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Rental income is taxed as ordinary income according to your IRS tax bracket. Here's a look at the 2022 tax brackets for single filers, married couples filing jointly, and heads of households:
As an example, if you have $10,000 in rental income and you're in the 22% tax bracket, you will owe $2,200 in taxes on that rental income.
Bloomberg - Are you a robot?
Take steps to save on 2021 income taxes before the year runs out | News, Sports, Jobs -
As 2021 winds down, it’s a good time to assess whether there are opportunities to trim this year’s tax bill. Waiting until you begin to work on your tax return in early 2022 will be too late to save in most cases.
Wondering if you should itemize your deductions? For 2021, the standard deduction for a single person is $12,550, and for a married couple filing a joint return is $25,100.
Dispute between Wyden, son on taxes becomes public | KOIN.com
Ron Wyden, 72, is a leading proponent of raising taxes on the rich, and he's been pushing to add to the social spending package his proposal to tax billionaires' unrealized capital gains annually.
"The issue is bigger than my father. I'm not interested in discussing anything personal," Adam Wyden told the Times. He described himself to the Times as a libertarian.
Minnesotans Continue to Pay More Than Predicted in Taxes
St. Paul, MN (KROC-AM News) - Just days after releasing a new state revenue forecast that projects a record-setting state budget surplus of more than $7.7 billion dollars, the state is reporting tax collections last month exceeded the brand-new forecast
.
Individual income tax payments were $36 million above the forecast, while sales tax revenues exceeded the projection by about $28 million. Corporate tax collections totaled $65 billion, which beat expectations by $15 million.
City of Youngstown owes taxes on more than 150 parcels | News, Sports, Jobs - The Vindicator
YOUNGSTOWN — The city of Youngstown owns more parcels on the delinquent tax list in Mahoning County than any other property owner.
The city is delinquent on paying property taxes on more than 150 parcels it owns, primarily through its land bank.
Unity holds taxes steady, eyes $1.2M federal funding boost for 2022 | TribLIVE.com
Unity Supervisors this week adopted a final 2022 township budget of $9.1 million that holds the line on taxes and includes a second year of supplementary federal funding through the American Rescue Plan.
Supervisor Mike O’Barto cited ongoing property development for allowing the township to keep its real estate tax level at 2.2 mills.
Council learns of unpaid bills, taxes
During a regular meeting Thursday, Council Member Paul Choate said he had been informed that the city owed nearly $30,000 in delinquent real estate taxes, plus a 10% penalty, for 2020 property assessments.
Choate said he received the information Wednesday, calling the situation "embarrassing and disconcerting." He did not say how the matter was brought to his attention.
Retirement: 2 steps you can take right now to lower your taxes later
For most people, paying taxes isn't necessarily a fun thing to do. But fulfilling your obligations to the government can become a bigger burden if you're a senior on a fixed income and you end up with a large tax bill that leaves you struggling.
CGTN: In America, paying taxes is optional if you're a billionaire
BEIJING , Dec.
Happening on Twitter
The story is the same all across Canada - rental and house prices are too high and rising under the Trudeau Liberal… https://t.co/ppVbayA4FO erinotoole (from Bowmanville, ON) Tue Dec 07 00:19:43 +0000 2021
Our eviction diversion program has proven that bold, smart policies can stop evictions and keep families in their h… https://t.co/4UxapsBt2W HelenGymAtLarge (from Philadelphia, PA) Wed Dec 08 22:37:40 +0000 2021
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