A group of Connecticut lawmakers is taking aim at gun violence by targeting ammunition sales with a 35% excise tax.

The majority of individual taxpayers in the U.S. are eligible to file their taxes for free, yet many may be unaware or confused by how to do so.

Tax season is here, help is available and it will be free for some families. State Income Tax Assistance: The state Department of Revenue Service offers free assistance to complete Connecticut tax returns. Help is available by telephone or in-person at any of the field offices. You must arrive by 4 p.m. and you must bring all of the following…

Having a new baby can not only change your sleep patterns, it can also change how you file your taxes.

Filling out and paying your taxes is tough enough.  Imagine if you’re dealing with a crumbling basement and have to sort out what that means for your tax situation. Congressman Joe Courtney and an IRS representative will host a webinar on the subject Monday, February 10, 2020 at 2 p.m.  It is open to the public.  In addition to discussing…

Drive the streets of Connecticut, and you might have seen a lot of people sporting license plates from states with low or no car taxes, like Maine, New York, and New Jersey. While some may be visitors, registering a car out-of-state has long been used as a way to avoid paying Connecticut’s car tax.

Tax season has just started, but you can still find opportunities to cut your 2019 taxes if you know where to look. The IRS started accepting tax returns on Jan.27, kicking off the long march to April 15 — the deadline for taxpayers to pay last year’s liabilities.

As tax season gets underway, Connecticut Attorney General William Tong and other state leaders are warning people to be careful of potential scams. “Be careful with your personal information and be careful around tax season,” said Tong. Scam artists often try to impersonate someone you would trust and they are most interested in getting personal information, like a Social Security…

State officials are urging residents to file taxes early to avoid false filings in your name.

Last year’s tax season saw lots of disappointment over refunds. Many people had not adjusted their withholdings in light of the federal tax cut act. Tax experts say if you still haven’t done so, you should consider changing your withholdings on your W4, especially if you’re expecting big changes in 2020. NBC’s Chris Clackum reports.

Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax...

It’s about to get a little easier for you to figure out how to break even or get a bigger tax refund from Uncle Sam. The IRS kicked off the new year with a revamp of its tax withholding estimator tool, a calculator that helps you fine-tune the amount of federal income taxes that are pulled from your paycheck. Tax...

It’s officially 2020, which means it’s not too early to start thinking about your taxes. Several human services organizations in Connecticut will be offering tax preparation services to low and middle-income residents. The Volunteer Income Tax Assistance, or VITA, program kicks off January 7. The Village for Families & Children, United Way of Central and Northeastern Connecticut, Human Resources Agency…

Retired coal miners and longtime opponents of Obama-era taxes on high-cost health plans are eyeing big wins as top congressional leaders and the Trump White House close in on a deal on a government-wide spending bill. The bill would also increase the age nationwide for purchasing tobacco products from 18 to 21.

Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report. The study by the Institute on Taxation and Economic Policy, a left-leaning think tank, covers the first year following passage of the Tax Cuts and Jobs Act championed by President Donald Trump, which was signed into law in December 2017. The report covers 379 companies...

Utah officials say a possible dropped phone resulted in a typo that overvalued a home for almost $1 billion. And taxpayers may have to pay for the mistake. The Deseret News reports a house built in 1978 in an unincorporated area of the county was recorded in 2019 tax rolls with a value of more than $987 million. That’s an…

New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independent contractors. The decision is the latest setback for Uber and other companies in the so-called “gig economy” that rely heavily on contract labor to deliver the services at the heart of their popular apps.

President Trump famously said during his campaign that he could shoot someone on Fifth Avenue and get away with it. In court Wednesday, his lawyers argued that legally, he really could — and no one could do a thing about it.

Connecticut’s new laws go into effect today and several of them could have a direct impact on your wallet.

A trove of leaked documents known as the “Paradise Papers” have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency.