Tax News

Delinquent IRS employees paid bonuses by the agency

The IRS is in damage control mode Tuesday after an audit revealed that it paid bonuses to employees who were in trouble over tax issues themselves....
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$100,000 income: 3 very different tax bills

Read full story for latest details....
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Merely Rich and Superrich: The Tax Gap Is Narrowing

The wealthy face tax increases that are greater for investment income, much of which goes to the superrich....
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'A scammer stole my tax refund'

Pamela Knighton, a 51-year-old social worker from Cuthbert, Ga. who earns less than $25,000 a year, had been really looking forward to her $4,300 tax ...
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Talk About Income Inequality: De Blasio Is No Bloomberg, Tax Returns Confirm

Newly released documents revealed the stark contrast between Mayor Bill de Blasio and his billionaire predecessor, Michael R. Bloomberg, as well as Go...
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California: Ex-City Manager Sentenced to 33 Months in First of Two Cases

The man the authorities say masterminded a scheme that fleeced the Los Angeles suburb of Bell out of millions of dollars was sentenced to 33 months in...
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Tax Preparers’ New Role: Health-Coverage Advisers

As tax professionals help with tax returns, they are also offering advice on costs of premiums and potential fines under the Affordable Care Act....
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'How I'm using my tax refund'

From paying off student loans to hosting a crawfish boil in New Orleans, here's how six people are using this year's tax refund from the IRS....
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IRS: File your taxes now, ignore Heartbleed bug

Millions of people are filing their taxes just as governments grapple with Heartbleed, the worst privacy-killing Internet bug ever....
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Treasury Auctions for the Week of April 14

The following tax-exempt, fixed-income issues are scheduled for pricing this week....
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Owed a refund? There's no penalty for filing late

If you're owed a refund, you won't be hit by penalties if you file your taxes late....
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Better Insurance Against Inequality

The tax system could be tweaked to respond whenever the income gap widens....
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Total Taxes on Wages Are Rising

The Organization for Economic Cooperation and Development reports that the average tax on wage income is climbing in many countries....
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Tax Returns Show Drop in Obamas’ Earnings

President Obama and Michelle Obama paid a total of $98,169, with a 2013 adjusted gross income of $481,098, a sharp decrease since most of Mr. Obama’...
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Obamas' income drops 21% to $481,098

Like a lot of high-income Americans, the Obamas were subject to an additional Medicare tax to help pay for the president's signature health reform law...
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Highest state and local sales taxes

What you pay when you check out at the store counter....
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See which states have estates taxes

In some states, heirs pay taxes on top of the federal estate tax...
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How Washington spends your taxes

Your tax preparation software may tell you how much you owe in federal income taxes for 2013, but it won't tell you how your money is spent by the fed...
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The real story behind the $3 tax checkoff box

For decades, taxpayers have had the option of checking off a box on their tax returns to earmark money for the Presidential Election Campaign Fund....
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Tax Revenue Rockets Up, Helping Lessen the Deficit, Treasury Department Says

In March, the Treasury collected $216 billion in taxes, up 16 percent from a year ago, helping reduce the deficit for March to $37 billion....
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