Washington State has just announced that they're ending the sale of gas-powered vehicles by 2030. The push to end the sale of gas-powered vehicles is a part of the state’s new clean air law. This law sets ambitious goals for meeting the reduction of carbon emissions by 2050. The policy sets
Female Small Business Owners Finding Success In Seattle: Entrepreneurs In The Emerald City
Since 1982, Seattle’s official nickname has been “The Emerald City.” The Seattle-King County Convention and Visitors Bureau coined the term to attract visitors. The nickname for the city came about in 1982, and they included it in the city’s emblem. The name came after a competition for the best
FTC Suing TurboTax (Intuit) For Claiming It’s “Free”
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
When Can You Expect Your Tax Refund?
A good number of people are eligible to receive a tax refund from the IRS. Yet, as a result of the COVID-19 pandemic, taxpayers have experienced delays in getting their tax refund. Due to backlogs of 2020/2021 tax refunds processing, the IRS will delay the processing of 2022 refunds. The pandemic
How Tax-Friendly Is Washington Compared To The Other 49 States
Tax rates for individuals vary across the nation. The Tax Foundation has a whole section dedicated to state taxes which provides a detailed look into the different tax rates and deductions available in each state. Each state has its regulations regarding taxation and each taxpaying citizen should be
$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
How are Taxes Determined for Crypto?
Back in 2014, when the IRS first set out guidance on cryptocurrency taxation, less than 900 individuals reported crypto. Between 2013 and 2015, the market bitcoin was relatively small and wasn't reported on their taxes. Now however, the IRS is much more confident that people have not been