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Taxes
Yes, the IRS is forgiving some late-filing fees because of the pandemic
Taxes
Yes, the tax deadline for people who filed extensions is coming in October
You have until Oct. 17, 2022, to file your 2021 income tax return if you requested an extension. The IRS encourages taxpayers to file electronically ASAP.
World
Yes, King Charles III is exempt from paying inheritance tax
Queen Elizabeth II’s death at Balmoral Castle had people claiming King Charles III won’t have to pay inheritance tax like people in the U.K. do. That’s true.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness
For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Education
No, people who receive student loan forgiveness won't have to pay federal taxes on that money
Federal tax-free student loan forgiveness through at least 2025 was promised as part of the American Rescue Plan of 2021. States decide if they want to tax instead.
Social Media
No, Congress did not make itself exempt from IRS audits
A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government
No, Congress has not voted to make its members exempt from IRS audits
A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government
No, viral IRS video and photos do not show IRS agent training
Viral video and photos show a college program that allows students to experience being an IRS criminal investigator for a day. They were recorded in 2017.
Money
Some electric vehicles ineligible for $7,500 tax credit
The Inflation Reduction Act includes tax credits for electric vehicles, but there are restrictions based on the price of the car and where it’s made.
Taxes
Yes, you still have to pay taxes even if you don't have a bank account
The IRS says not having a bank account doesn’t preclude you from taxes.
Taxes
No, the Inflation Reduction Act does not raise taxes on the middle class
Does the Inflation Reduction Act raise taxes on the middle class? The VERIFY team confirms this is false.
Taxes
Yes, the tax deadline for people who filed extensions is coming in October
You have until Oct. 17, 2022, to file your 2021 income tax return if you requested an extension. The IRS encourages taxpayers to file electronically ASAP.
World
Yes, King Charles III is exempt from paying inheritance tax
Queen Elizabeth II’s death at Balmoral Castle had people claiming King Charles III won’t have to pay inheritance tax like people in the U.K. do. That’s true.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness
For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
No, the average taxpayer will not have to pay $2,100 to cover the cost of the student loan forgiveness program
Education
No, people who receive student loan forgiveness won't have to pay federal taxes on that money
Federal tax-free student loan forgiveness through at least 2025 was promised as part of the American Rescue Plan of 2021. States decide if they want to tax instead.
Social Media
No, Congress did not make itself exempt from IRS audits
A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government
No, Congress has not voted to make its members exempt from IRS audits
A viral tweet about the IRS that claims Congress voted to make its members exempt from audits was satirical. The IRS said anyone can be audited.
Government
No, viral IRS video and photos do not show IRS agent training
Viral video and photos show a college program that allows students to experience being an IRS criminal investigator for a day. They were recorded in 2017.
Money
Some electric vehicles ineligible for $7,500 tax credit
The Inflation Reduction Act includes tax credits for electric vehicles, but there are restrictions based on the price of the car and where it’s made.
Taxes
Yes, you still have to pay taxes even if you don't have a bank account
The IRS says not having a bank account doesn’t preclude you from taxes.
Taxes
No, the Inflation Reduction Act does not raise taxes on the middle class
Does the Inflation Reduction Act raise taxes on the middle class? The VERIFY team confirms this is false.
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