tax

H & R Block Inc (NYSE:HRB) shares gained as much as 11% on Wednesday after the tax preparer issued upbeat second-quarter earnings. The company also hiked its dividend by a generous 10%. Here's what investors need to know about the print, and how to earn $500 per month from the stock. Earnings...

Italy’s right-wing government made an unprecedented decision by applying a windfall tax charging a 40% withdrawal from banks' profits. The tax, which strategically targets the net interest margin, disrupted the financial landscape Tuesday despite its aim to inject fresh resources into Rome...

On May 28, U.S. lawmakers released a draft of a bill allowing the U.S. to increase its debt ceiling. This bill also included a number of add-on taxes, such as the Digital Assets Mining Energy (DAME) excise tax which proposed taxing crypto miners 10% of the cost of the electricity used for...

According to a Gallup poll conducted in April, nearly 60% of Americans say their federal income taxes are too high, a level last seen in 2001. The latest percentage is up 6% compared to a year ago and 15 points from the recent low measured in 2018 and 2019, the poll, whose...

The Internal Revenue Service said on Tuesday it has submitted a report to Congress evaluating a Direct File option for taxpayers. The federal agency said, in a statement, that many taxpayers are interested in using a free IRS-provided tool to prepare and file taxes. The IRS is taking steps to begin...

Negotiations to raise the U.S. federal debt ceiling met fresh snags after the White House presented congressional Republican leaders with a list of proposals to reduce the deficit by closing tax loopholes on Monday, which were universally rejected by the GOP. President Joe Biden will meet with key...

Non-fungible tokens (NFTs) may be taxed on par with other collectibles, such as fine wine or works of art, according to a recent document published by the U.S. Internal Revenue Service. This move could impact taxpayers who have included NFTs in their retirement plans. The proposed guidance is...

President Joe Biden is set to make his third State of the Union address Tuesday night at 9 p.m. ET according to the White House's official website. One focus of the speech will be his plans to make it harder for corporations to buy back their own stocks, according to a statement the White House...

Washington D.C. lawmakers gave the green light to an amended piece of legislation seeking to make several changes to the District's medical cannabis program, reported Marijuana Moment. The Washington, D.C. Council approved the measure from council chairman Phil Mendelson (D) on Tuesday in a 13-...

New York's illegal market for recreational marijuana is thriving, even though the much-anticipated launch of legal sales is just around the corner. The state's cannabis delivery services received guidance last week and are poised to kick off operations, even ahead of the launch of first...

A new report from the Federal Reserve Bank shed light on the economic impact marijuana legalization has had in recent years, reported Marijuana Moment. Policy changes on the state level have resulted in increased commercial real estate demand, as well as a surge in tax revenues while...

Simplifya, a regulatory and operational compliance software platform serving the cannabis industry, has teamed up with CohnReznick to bring key tax and accounting data to its Simplifya Market Guide, Benzinga has learned exclusively. CohnReznick, which administers key taxation and accounting advice...

A CryptoPunk NFT sold for a whopping 2,691 ETH, worth $3.3 million on Friday. But the owner sold it for a loss of $7 million.  This Punk is one of the 24 apes in the collection, making it one of the rarest characters.  "$3.2m is a joke for that ape, but it might be tempting for...

The Internet and Mobile Association of India (IAMAI) has dissolved a division, the Blockchain and Crypto Assets Council (BACC), according to a statement released by CoinDesk. What Happened: The decision by IAMAI was made unanimously without consulting the BACC. Over the past few months, Indian...

Connecticut Gov. Lamont’s GOP Opponent Calls For Attorney General Investigation After Tweet and Song Celebrating Legal Marijuana Bob Stefanowski (R) wrote a letter asking state AG William Tong (D) to investigate whether Gov. Ned Lamont (D) broke a state statute by sharing...