taxes

The massive losses Donald Trump claimed on tax returns were reportedly due at least in part to huge deductions he took against income his businesses had before and after he became president

President Donald Trump and Democratic presidential nominee Joe Biden faced off on Tuesday for the first presidential debate of the 2020 election. Here are some of the key moments you may have missed.

Seth Meyers takes a closer look at President Donald Trump on the verge of putting a third justice on the Supreme Court.

The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and paid no income taxes at all in many others threaten to undercut a pillar of his appeal among blue-collar voters and provide a new opening for his Democratic rival just two days before the first presidential debate.

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.

President Donald Trump’s proposed payroll tax cut is a threat to Social Security no matter how he casts it

Rhode Island mistakenly sent more than 175 tax refund checks signed by Walt Disney and Mickey Mouse

Where you live comes with certain opportunities. New Haven Mayor Justin Elicker is pitching a plan to make those opportunities available to all people. Elicker says it’s time to tax towns that aren’t hitting a certain quota of affordable housing to fix a severe segregated housing problem throughout our state. “Suburban towns are preventing people, in particular minorities, from...

The mayor of New Haven is calling for a tax on towns that aren’t opening their arms to affordable housing.

A European Union high court has ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland, as the EU’s executive commission wants

The federal tax deadline was extended because of the COVID-19 pandemic and the new deadline is tomorrow. This is what you need to know if you have not yet filed.

The U.S. Supreme Court ruled that a New York grand jury can subpoena President Trump’s tax returns, but separately said lower courts needed to reconsider whether Congress could subpoena his financial records. The 7-2 ruling in the New York grand jury case, written by Chief Justice John Roberts, says “Article II and the Supremacy Clause do not categorically preclude,...

The U.S. Supreme Court upheld the Manhattan district attorney’s demand for President Donald Trump’s tax returns, voting 7-2 that a New York grand jury can subpoena the president’s financial documents. In a separate ruling, the justices kept a hold on Trump’s financial records that Congress has been seeking, sending the case to lower courts.

Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said. The announcement came less than a week after Treasury Secretary Steven Mnuchin said that…

The town of Enfield is setting up a drive-through contactless tax service. Officials said they will be using and old bank, which will allow people to pay their taxes in person amid the COVID-19 pandemic. At 10 a.m., Gov. Ned Lamont took part in an event to launch Enfield Express, a drive-through, contactless service the Town of Enfield will operate…

The interest is a sweetener for individuals who have been waiting months for a tax refund — because they either filed paper returns or require additional verification with the taxman — and have been stymied by the agency’s gradual return to operations amid the coronavirus outbreak.

When people planned their household budgets and decided last year how much of their pretax wages to put into a flexible spending account to pay for things like child care or health, they didn’t anticipate the economic upheaval that came with the coronavirus pandemic.  In May the IRS decided it would try to help by loosening some of the...

With so many people not using their flex spending accounts, the IRS is loosening some of the rules around the pretax dollars

There’s another check many are getting in the mail besides stimulus payments, and if you’re not careful, it could end up costing you money. Colleges and universities have sent out refunds for at least part of a spring semester cut short by the coronavirus.  Some families are getting college refund checks, often in the thousands of dollars. If that...

Colleges and universities have sent out refunds for at least part of a spring semester cut short by the coronavirus, but depending on where that money originally came from, you could be on the hook for taxes.