WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

* Did you hear – “FTC Action Stops H&R Block’s Unfair Downgrading Practices and Deceptive Promises of ‘Free’ Filing” –

“Proposed settlement would require company to pay $7 million for consumer redress and make changes for consumers in tax filing seasons 2025 and 2026.”

* Kay Bell, the yellow rose of taxes, offers a series of posts on “Tax Turkey to Avoid” #1 – “Paycheck withholding review and adjustment”.

#2 – “Not establishing a bunching strategy.”

#3 – “Not using, therefore losing, your medical FSA money.”

And # 4 – “Overlooking alternative ways to give to charity.”

* Joe Kristan reports “IRS Sets 1099-K Threshold at $5,000 for 2024” at the EIDE BAILLY BLOG -

“The IRS today announced that the threshold for third-party payors such as Venmo and Paypal to issue Form 1099-K will be at $5,000  in payments for 2024.”

* No surprise here.  NJ DIGEST tells us “NJ Residents Pay More in Taxes Than Anywhere in Nation, New Study Finds.”

I am glad I now live in Pennsylvania.

THE LAST WORD

The Washington Post explains “The greatest threat facing the United States is its own president” -

“Not only does the president diminish the office with his pettiness; he also shows disregard for constitutional principles including free speech, freedom of religion and separation of powers, and he operates as though he were above ethics laws. Daily he shows he lacks the character, discipline, intellect, judgment or respect for the office to be president of the United States."

TTFN