The Federal Trade Commission (FTC) is suing TurboTax's parent company, Intuit, for claiming its tax software was free. Customers pay $60 for federal returns and $40 for most state returns after the initial free 1040EZ or 1040A version. According to the court filing published by the FTC on March
Biden’s Tax On The Wealthiest To Reduce The Deficit By $360 Bilion
President Joe Biden has proposed a new tax bill that would impact the nation’s top 100th of 1% of households; to be clear, this is not the 1%, but 0.01%. This plan would reduce the deficit by $360 billion over the next ten years. This bill would increase the income tax on people worth more than $100
$10 Million Lost Cost Washington State-Funded Programs
As announced by U.S Attorney Nick Brown, Tae Young Kim, the final defendant in a scheme to avoid paying tobacco excise taxes to Washington State of $10 million-plus, has been sentenced to 22 months in prison in a United States District Court in Seattle. Kim is aged 45 years, and he hails from Las
Gov Inslee Delays Taxes On Long-Term Care Program Until 2023
On January 27, 2022, Gov. Inslee signed into law, House Bill 1732. Initially slated to take effect in April 2022, the WA Cares Fund Tax has been delayed until July 2023. This long-term care program ensures elders and retired residents have access to proper care. The cost will be 0.58% from
Fossil Fuels Getting More Tax Breaks Than Eco-Conscious Alternatives In Seattle
Seattle has proven its dedication to using renewable energy sources instead of the costly, climate changing, and less desirable fossil fuels. However, the recent announcements by the government administration is re-shifting the focus. Ironically, fossil fuels are getting more tax breaks than
If You Have Kids, The IRS Would Like To Have A Word With You
Since 1997, the federal child tax credit continues to assist millions of families with providing for their children. Originally developed as a way to provide economic relief, it enables the taxpayer to receive a maximum tax credit of $2,000 for each qualifying child. On average, the credit
Executive Order Set To Make USA.gov the Federal Front Door
The Biden administration made an executive order focused on improving the “Customer Experience” for Americans. Especially those currently benefitting from a wide range of government services. Retirees will now be able to claim their benefits with ease. You’ll now be able to log onto a government
Want to Cut Down on Sugar? Tax it
A (relatively) recent study by the University of Illinois Chicago found the sugar tax (implemented in several cities,Seattle included) in 2018 may permanently lower the demand for soft drinks. The study compared the amount of sugar sold in products containing the tax and the same product without