim a variety of tax write-offs.
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