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WBNS-10TV Columbus, Ohio | Columbus News, Weather & Sports |
Money
No, taxpayer money is not being used to cover deposits at SVB
Pop Culture
Yes, the $126K Oscar gift bags are taxable
Oscar nominees who accept gift bags have to claim them on their federal income taxes because the IRS treats these swag bags as income.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Taxes
Yes, the IRS requires people to report income from stolen property and illegal activities
If a person steals property or makes money from illegal activities, the IRS requires taxpayers to report that on their income tax return.
Taxes
Yes, you can check the status of your tax refund
The IRS has an online tool and a mobile app where taxpayers can check the status of their tax return. We explain how it works.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Taxes
Yes, you can claim a missed stimulus check, but you have to file a 2020 or 2021 tax return
You may be eligible to claim a Recovery Rebate Credit on your 2020 or 2021 federal tax return if you didn't get a stimulus check, or got less than the full amount.
Money
No, the debt and the deficit are not the same thing
The two concepts are related and easily confused. Here’s the difference:
Economy
No, the national debt and deficit are not the same thing
Here’s the difference between the debt and the deficit.
Social Security
Biden SOTU claim about GOP Medicare cuts needs context
Republicans booed President Biden during the State of the Union after he claimed some had proposed plans that could end Medicare and Social Security.
Taxes
Yes, the IRS recommends people in up to 22 states wait to file their tax returns
The IRS says people who received tax rebates or relief checks from their state in 2022 should hold off on filing their income tax return. Here’s why.
Taxes
Social Security benefits are taxable for some people, depending on their income
Up to 85% of your Social Security benefits are counted as taxable income if you meet certain requirements.
Pop Culture
Yes, the $126K Oscar gift bags are taxable
Oscar nominees who accept gift bags have to claim them on their federal income taxes because the IRS treats these swag bags as income.
Taxes
No, the IRS is not changing tip reporting requirements to crack down on waiters
Headlines falsely claim the Biden administration is sending the IRS after service workers. Here’s what’s actually happening.
Taxes
Yes, the IRS requires people to report income from stolen property and illegal activities
If a person steals property or makes money from illegal activities, the IRS requires taxpayers to report that on their income tax return.
Taxes
Yes, you can check the status of your tax refund
The IRS has an online tool and a mobile app where taxpayers can check the status of their tax return. We explain how it works.
Money
No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit
The ERC is a tax credit for businesses. It doesn’t provide up to $26,000 to people who worked through the COVID pandemic.
Taxes
Yes, you can claim a missed stimulus check, but you have to file a 2020 or 2021 tax return
You may be eligible to claim a Recovery Rebate Credit on your 2020 or 2021 federal tax return if you didn't get a stimulus check, or got less than the full amount.
Money
No, the debt and the deficit are not the same thing
The two concepts are related and easily confused. Here’s the difference:
Economy
No, the national debt and deficit are not the same thing
Here’s the difference between the debt and the deficit.
Social Security
Biden SOTU claim about GOP Medicare cuts needs context
Republicans booed President Biden during the State of the Union after he claimed some had proposed plans that could end Medicare and Social Security.
Taxes
Yes, the IRS recommends people in up to 22 states wait to file their tax returns
The IRS says people who received tax rebates or relief checks from their state in 2022 should hold off on filing their income tax return. Here’s why.
Taxes
Social Security benefits are taxable for some people, depending on their income
Up to 85% of your Social Security benefits are counted as taxable income if you meet certain requirements.
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