Fair 75°
Tag:

Tax

News
New Map Reveals States Americans Are Moving To, Leaving New Map Reveals States Americans Are Moving To, Leaving
New Map Reveals States Americans Are Moving To, Leaving A new map is putting America’s moving patterns in sharp focus. The Tax Foundation analyzed newly released IRS migration data showing where taxpayers moved between 2022 and 2023, using returns filed in calendar years 2022 and 2023. The data shows continued movement toward the South and Sun Belt, with major gains for states including Texas, Florida, North Carolina, South Carolina, and Tennessee. Texas gained the most income tax filers from interstate migration, with 56,473, followed by Florida at 55,349, North Carolina at 39,118, South Carolina at 29,214, and Tennessee at 24,104, according t…

SHARE

by Joe Lombardi
News
Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game
Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game A Massachusetts woman took a shot on a new scratch-off game and walked away with a $1 million prize.  Sammantha Kheav-Pech, of Lynn, picked up the first $1 million grand prize in the new “$15,000,000 Colossal Millions” game. The $30 scratch-off tickets went on sale April 15.  Kheav-Pech elected to take the lump sum payment of $650,000 (before taxes) rather than the annuity, which would pay the full amount over 20 years.  She said she plans to save the money and share some with her family.  Kheav-Pech bought the winning ticket at 7-Eleven, 50 Bass Ave. in Gloucester. Th…

SHARE

by Josh Lanier
News
New Scam Involving Fraudulent Texts Impersonates IRS New Scam Involving Fraudulent Texts Impersonates IRS
New Scam Involving Fraudulent Texts Impersonates IRS A new scam involves unsolicited text messages impersonating the Internal Revenue Service (IRS), the agency says. The fraudulent messages falsely claim recipients are eligible for a $1,400 Economic Impact Payment and instruct them to click a deceptive link to "claim" the funds. How The Scam Works Victims receive a text message that appears to be from the IRS, stating they are owed an Economic Impact Payment. The message urges them to provide personal information to process the supposed payment. Scammers promise the money will be deposited into a bank account or mailed as a check within 1-2…

SHARE

by Joe Lombardi
News
Some Americans Must File Tax Returns In March: Here's Who, Why Some Americans Must File Tax Returns In March: Here's Who, Why
Some Americans Must File Tax Returns In March: Here's Who, Why The Internal Revenue Service (IRS) has alerted some American workers that they face an early tax deadline.  Those in the group who did not make estimated tax payments by Wednesday, Jan. 15, 2025, must file their 2024 federal income tax returns and pay any taxes owed by Monday, March 3, 2025.  Due to the deadline falling on a Saturday, it has been extended from the usual Saturday, March 1, to Monday, March 3. Details of the Early Deadline Farmers and fishers who qualify for this special deadline are those who derived at least two-thirds of their gross income from their respective…

SHARE

by Joe Lombardi
Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

SHARE

by Chris Spiker
Lifestyle
$710K Lottery Jackpot: Mass Trust Claims Prize After Game Redesign Improves Odds Of Winning $710K Lottery Jackpot: Mass Trust Claims Prize After Game Redesign Improves Odds Of Winning
$710K Lottery Jackpot: Mass Trust Claims Prize After Game Redesign Improves Odds Of Winning A whopping $710,000 jackpot prize has been claimed by a Massachusetts trust, lottery officials announced.  The winning Megabucks ticket was sold at a Bristol County store for the drawing on Wednesday, May 22, and claimed by the Coogan Smith 2024 Clients' Trust One, Massachusetts State Lottery officials announced on Wednesday, July 3.  The trust, which was represented by trustee Stephen Withers Jr., chose to receive the cash option and was sent a one-time payment of $710,000 before taxes.  The winning ticket was bought at Pick 'N Pay located at 54 South Washington St. in…

SHARE

by Ben Crnic