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No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness

Taxes

No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness

Expert Interviews

Effect of Student Debt Relief on Taxpayers | Expert Interview with Andrew Lautz

President Biden's student loan forgiveness program is great news for students. But how will it effect taxpayers. Andrew Lautz of the National Taxpayers Union Foundat
Taxes

Yes, the IRS is forgiving some late-filing fees because of the pandemic

To qualify for penalty relief you must file your 2019 and 2020 tax returns by Sept. 30, 2022. Taxpayers who’ve already paid penalties will automatically get refunds.
Taxes

Yes, the tax deadline for people who filed extensions is coming in October

You have until Oct. 17, 2022, to file your 2021 income tax return if you requested an extension. The IRS encourages taxpayers to file electronically ASAP.
World

Yes, King Charles III is exempt from paying inheritance tax

Queen Elizabeth II’s death at Balmoral Castle had people claiming King Charles III won’t have to pay inheritance tax like people in the U.K. do. That’s true.
Taxes

No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program

No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Education

No, people who receive student loan forgiveness won't have to pay federal taxes on that money

Federal tax-free student loan forgiveness through at least 2025 was promised as part of the American Rescue Plan of 2021. States decide if they want to tax instead.
Social Media

No, Congress did not make itself exempt from IRS audits

A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government

No, Congress has not voted to make its members exempt from IRS audits

A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government

No, viral IRS video and photos do not show IRS agent training

Viral video and photos show a college program that allows students to experience being an IRS criminal investigator for a day. They were recorded in 2017.
Money

Some electric vehicles ineligible for $7,500 tax credit

The Inflation Reduction Act includes tax credits for electric vehicles, but there are restrictions based on the price of the car and where it’s made.
Taxes

Yes, you still have to pay taxes even if you don't have a bank account

The IRS says not having a bank account doesn’t preclude you from taxes.

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Cleveland's Leading Local News: Weather, Traffic, Sports and more | Cleveland, Oh | WKYC.com

No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness

Effect of Student Debt Relief on Taxpayers | Expert Interview with Andrew Lautz

Yes, the IRS is forgiving some late-filing fees because of the pandemic

Yes, the tax deadline for people who filed extensions is coming in October

Yes, King Charles III is exempt from paying inheritance tax

No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program

No, people who receive student loan forgiveness won't have to pay federal taxes on that money

No, Congress did not make itself exempt from IRS audits

No, Congress has not voted to make its members exempt from IRS audits

No, viral IRS video and photos do not show IRS agent training

Some electric vehicles ineligible for $7,500 tax credit

Yes, you still have to pay taxes even if you don't have a bank account

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