Your fact-checks will appear here
Tax code for Puerto Rico
Enhanced Affordable Care Act premium subsidies enacted during the pandemic — the larger premium tax credits that expanded eligibility above 400% of the federal poverty level and lowered required house...
Donations of long‑term appreciated securities in 2025 remain deductible at fair market value but are generally capped at 30% of your adjusted gross income (AGI) for gifts to public charities or donor‑...
Paying federal and employment taxes in the United States is a , not a voluntary choice: statutes and case law require filing and payment, and the government enforces compliance with audits, penalties,...
The You Earned It, You Keep It Act would permanently repeal federal income taxation of Social Security benefits and offset that revenue loss by raising the Social Security payroll tax contribution and...
The ACA’s Modified Adjusted Gross Income (MAGI) for premium tax credit (PTC) purposes starts with a taxpayer’s adjusted gross income (AGI) and then adds back only three specific untaxed items: untaxed...
When , states must decide whether to adopt those changes for their own income tax bases — a process called — and they do so either by automatically following the current () or by referencing the IRC a...
The official 2025 subsidy income percentage tables are published in IRS revenue procedures and notices — principally the IRS revenue procedure that supplies the Applicable Percentage Table and the Req...
Two consistent facts emerge from recent reporting: states adopt one of three approaches—, static (fixed-date) conformity, or selective/code-specific conformity—and the country is roughly split between...
Congressional proposals to change how Social Security benefits are taxed currently range from full repeal measures that would remove benefits from taxable income to narrower fixes that raise the incom...
Most states mirror the federal estimated‑tax safe harbor in spirit, but a handful impose materially different thresholds, penalty calculations, due dates or conformity rules that can trip up taxpayers...
Yes — U.S. senators do pay federal (and state) income taxes on their salaries; congressional pay is set by law and treated as taxable income under the Internal Revenue Code, and special rules and limi...
501(c) charities are , and engaging in partisan campaign activity can jeopardize tax-exempt status and invite excise taxes . The law still permits and some advocacy and lobbying within limits; the dis...
Corporations cite a mixture of (tax and campaign-finance rules, potential enforcement) and (reputational harm from association with controversial groups) when ending ties with politically active nonpr...
permits residents age 59½ or older to exclude up to $20,000 of qualified pension and annuity income from their New York adjusted gross income, but that exclusion is limited to periodic (pre‑selected) ...
still depends on “provisional income” thresholds that trigger inclusion of 0%, 50% or 85% of benefits in taxable income—thresholds set at $25,000 for single filers and $32,000 for joint filers—so more...
Employers must verify every new hire’s identity and work authorization using Form and may face civil penalties for knowingly hiring or continuing to employ unauthorized workers , while simultaneously ...
Becoming and proving bona fide residency in Puerto Rico for tax purposes hinges on satisfying three statutory tests—presence, tax home, and closer connection—and on producing documentary evidence that...
A president’s refusal to release tax returns carries limited direct criminal or civil exposure but can trigger congressional oversight, state investigations, litigation over access, and new statutory ...
The enhanced Premium Tax Credit (ePTC) provisions that eliminated the 400% federal poverty level (FPL) cap and increased subsidy generosity expired on December 31, 2025; the underlying Premium Tax Cre...
A written certification that a patient is a “chronically ill individual” for IRS purposes must state that a licensed health care practitioner has determined the patient meets either the Activities of ...