Apr 19 IRS touts improved customer service, credits funding boost By Fatima Hussein, Associated Press Taxpayers who called the IRS had an average wait time of four minutes this tax season compared to 27 minutes a year earlier, the agency said this week. Continue reading
Apr 16 Why Tax Day is April 18 this year, and how early spring became tax season By Thomas Godwin, The Converastion The tax deadline has been pushed back to April 18 this year, giving those leaving it to the last minute a few extra days. Usually, the day falls on April 15. But why is Tax Day in April anyway? Well,… Continue reading
Dec 31 Rising wages, falling taxes: New state laws taking effect in 2023 By David A. Lieb, Geoff Mulvihill, Associated Press Taxes will fall and minimum wages rise for residents in numerous states as a variety of new laws take effect Sunday that could impact people's finances and, in some cases, their personal liberties. Continue reading
Dec 30 Watch 7:10 What did we learn from Trump's tax returns? By Lisa Desjardins Following a long legal battle and public debate, House Democrats released six years of former President Trump’s tax returns. Thousands of pages show his personal and business taxes from the years he ran for and served as president. Russ Buettner… Continue watching
Dec 30 Read 6 years of Donald Trump's tax filings released by House committee Read six years of former President Donald Trump's redacted tax returns released by Democrats in Congress. Continue reading
Dec 21 Mandatory IRS audit of Trump taxes delayed during presidency, House panel says By Josh Boak, Brian Slodysko, Lisa Mascaro, Meg Kinnard, Associated Press A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency. Continue reading
Sep 23 UK cuts taxes, boosts spending, accelerating recession worries By Danica Kirka, Jill Lawless, Sylvia Hui, Associated Press The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis. Continue reading
Sep 04 Some states have laws to tax student loan debt forgiven by Biden's plan By Steve Karnowski, Collin Binkley, Associated Press President Joe Biden's student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. Continue reading
Aug 17 Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring. Continue reading
Aug 13 Sinema received nearly $1 million from Wall Street while killing tax hike on investors By Brian Slodysko, Associated Press Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would… Continue reading