The IRS is planning to expand its workforce to increase revenues, but it’s not related to student debt forgiveness. The federal government won’t tax the forgiven debt under a White House plan.
It originated in a 2021 Treasury Department assessment of what the IRS would do with $80 billion in funding over 10 years. But the report did not say that the new hires would all be agents working in enforcement, and some of the money would go toward modernizing technology and offering taxpayer services.
While the Treasury is expected to make new hires, it is still finalizing how it will allocate the newly approved funds.
The IRS plans to increase its workforce, but over 10 years, not all at once. Many of the new hires are expected to come onboard as 50,000 current IRS workers retire. And forgiven student loan debt will not be taxed federally, though it might be subject to state taxes in some places.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
PolitiFact - Some university endowments are taxed. There are limits on how endowment funds can be spentPrivate colleges and universities with very large endowments pay a federal excise tax on endowment investment income. Legal requirements dictate how endowment payouts can be used.
続きを読む »
U.S. to suspend free COVID-19 test orders next weekPresident Joe Biden in January pledged to procure 1 billion free tests for Americans, including 500 million available through the website. The administration will suspend taking orders for free at-home tests through COVIDTests.gov as of Friday, Sept. 2, 'because Congress has not provided the COVID-19 funding we need to replenish the nation's stockpile of tests,' said a senior administration official. Alternative ways of getting at-home tests will remain, the official said, including getting them reimbursed by private health insurance, Medicare, or Medicaid, which collectively cover over 92% of Americans.
続きを読む »
Joe Rogan’s Helpful Pandemic Advice Is ‘Vote Republican’Joe Rogan claimed “serious errors were made” in the response to COVID-19 and suggested that Republicans were better adept at handling the pressures of the pandemic.
続きを読む »
Reuters Poll: Joe Biden's Net Approval Drops 7 Points in One WeekPresident Joe Biden's net approval rating dropped a full seven points in one week, according to a Reuters/Ipsos poll released Tuesday.
続きを読む »