Month: November 2021

Cavan Images | Getty Images Democratic lawmakers on Wednesday unveiled a revised social spending and climate provision that expands an electric vehicle tax credit of up to $12,500 for more expensive cars and proposes a lower income cut-off for buyers eligible for the credit. The House Democrats’ update makes vans, sport utility vehicles and trucks priced
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Jakub Porzycki | NurPhoto | Getty Images The fast-growing decentralized finance industry could be about to get a rude awakening. Decentralized finance, or “DeFi” as it’s commonly referred to, is a trend in cryptocurrencies that first started gaining traction in 2020. It’s been called the “Wild West” of crypto — hoards of computer programmers trying
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dusanpetkovic | iStock | Getty Images Improvements to Medicare’s coverage could be on the horizon for the health insurance program’s 63.3 million beneficiaries. Under the latest version of congressional Democrats’ $1.75 trillion spending bill, the federal government would be permitted to negotiate the price of certain drugs with pharmaceutical companies, a move expected to result
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Early in 2020, Sam Lyon’s new job fell through because of a coronavirus hiring freeze. That’s when Lyon decided to create what he calls the “Uber Eats Challenge.” The Salem, Oregon, resident committed to delivering food for 12 hours per day every day in June, aiming for a pace that would amount to $100,000 a
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National Taxpayer Advocate Erin Collins discusses the effect of the COVID-19 pandemic on taxpayers, recent IRS program changes, and what’s to come from the annual Taxpayer Advocate Service report to Congress. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
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