Taxes: Crash Course Economics #31
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Taxes: Crash Course Economics #31
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a ...
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Treasury and the #IRS announce penalty relief for new reporting requirements on cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. For more information, see: irs.gov/obbb | IRS
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Treasury and the #IRS announce penalty relief for new reporting requirements on cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. For more information, see: irs.gov/obbb | IRS
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The IRS has announced new 401(k) contribution limits for 2026, increasing the employee deferral limit to $24,500 next year, up from $23,500 in 2025. The agency also unveiled 2026 catch-up contribution limits for savers age 50 and older, new individual retirement account savings limits and higher income thresholds for Roth IRA contributions. Read more: cnb.cx/49MZQGM | CNBC
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