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Local 5 - weareiowa.com | Des Moines Local News & Weather | Des Moines, Iowa
Social Security
Yes, Social Security payments are taxable
Taxes
No, you won’t receive the increased child tax credit this year
Parents should expect a smaller refund in 2023 due to the child tax credit amount going down. Here’s what to know about income limits and other requirements.
Taxes
No, families can’t receive the increased child tax credit in 2023
The expanded child tax credit included in the American Rescue Plan is no longer in effect. Here’s what that means for families’ tax returns in 2023.
Taxes
Yes, House Republicans introduced a bill to create national sales tax, eliminate the need for the IRS
The FairTax Act, introduced by Rep. Buddy Carter (R-Ga.), would repeal all federal taxes, including income tax, and replace it with a national sales tax.
Taxes
Yes, there is a proposed bill to institute a national sales tax
The FairTax Act proposes a national sales tax that would eliminate the need for IRS agents, GOP members say.
Taxes
Yes, President Biden has released his tax returns
After he was elected president, Biden resumed the tradition of publicly releasing tax returns each year.
Taxes
Joe Biden has released his tax returns
Biden resumed the tradition – broken by President Trump – of publicly releasing tax returns annually.
Taxes
No, Congress did not defund 87,000 IRS agents
A bill to rescind funding for IRS staffing passed the House, but not the Senate.
Taxes
No, Congress has not defunded 87,000 IRS agents
One lawmakers claims House Republicans have defunded 87,000 IRS agents that the Inflation Reduction Act initially put in place. But that claim is not true.
Taxes
No, the IRS isn’t legally required to audit the president
Presidential audits have been official IRS policy since 1977, but they aren’t mandated by law.
Taxes
IRS didn’t have to audit Trump, other presidents
Presidential audits have been official IRS policy since 1977, but they aren’t mandated by law.
Elections
Yes, the IRS can revoke tax-exempt status for churches that endorse candidates
Churches and charities that are defined as tax-exempt organizations by the IRS are prohibited from endorsing political candidates.
Taxes
No, you won’t receive the increased child tax credit this year
Parents should expect a smaller refund in 2023 due to the child tax credit amount going down. Here’s what to know about income limits and other requirements.
Taxes
No, families can’t receive the increased child tax credit in 2023
The expanded child tax credit included in the American Rescue Plan is no longer in effect. Here’s what that means for families’ tax returns in 2023.
Taxes
Yes, House Republicans introduced a bill to create national sales tax, eliminate the need for the IRS
The FairTax Act, introduced by Rep. Buddy Carter (R-Ga.), would repeal all federal taxes, including income tax, and replace it with a national sales tax.
Taxes
Yes, there is a proposed bill to institute a national sales tax
The FairTax Act proposes a national sales tax that would eliminate the need for IRS agents, GOP members say.
Taxes
Yes, President Biden has released his tax returns
After he was elected president, Biden resumed the tradition of publicly releasing tax returns each year.
Taxes
Joe Biden has released his tax returns
Biden resumed the tradition – broken by President Trump – of publicly releasing tax returns annually.
Taxes
No, Congress did not defund 87,000 IRS agents
A bill to rescind funding for IRS staffing passed the House, but not the Senate.
Taxes
No, Congress has not defunded 87,000 IRS agents
One lawmakers claims House Republicans have defunded 87,000 IRS agents that the Inflation Reduction Act initially put in place. But that claim is not true.
Taxes
No, the IRS isn’t legally required to audit the president
Presidential audits have been official IRS policy since 1977, but they aren’t mandated by law.
Taxes
IRS didn’t have to audit Trump, other presidents
Presidential audits have been official IRS policy since 1977, but they aren’t mandated by law.
Elections
Yes, the IRS can revoke tax-exempt status for churches that endorse candidates
Churches and charities that are defined as tax-exempt organizations by the IRS are prohibited from endorsing political candidates.
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