taxes

The $1.9 trillion Covid relief bill passed by the Senate waives taxes on unemployment benefits. But that creates an issue for those who want stimulus checks.

Sen. Ron Wyden, who leads the Senate Finance Committee, wants Biden’s infrastructure bill to cut tax breaks for the energy industry.

As part of a compromise reached Friday by Senate Democrats, Americans who received unemployment benefits last year could get a portion of their taxes waived.

Investors who realized gains last year will owe capital gains taxes on them this tax filing season.

Democrats push to make $3,000 child tax credit permanent as new research shows expanded credit lifts 10 million children above or closer to the poverty line.

Experts worry that the toll of tax fraud may be even higher this year as many Americans plan to file electronically for the first time. 

This isn’t the year to procrastinate on your taxes. After two rounds of stimulus, you may find that you are entitled to some additional money through the Recovery Rebate Credit. Or, for some people who claimed unemployment, you may find that you owe taxes on that income. Either way, CNBC’s Sharon Epperson says filing early will help you budget for...

“If the wealth tax passes, go out and buy yourself some gold because people are going to rush to find ways of hiding their wealth,” the billionaire told CNBC.

Thomas Sandell paid the biggest False Claims Act settlement ever for an individual in New York related to unpaid taxes on hedge fund fees.

Sen. Elizabeth Warren said the tax is even more urgent during the Covid crisis, as the pandemic has exposed and accelerated America’s wealth gap.

Some states, including California, did not apply the 10% tax withholding to the $600 and $300 enhanced unemployment benefits even though workers requested it.

Sen. Elizabeth Warren, Sen. Bernie Sanders and a slew of other Democrats proposed a 2% tax on wealth above $50 million and a 3% tax on wealth over $1 billion.

The House passed the American Rescue Plan, which includes a temporary increase to the the child tax credit for children under 18.

Tax season is in full swing and some filers are getting a little help this year. Post University students are giving back their time and knowledge they picked up while in the classroom. This year is the first year accounting students from Post University will have the chance to pick up some real-world tax experience. The Internal Revenue Service’s...

Tax season is in full swing and some filers are getting a little help this year. Post University students are giving back their time and knowledge they picked up while in the classroom.

Millions of Americans are going to be in for a rude awakening this tax season when they discover they owe the IRS money for unemployment payments. 

Eligibility for the proposed $1,400 stimulus payments is based on your adjusted gross income. Here’s how to calculate it.

The House of Representatives met Wednesday to vote on a bill that increases funding to municipalities and one that would prohibit discrimination against natural Black hair styles in the workplace.  “I think it’s important to do the increase in PILOT funding now because it puts a marker down,” House Speaker Matt Ritter said. “It makes it very clear that...

Taxpayers who had 2020 income or gains from cryptocurrencies — regardless of the transaction — may regret it if they fail to report it on their tax return.

Former prosecutors say the trove of records could give investigators new tools to determine whether Trump lied to lenders or tax officials, before or after he took office.