Taxes

For nearly 50 years, the National Association of Women Business Owners has been the unified voice of more than 14 million women-owned businesses in America, including hundreds of thousands of beauty salons and barbershops. As we begin a new year,... Read More

WASHINGTON (AP) — Republican senators pushed a $340 billion budget framework to passage early Friday, chugging through an all-night session and Democratic opposition in a step toward unleashing money the Trump administration says it needs for mass deportations and border security that top their agenda. The... Read More

WASHINGTON — Democratic lawmakers in the House and Senate on Wednesday introduced a bill that would make tax credits on insurance premiums, first offered under the Affordable Care Act, permanent, saying they hope it’ll be one of the so-called “tax... Read More

PIPER CITY, Ill. (AP) — In Scott Saffer's science classroom, kids bake cookies in a decked-out kitchen, care for fish, turtles and a snake, and have access to a workshop full of tools. As the gifted enrichment coordinator at Tri-Point... Read More

WASHINGTON — The Supreme Court on Thursday upheld a Trump-era tax on foreign income in a ruling critics say extends federal authority too far over international business. Before Congress enacted the tax in 2017, wealthy individuals and corporations would put... Read More

WASHINGTON — The Internal Revenue Service on Monday published draft regulations that environmentalists fear could open the door to federal subsidies for biomass, a form of renewable feedstock they consider as harmful as fossil fuels. The rule published in Monday’s... Read More

WASHINGTON — A recently piloted platform that allows households to file their federal tax returns online and at no cost is being made permanent, Treasury Secretary Janet Yellen announced Thursday. More than 140,000 taxpayers living in a dozen states used... Read More

DETROIT (AP) — The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury... Read More

NEW LONDON, Conn. — Sen. Richard Blumenthal, D-Conn., visited State Pier in New London, Connecticut, on Monday to tout and celebrate the Biden administration’s decision to expand eligibility of federal tax credits for offshore wind projects. “This tax credit has... Read More

WASHINGTON (AP) — The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for... Read More

LOS ANGELES — A Los Angeles grand jury indicted Hunter Biden on tax charges Thursday. The nine-count indictment alleges Biden failed to pay $1.4 million in taxes over four years. The Los Angeles indictment follows similar tax evasion charges this... Read More

WASHINGTON — The Biden administration is proposing changes to the federal financial assurance requirements for oil and gas companies to protect taxpayers from the costs of decommissioning offshore oil wells and infrastructure no longer in use. By law, oil and... Read More

WASHINGTON — The Supreme Court on Monday agreed to hear a challenge to a provision of the Trump-era Tax Cuts and Jobs Act that could dramatically alter the taxing powers of Congress. As is their custom, the justices did not... Read More

WASHINGTON —  Members of the recently-formed bipartisan State and Local Tax Caucus are urging their colleagues to support legislation removing the SALT deduction cap, arguing it will provide often neglected middle-class Americans with needed financial assistance.  The bill, the Securing... Read More

WASHINGTON — Some familiar faces and a batch of newcomers to Capitol Hill are banding together to try to restore the state and local tax deduction and bring tax relief to millions of middle-class families. A controversial part of former... Read More

WASHINGTON — Democratic leaders from the House and Senate on Wednesday blasted away at a GOP proposal to do away with all income and payroll taxes and replace the lost federal revenue with a massive hike in the sales tax.... Read More

WASHINGTON — Illegal trade isn’t good. It’s not good for companies who depend on the revenue from their products to expand and add jobs, and it’s certainly not good for the consumers who unknowingly shell out considerable sums of money... Read More

WASHINGTON — The U.S. Treasury Department has unveiled its initial guidance on the labor requirements that employers must meet in order to qualify for bonus tax benefits for clean energy projects. The guidance announced Tuesday will be published in the... Read More

WASHINGTON (AP) — Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee. In an emergency appeal filed Monday, Trump wants the court... Read More

SAVANNAH, Ga. (AP) — U.S. Sen. Raphael Warnock, D, Ga., urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the... Read More

WASHINGTON — Washington, D.C., is accusing billionaire corporate mogul Michael Saylor of evading $25 million in local income taxes in a whistleblower lawsuit filed last week. The District of Columbia’s attorney general says Saylor fraudulently claimed he lived in Florida... Read More

JEFFERSON CITY, Mo. (AP) — Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed... Read More

NEW YORK (AP) — The chief financial officer of Donald Trump's company, Allen Weisselberg, is expected to plead guilty to tax violations Thursday in a deal that would require him to testify about illicit business practices at the Trump Organization, two people... Read More

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill... Read More

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The “ Inflation Reduction Act,” which awaits a House vote after passing in the Senate on... Read More

WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account. Trump’s testimony comes amid... Read More

WASHINGTON — Former President Donald Trump cannot block Congress from obtaining his tax returns as part of a House investigation into audits of sitting presidents by the IRS, a federal appeals court ruled Tuesday. The decision by the U.S. Court... Read More

WEST PALM BEACH, Fla. — The Justice Department is suing Paul Manafort, the former presidential campaign manager of Donald Trump, after he allegedly hid taxable income he was paid as a consultant for business and political interests in Ukraine. Prosecutors... Read More

WASHINGTON —The Federal Trade Commission is suing the makers of TurboTax, Intuit Inc., over an allegedly “deceptive” ad campaign offering “free” services and then having charges appear as Americans file their taxes with the online software. “TurboTax is bombarding consumers... Read More

WASHINGTON — Sens. Bob Menendez, D-N.J., and Bill Cassidy, R-La., are leading an effort to convince the U.S. Department of the Treasury and the Internal Revenue Service to provide penalty relief for taxpayers amid what they describe as the “extensive”... Read More