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Cryptocurrency brokers will have to start reporting transactions to the IRS in 2024, because of the bipartisan infrastructure law that President Joe Biden signed into law last November. 

Alaska’s heavy reliance on oil and gas taxes and investment income creates revenue volatility. Explore the economic implications of an Alaska income tax.

The IRS has given blanket extensions to people in the disaster zone, a common move the agency makes in these kind of situations.

No tax distribution table can present every nuance associated withestimated changes in the distribution of taxes. It is possible toinclude enough information so that the results are not presented ina biased or misleading manner (although there is little assurancethey will not be interpreted and reported in a biased andmisleading manner). Until distribution tables are abandoned orreformed, the best defenses against misleading tables are educationand full disclosure of information.

The economy would perform better if the tax code would only let it. In the past, this has meant tax reform efforts moving toward expensing and lower tax rates, a result following naturally when assuming markets operate under perfect competition.