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New Law Makes Clear: Combat-Zone Contract Workers Qualify for Foreign Earned Income Exclusion

The following article was published by the IRS.

Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion. 359 more words

IRS

Georgia High Court Won’t Stop Vote on Creation of Eagle’s Landing

ATLANTA (AP) — The Georgia Supreme Court on Monday declined to stop voting in a referendum on whether a new city of Eagle’s Landing should be created from part of the existing city of Stockbridge. 415 more words

News

The U.S. Economy Is Booming. So Why Is the Federal Deficit at Its Highest Level Since 2012?

The U.S. deficit just hit its highest level since 2012, according to the latest figures from the Treasury.

The Trump administration announced that the deficit had risen by 17% in the 2018 fiscal year to $779 billion. 295 more words

Finance

Luxembourg's government caves on the digital tax

So, Macron won.

That should be the essential takeaway from the Luxembourgish government’s U-turn on digital taxation. Last month, finance minister Pierre Gramegna announced that the government would not hold back the introduction of a French-proposed tax on “digital presence”, provided it contains a sunset clause making it temporary – until a solution can be found at the level of the Organisation for Economic Co-operation and Development (OECD). 562 more words

English

Virginia individual income tax filing extension deadline is just around the corner

RICHMOND, Va. – The deadline for Virginia Tax’s six-month individual income tax filing extension is Thursday, November 1.

Last year, roughly 230,000 Virginians filed their returns on November 1. 210 more words

News

Evers proposes tax cuts; Walker calls it publicity stunt

Democratic gubernatorial candidate Tony Evers is proposing a tax cut for Wisconsin’s middle class that Republican Gov. Scott Walker’s campaign is calling a last-minute publicity stunt. 20 more words

Who Pays the Taxes in the U.S.A.? The Wealthy...

Americans who earned in the top 1 per cent paid more individual income tax than the bottom 90 per cent combined in 2016, according to new figures released by the Internal Revenue Service.

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TR News & Politics