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The House passed the bipartisan infrastructure bill⁠—here’s how crypto investors will be impacted

[CNBC, Twenty/20] The House passed the $1.2 trillion bipartisan infrastructure bill late Friday. Now, it’s off to President Joe Biden’s desk to be signed. The legislation includes tax reporting provisions that apply to digital assets like cryptocurrency and nonfungible tokens, or NFTs. There are two potential ways crypto investors will be impacted. Here’s a look at each. […]

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Panic Is Suddenly Spreading Among Bitcoin, Ethereum, BNB, XRP And Dogecoin Traders Even As The Market Soars Toward A $1.7 Trillion Price

[Forbes, Getty Images] Bitcoin and cryptocurrency prices have soared this weekend, with the bitcoin price making significant gains over $40,000. The bitcoin price climbed to almost $43,000 per bitcoin last night, its highest since mid-May and almost $10,000 higher than its price this time last week. Meanwhile, the ethereum price has led the cryptocurrency market higher […]

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Biden’s proposed 39.6% top tax rate would apply at these income levels

[CNBC, Getty] President Joe Biden has proposed a 39.6% top marginal income tax rate, up from the current 37%, to help fund the American Families Plan.That rate would affect single individuals with taxable income of more than $452,700 and married couples filing jointly with income over $509,300, according to a budget proposal issued Friday.The top […]

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Can I deduct home office expenses while I’m working from home? It depends

[CNN] If you’ve been working from home much of this year, you’ve probably spent some money trying to make your living space more conducive for working. Maybe you bought some supplies, a new desk or a chair, or you’re just paying more for a better Internet connection. If so, you may be wondering if you’re […]

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Tax preparers warn unemployment recipients could owe IRS

[The Hill] Tax preparers are concerned that many of the millions of Americans receiving unemployment benefits due to the pandemic are unaware that they might owe money to the IRS next year. Jobless benefits are subject to federal income taxes, as well as state income taxes in most parts of the country. But workers who […]

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