Tax News

State and Local Tax Deduction: An Item Blurring Party Lines

White House and congressional proposals would eliminate the provision, challenging tradition and bipartisan defenders in wealthy and populous states....
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How Trump’s Tax Plan Affects Businesses, Him and Us

Readers decry the latest version of “voodoo economics” and wonder how the president will benefit personally....
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A.M.T., With Few Defenders, Is Newly Targeted in Trump Tax Plan

The alternative minimum tax was enacted to make sure high-income earners didn’t avoid a fair share of tax, but many say its effectiveness has eroded...
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5 Hurdles to the Adoption of Trump’s Tax Plan This Year

It has obvious benefits for the rich but not the middle class, lobbyists don’t like parts of it, and its effect on Mr. Trump’s own taxes is unclea...
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Trump Tax Plan Silent on Carried Interest, a Boon for the Very Rich

Hedge fund managers and private equity executives could benefit if a loophole Donald Trump promised to close is replaced by a lower corporate tax rate...
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President Trump’s Laughable Plan to Cut His Own Taxes

Take a gigantic gift for the rich and, just to provide cover, throw in a few crumbs for average families....
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This Isn’t Tax Policy; It’s a Trump-Led Heist

For all of the president’s talk of helping ordinary Americans, they’re not the big beneficiaries of his plan....
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Winners and Losers in the Trump Tax Plan

The plan lacks many details, but one group of losers seems to be upper-middle-income people in blue states....
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White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy

President Trump on Wednesday proposed sharp reductions in both individual and corporate income tax rates, and also called for the elimination of most ...
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Today is tax day. Here's what you need to know

Tax returns are due today -- April 18, 2017 -- as is any remaining money you owe to Uncle Sam for 2016....
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Trump’s Unreleased Taxes Threaten Yet Another Campaign Promise

Democrats have pledged not to cooperate on an overhaul of the tax code unless they know how that rewrite would benefit the president and his family....
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5 last-minute tax tips you need to know now

As you come down to the wire, make sure you follow these simple rules....
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Your taxes are not due on April 15. Here's why

You have until Tuesday, April 18 to file your federal taxes this year. That's because April 15 falls on a weekend, and Monday, April 17 happens to be ...
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What worries small businesses about tax reform

A new survey shows the No. 1 concern of small businesses about tax reform is that lawmakers will reduce their tax breaks without actually lowering the...
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Tax reform decoded: What you need to know

Discussions about overhauling the tax code will be peppered with tax and legislative jargon. Here are some key terms decoded....
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Indian police arrest alleged ringleader of IRS scam

Indian police have arrested Sagar Thakkar, who they say was at the heart of a bogus IRS call center scam....
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4 things the IRS doesn't want you to know

Read full story for latest details....
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7 tax misunderstandings that could cost you

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IRS will use private debt collectors, but warns of potential scams

The IRS will start farming out longtime unpaid tax debts to authorized private debt collection firms. Here's how to avoid being scammed by con artists...
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Why tax reform and tax cuts are not the same thing

Republicans and the White House have been talking about the next big thing they'll address: tax reform. But their biggest focus seems to be tax cuts....
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