taxes

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.

The Supreme Court on Tuesday appeared likely to reject President Donald Trump’s claim that he is immune from criminal investigation while in office. But the court seemed less clear about exactly how to handle subpoenas from Congress and the Manhattan district attorney for Trump’s tax, bank and financial records.

With the coronavirus pandemic impacting tax revenues and other parts of the state’s budget, the governor says everyone has to be willing to help out

Connecticut has a near $1 billion budget shortfall on its hands.  Come July, the budget gap will grow by an additional $2 billion.   With so many businesses closed and people out work, Connecticut is not getting the tax revenue it’s used to. “The numbers are sobering.  I’ve got to tell you that COVID has been tough on our physical…

If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the spread of Covid-19, refunds for meals or housing have varied from school to school. Still, when it comes to what you should do...

Like all Connecticut cities, Meriden is trying to manage today’s economic challenges. Among those, delinquent taxes. Per the governor’s executive order, towns must offer either a deferral or low-interest rate program. Meriden has opted for the latter. “Typically our annual interest rate is at 18 percent for delinquent taxes,” said Meriden Mayor Kevin Scarpati. “This program that’s in place...

Frantically working on your taxes to meet today’s filing deadline? Stop. Go have another cup of coffee, and relax. In most cases, you don’t have to file today, or anytime soon either. April 15 was supposed to be tax day, but due to the coronavirus pandemic, that’s changed at the federal and many state levels. Here’s the latest guidance...

You’ll now have an extra 90 days, until July 15, to file and pay your federal income taxes. You are still allowed to file for an extension until October 15, just as you can during any other year. To do that, you have to file the extension form by April 15. The changes have rolled out over the course of the...

The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced the decision in a tweet Friday saying that at President Donald Trump’s direction “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments…

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic

David Shulman, senior economist with the UCLA Andersen Forecast, explains how tax deferments are just the start of measures the federal government will need to keep the U.S. economy from slipping into a much worse situation.

President Donald Trump and the Coronavirus Task Force gave updates on the coronavirus pandemic on Tuesday, urging people to heed the CDC guidelines for at least 15 days and act with an abundance of caution. Secretary of the Treasury Steve Mnuchin later announced an IRS tax deferral for those who owe taxes.

Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February.

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