A group of anonymous plaintiffs who filed their taxes online in 2020 using H&R Block has sued Meta, accusing the company of violating users’ trust and privacy. If you’ll recall, a rece...
Tag: Tax
Crypto Tax Update: Italy will Impose Crypto Gains Tax at 26%
For tightening the regulations on digital assets and expanding the crypto taxation on crypto trading, Italy is working to impose a 26% tax on digital assets for gains more than 2,000 Euros (~$2,062), ...
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have b...
Italy Considers 26% Tax on Crypto from 2023
Italy will become the latest country to introduce a capital gains tax regime on cryptocurrencies. The new law which becomes applicable in 2023, will impose a 26% capital gains tax on crypto profits an...
Italy will tax cryptocurrency earnings 26%
Profits from trading cryptocurrencies that are more than 2,000 euros ($2,062) will be subject to the capital gains tax at a rate of 26%. According to material related to the budget that was made publi...
Total pulls investment from North Sea in response to Sunak’s windfall tax
Total gas platform – ANDY BUCHANAN/AFP French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak’s windfall tax. The ...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Coinotizia
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposa...
Here’s why your tax refund may be smaller in 2023, the IRS says
If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. Typically, you get a federal refund when you’ve overpaid yearly taxes or ...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Regulation Bitcoin News
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposa...
Italy to impose 26% crypto gains tax from 2023
Italy is planning to tighten regulation around cryptocurrencies by taxing capital gains beginning in 2023. According to the European country’s proposed budget for next year, all digital currency prof...
Italy Wants to Tax Crypto Gains at 26% From 2023 – Taxes Bitcoin News
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige...
South Korea NFT Market Intelligence Report 2022: Market is Expected to Grow by 47.3% to Reach $938.6 Million in 2022 – Zero Tax on Digital Assets has Propelled the Adoption of NFTs – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “South Korea NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been add...
Italy Mulls 26% Crypto Gains Tax as Binance, Gemini Set Up Shop
Italy looks set to become the latest European country to cash in on crypto businesses moving into the region, with a plan to tax digital trading. In a proposal bundled in with the country’s 2023 budge...
Italy Will Impose Crypto Gains Tax at 26% Starting in 2023
Italy will impose a capital gains crypto tax of 26% on profits beginning in 2023. The new law will require crypto holders to disclose their current holdings and pay 14% on them. According to Bloomberg...
Advisors Should Understand These 2023 Tax Changes Now
Financial advisors should understand 2023 tax year changes. As the New Year arrives, financial advisors should be looking ahead to 2023, understanding what tax changes will impact clients and what the...
House Committee Receives 6 Years Of Trump Tax Returns
Topline The House Ways and Means Committee has received six years of former President Donald Trump’s federal income tax returns, one week after the Supreme Court denied Trump’s request to block his ta...
European Crypto Providers Should Report Tax Details As per New EU Bill
The post European Crypto Providers Should Report Tax Details As per New EU Bill appeared first on Coinpedia Fintech News Crypto providers will have to report details of their EU clients’ transactions...
NFT To Be Lifted From Income Tax Act In India? Read Here
Cryptocurrencies, NFTs, and the Metaverse are terms that you may not yet be familiar with, understand, or have had any personal experience. With so much coverage of these cutting-edge technologies, th...
Residents Of These Five States Are Weeks Away From Getting An Income Tax Cut
Income tax cuts take effect in five states in the first month of 2023. Getty Millions of Americans will see their state government take a smaller bite out of paychecks when 2023 begins in a few weeks....
Unsellable NFTs App Launched to Help With Tax Write-offs
In the nonfungible token (NFT) space, things are getting so bad that collectors are now selling them as tax write-offs. NFT holders are increasingly offloading their digital collectibles. Some tax exp...
Terra Classic Community Divides On 1.2% Burn Tax, LUNA Merger
Terra Classic community witnesses crucial decision-making moments as LUNC developers re-enable Inter Blockchain Communication (IBC) with Cosmos blockchains. Meanwhile, the community remains divided on...
Terra Classic Proposal To Again Increase Burn Tax to 1.2% Sparks Debates
– Advertisement – Terra Classic Community Debates Proposal To Temporarily Increase On-Chain Taxes. A proposal to increase the Terra Classic on-chain tax to 1.2% once more has sparked debat...
Is the IRS still processing 2020 unemployment tax refund? Yes. For many, the wait continues
Bob Dyer and likely millions of other taxpayers are still waiting for tax year 2020 refunds from the IRS. Earlier this summer, I wrote a column about Dyer, who retired as the Akron, Ohio, Beacon Journ...
Get Big Tax Breaks for 2022 by Acting Now
It’s time to make year-end tax moves. With inflation way up and markets way down for 2022, there’s plenty to track. As in the past, most actions for tax-year 2022 must be made before Jan. 1, 2023. The...
The IRS says its 87,000 new hires could help collect as much as $1 trillion — by forcing tax cheats to pay up. But will more ‘fire-breathing dragons’ really do the trick?
Get ready, ultra-wealthy Americans: President Joe Biden wants you to start paying your share. Through the Inflation Reduction Act, Biden plans to increase funding for the IRS to help the agency catch ...
Russia to Start State-Run Crypto Exchange to Boost Tax Revenue
Russia is planning to create a national cryptocurrency exchange because it believes it is losing out on billions of rubles of tax revenue. Sergei Altukhov, a member of the State Duma economic policy c...