Household employers have seen a rapid increase in labor law requirements, as well as state and municipal paid time off and paid sick leave ordinances. Surprise tax bills await in pandemic-affected IRS filing season | By Laura Davison 4 min read | The U.S. federal tax-filing season that begins Friday will be among the most consequential in recent history, as households face potential surprises — both negative and positive — sorting through pandemic-related measures at a time of high unemployment and depressed consumer confidence. | |
House panel clears $1,400 stimulus payments, family tax credits | By Laura Davison 3 min read | The House Ways and Means Committee advanced legislation that would infuse households with hundreds of billions of dollars of cash through direct payments and tax credits, a key plank of President Joe Biden’s COVID-19 relief package. | | SALT-cap repeal unlikely to be added to COVID-19 relief bill | By Laura Davison 2 min read | Hopes among millions of upper-income and middle-class taxpayers for a repeal of the Trump administration’s limits on their federal deductions will likely be on hold for now, as an effort to include the measure in the COVID-19 aid package is poised to fail. | |
Polish media-tax plan sparks protest and U.S., EU criticism | By Marek Strzelecki 2 min read | With blacked out or blank television screens, front pages and web portals, Poland’s private media companies protested against plans to implement a new advertising tax they say is a disguised government attempt to muffle criticism. | | |