Minneapolis St. Paul News, Weather, Traffic, Sports | Minneapolis, Minnesota | kare11.com

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

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.
Taxes

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

A spokesperson for the IRS says some “widely promoted scams” falsely claim workers qualify for the Employee Retention Credit.
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.
Taxes

No, parents can’t claim the child tax credit for children who turned 17 in 2022

The American Rescue Plan temporarily bumped up the age of eligibility for the child tax credit from 16 to 17. That doesn’t apply anymore for tax year 2022.
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.

Becher rallies Whitecaps to 1-1 draw with Minnesota United

WWII nurse from Minnesota awarded Congressional Gold Medal

WEATHER: A little cooler today, but more sunshine

Northern lights put on a show for parts of Minnesota

Minneapolis St. Paul News, Weather, Traffic, Sports | Minneapolis, Minnesota | kare11.com

No, taxpayer money is not being used to cover deposits at SVB

Yes, the $126K Oscar gift bags are taxable

No, the IRS is not changing tip reporting requirements to crack down on waiters

No, the IRS is not changing tip reporting requirements to crack down on waiters

Yes, the IRS requires people to report income from stolen property and illegal activities

Yes, you can check the status of your tax refund

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

No, workers aren’t eligible for up to $26,000 through the Employee Retention Credit

Yes, you can claim a missed stimulus check, but you have to file a 2020 or 2021 tax return

No, parents can’t claim the child tax credit for children who turned 17 in 2022

No, the debt and the deficit are not the same thing

No, the national debt and deficit are not the same thing

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