Tax News

Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S.

The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees....
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Trump Administration Prepares to Ask Tax Filers if They Are U.S. Citizens

The new question, included on a draft version of the primary tax form, comes as part of an anti-immigrant turn at an agency that long prioritized tax ...
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Washington Taxed Its Millionaires. Now the Rich Want It Repealed.

Washington State voters will get a chance to accept or reject the 9.9 percent income tax on millionaires approved by the Legislature, which broke the ...
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5 Things to Know About Mike Mazzei, Oklahoma G.O.P. Candidate for Governor

The former state senator, who was endorsed by President Trump, spent millions of dollars of his own money on the race....
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Moving to Florida After Retirement: Is It Worth It?

Tax benefits are only one of the factors to consider as you make your choice....
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Will Wisconsin Voters Think Francesca Hong Is Too Radical? Here’s Where She Stands.

The democratic socialist is the front-runner to win the Democratic primary for governor of Wisconsin on Tuesday....
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California Democrats Want to Tax Billionaires. They Can’t Agree on How.

Leaders of the state Democratic Party endorsed the ballot measure slated for November, but the party remains far from united on the issue as Democrats...
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Gavin Newsom and His Wife Made $1.4 Million in 2024, Tax Returns Show

The taxable income of California’s governor and his wife, Jennifer Siebel Newsom, exceeded $1 million a year from 2021 to 2024....
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More Than One Way to Fix Social Security

Readers respond to two guest essays about how to cover the shortfall in the program’s funding before it’s too late....
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Things That Drive Us Crazy About Money in America

For all that’s good about our financial lives, there are distinctly American things that are decidedly suboptimal. Please, can the 1040 fit on a pos...
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Enjoy your tax cuts while they last

The GOP tax plan will give many households tax cuts in the first several years. But those cuts will expire and a key provision will raise many people'...
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New tax code will still be complicated despite GOP promise to simplify

Republicans said their plan would make taxes easy to prepare, and indeed the final bill gets points for some simplification. But the whole story, like...
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GOP tax bill: Here's what people are saying

The vast majority of statements from business, advocacy and trade groups have major concerns with the 1,000-page bill....
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Tax bill and your tuition: Here's what to expect

GOP leaders have agreed to save the student loan interest deduction and keep tuition waivers for graduate students tax-free....
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Attention, teachers: You can keep your deduction for classroom supplies

Currently, teachers can deduct up to $250 for classroom materials from their taxable income. That won't change....
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How tax reform could hinder innovation in the U.S.

By failing to repeal the alternative minimum tax in their tax reform bill, Senate Republicans inadvertently undermined the research and development ta...
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How the GOP tax bills hurt undocumented immigrants

Read full story for latest details....
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13 ways the tax bills would affect people: Senate and House differ on key points

You'll be hearing a lot in coming days about the differences between the Senate and House tax bills. Here's your guide....
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