taxes

Biden will seek an increase in the tax on capital gains to 39.6% for those Americans earning more than $1 million, according to reports.

Stocks ended lower on Wall Street Thursday after dropping in afternoon trading on a report that President Biden will propose a hefty tax increase on the gains wealthy individuals reap from investments

The IRS estimates the average taxpayer spends 12 hours working on their taxes and pays an average of $230 to get their paperwork filed.

Sen. Elizabeth Warren and billionaire Leon Cooperman have clashed many times.

The country’s rate of 12.5% has been a core feature in its ability to attract dozens of large companies, mostly U.S. tech and pharmaceutical firms, to its shores, often creating many jobs.

In the early weeks of the pandemic, one thing became clear to Louis Goffinet: he needed to help. “As a teacher I was able to see pretty closely how COVID was impacting families,” said Goffinet, who teaches in a Connecticut middle school. With no charity or fundraising background, Goffinet started an online fundraiser to help his Mansfield neighbors buy groceries….

The new child tax credit will provide $3,000 for children ages 6 to 17 and $3,600 for those under age 6. Here’s how to calculate how much you’ll get.

Taxpayers who received unemployment income in 2020 and filed their taxes early in the year may receive a refund from the IRS next month.

President Biden plans to pull U.S. troops out of Afghanistan by Sept. 11, a senior administration official said Tuesday.

The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for infrastructure, the White House said Tuesday.

The Texas Republican served as chairman of the powerful House Ways and Means Committee, the top tax-writing body in the chamber, for two terms.

With the May 17 tax deadline approaching, millions of Americans are filing returns for a year that saw them receive up to $1,800 worth of stimulus checks.

As Biden tries to curry favor for a corporate tax hike, the administration has other ways it could fund a $2 trillion infrastructure plan.

New York’s business leaders are looking for exits as their taxes are set to be raised in the states upcoming budget.

Many people are finding that preparing their 2020 taxes is a bigger challenge than usual. Consumer Reporter Susan Hogan gets your tax questions answered.

A lot of families got a shock when they learned their unemployment benefits were taxable, but the new stimulus bill passed recently corrects some concerns.

Adeyemo said the White House’s broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

The JPMorgan CEO said just five states continue to fight for unlimited state and local tax deductions because those states reap 40% of the benefit.

Gov. Cuomo expressed newfound openness to raising taxes on top-earners this year, after long having warned that raising taxes on the wealthy could drive them out of New York at a time when the state’s economy is still recovering from COVID-19 economic shutdowns.

Americans who collected unemployment benefits last year may need to file an amended tax return in some cases to get their maximum tax refund, the IRS said.