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Betting on the Super Bowl? Don’t Forget About Taxes

CPA Practice

However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation. So, as we start tax season, here’s what you need to know about what your Super Bowl bet has to do with your tax return. Super Bowl 2024 is on Sunday, Feb. Usually, the payer (e.g.,

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What’s new in sales tax?

TaxConnex

Times : “Next week’s installment of Connecticut’s annual suspension of sales taxes on clothing and shoes may be a reminder that government is very good at bribing people with their own money.” The five states with the lowest average combined rates are Alaska (1.81%), Hawaii (4.44%), Wisconsin (5.43%), Wyoming (5.44%) and Maine (5.5%).

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

State income taxes. Business income taxes. Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

Credits were claimed through Form 941, the quarterly employment tax return. The federal government will be funding continuing coverage with employers claiming the reimbursement as a payroll tax credit, much like under ARRA, through Form 941. The credit will be against the employer’s share of Medicare tax.

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