Tax News

Why Marco Rubio raided his retirement account

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Can Republicans Avoid the Romney Tax Trap?

As Mitt Romney learned, a tax plan that sells in a Republican primary can be a general election liability. Have 2016 candidates learned his lesson?...
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Republican Presidential Candidates Rally Around Flat Tax

In an effort to get attention, some hopefuls have spoken of their support for a single tax rate for everyone, but that talk isn’t expected to last b...
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Do you owe taxes on your college aid?

Scholarships, grants and fellowships make paying for college much easier. And having some of your student loans forgiven can be a great relief. But in...
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Record 1,335 Americans give up their passports

Hasta la vista, Uncle Sam! A record 1,335 Americans gave up their passports in the first three months of the year....
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Tax Documents: What to Shred, and What to Keep

Tax returns and divorce decrees may be useful to keep for a lifetime, but many financial documents can be stored on a flash drive, or even destroyed....
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Getting married? Get ready for a new tax bill

The financial costs and perks of getting hitched aren't limited to weddings. Your new marital status will be a factor when you file your taxes. For so...
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Plaxico Burress Indicted in New Jersey on Tax Charges

Burress, a former N.F.L. receiver, was charged last week with willful failure to pay a state tax and issuing a bad check or electronic funds transfer....
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Beware the I.R.S.’s Speeded-Up Audit

Budget cuts mean taxpayers are being deprived of their rights....
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Obamacare took $729 bite out of tax refunds - H&R Block

A majority of H&R Block clients who had received federal help to pay for their health insurance in 2014 saw their tax refunds reduced. Why? They had u...
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This country has zero income tax for most workers

New data from the OECD shows the average worker in India pays no income tax and doesn't have to make any social security contributions....
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She mines popular memes for millions

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Why Americans Don’t Want to Soak the Rich

How you make sense of this seeming paradox of rising inequality and flat or declining support for redistribution depends on your ideological assumptio...
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Would You Let the I.R.S. Prepare Your Taxes?

The maker of the TurboTax tax preparation program opposes return-free filing, a system that might eliminate the use of its software....
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Tax Returns Show Cuomo’s Income Rose in 2014, Largely From Memoir Deal

Gov. Andrew M. Cuomo received a $376,667 payment for his book, which has sold only 3,000 hardcover copies. Mayor Bill de Blasio and his wife, Chirlane...
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Dirty tax secrets: The little lies we tell on our taxes

Boosting a number here, reducing a number there. Whether inadvertently or intentionally, a lot of us may end up reporting a little bit of fiction on o...
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What happens when you can't pay what you owe the IRS

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When Taxes Aren’t a Drag

Low-wage workers with kids know that tax season brings a huge boost....
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Obamas’ Tax Return Shows Most Income Is From Salary

The tax return showed that President Obama, who in 2008 and 2009 received $8.1 million from his two autobiographies, last year earned most of his mone...
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The Obamas paid $93,362 in federal income taxes

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