Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 186 claims in Economy with evidence either way, 91% held up.
Showing 861-880 of 1595 claims
Filing returns on paper is always a bit dodgy
You can no longer use I.R.S.’s Direct File program to do your taxes for free with agency itself
Software and artificial intelligence may not be good at it
It is important to consider A.M.T. now not at tax time next year
Canceled student debt usually counts as taxable income
Owners of pass-through businesses will continue to benefit from tax break which allows them to deduct up to 20 percent of qualifying business income
Many states have their own tax incentives for vehicles and things related to your residence
Otherwise you risk paying wrong amount
It could cause you to pay more in taxes for tax year 2026 than you might have previous year all things being equal
It is back
You may need to track that information down yourself or use tool to properly calculate any gains or losses
While form will include your proceeds your cost basis or amount you originally paid for assets may not be on form
Make sure to double-check that you haven’t missed any texts email messages or other alerts telling you to log in to an account to download form
For tax year 2025 crypto exchanges and brokerages are required to send taxpayers new form called 1099-DA which will detail taxable transactions that they must report
I.R.S. had already required you to report any capital gains or losses tied to crypto or other digital assets on your federal tax return
If you reached end of federal income-driven repayment plan in 2025 and haven’t had loans officially forgiven yet you will still be eligible for break as long as you had enough qualifying payments in tax year 2025 that brought you past forgiveness threshold
Starting next year it should be easier to determine that amount because employers will specify eligible overtime on your W-2 form.
Check with your employer.
Eligible workers who receive overtime pay may deduct up to $12500 annually or $25000 for joint filers on their federal tax return.
People who own or work for a specified service trade or business are also ineligible.
Recently analyzed in Economy
Some price increases stemmed from tariffs other factors like housing and food costs played a larger role
June inflation highest since February Trump's tariffs increased prices
Prices are rising because of tariffs
Risk is that investors begin to doubt United States will pay back its debts and start demanding higher interest rates
The New York Times
Country is still on track to borrow an alarming amount of money in coming years
The New York Times