Whether you are like the 90 million other taxpayers that filed early or were waiting until the last day (which is today), you should be entitled to get a little something for filing your taxes. Luckily, there are many companies that feel the same way and are willing to give you that extra pat on the back.
WASHINGTON — Wednesday is the deadline for filing income tax returns, a day long associated with the dread of rushing to fill out complicated forms and, perhaps, making a payment to Uncle Sam. Continue reading
Bad news for taxpayers this year: If you have questions for the Internal Revenue Service, getting through is going to take longer. If you’re waiting for a refund, you may face a delay. The IRS attributes this to five years of federal budget cuts, which have led to a hiring freeze and a lack of resources. Judy Woodruff interviews Commissioner John Koskinen about these problems and oversight of the IRS. Continue reading
Tax Day is an accounting nightmare for thousands of gay and lesbian couples as they wrestle with the uneven legal status of same-sex marriage in the United States. Continue reading
WASHINGTON — Federal agencies made $125 billion in improper payments last year, including tax credits to people who didn’t qualify, Medicare payments for treatments that might not be necessary and unemployment benefits for people who were actually working, said a government report released Monday.
WASHINGTON — Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam that has cost taxpayers $15.5 million. Continue reading
Since their invention, people have found ways around paying those pesky taxes, including destroying their own homes. Continue reading
Shaun Donovan, the White House’s director of the Office of Management and Budget, talks to Gwen Ifill about whether President Obama’s budget proposal can find a political middle ground, especially when Democrats say “invest” and Republicans hear “spend.” Continue reading
About 12 million people across the U.S. have money socked away, in most cases by their parents, in special savings accounts meant to be used to pay for college.
President Obama’s new tax code proposal calls for tax increases for higher-income earners and more tax benefits for low- and middle-income earners. Jeffrey Brown learns more from Neil Irwin of The New York Times about what the plan says about the state of the economy and potential political ramifications. Continue reading