Tax News

Tax Cuts for Small-Business Owners? It’s Complicated

The House bill may seem like a tax cut for small businesses, but it is not likely to bring much relief to many business owners....
Read More >

Who Really Gets a Tax Increase if the Individual Mandate Goes Away?

On government tables, it looks as if it’s low-income people. But the real losers would be higher up the income scale....
Read More >

Senate Plan Would Raise Taxes on the Poor, a Report Says

The nonpartisan congressional Joint Committee on Taxation said an amended Senate tax bill would effectively raise taxes on low-income Americans by 202...
Read More >

The House and Senate Still Have Very Different Tax Bills. Here’s How They Compare.

The House tax bill, which passed on Thursday, is different in some significant ways from the Senate bill, which must still be voted on....
Read More >

Who’d Gain From an Estate Tax Rollback: The 0.2 Percenters

Scarcely 5,000 estates a year fall under the tax, but those seeking to reduce or eliminate it have outsize influence....
Read More >

How to Fix the Republican Tax Plan

Soak well-off blue staters, but then spread the wealth around....
Read More >

The G.O.P.’s 20th-Century Tax Plan

The Republican proposals promise a needed update, but instead will just leave America in the past....
Read More >

Lower Corporate Taxes, Higher Wages? Voters Are Skeptical

A new survey suggests that Americans are skeptical of Republican claims that cutting corporate taxes would lead to higher wages for workers....
Read More >

Considering the Cost of Lower Taxes

The American aversion to taxes is singular among wealthy nations and may have produced a government unequal to today’s economic and social challenge...
Read More >

Haste on Tax Measures May Leave a Trail of Loopholes

When moving a bill at breakneck speed, one law that cannot be repealed is the law of unintended consequences, as corporate tax provisions may prove....
Read More >

House tax bill would scrap deduction for medical expenses

The tax bill unveiled in the House on Thursday would eliminate a decades-old deduction for people with very high medical costs....
Read More >

Trump promises tax reform won't impact 401(k) plans

Read full story for latest details....
Read More >

Trump's tax plan isn't as big of a threat to H&R Block as he says

President Trump thinks his tax plan will be so simple that some taxpayers will be able to do away with their accountants altogether. But so far, tax p...
Read More >

3 smart ways for investors to cut their taxes

Read full story for latest details....
Read More >

How tax reform could change your 401(k) tax break

Several people in the retirement savings industry fear that lawmakers will choose to "Rothify" some or all of employees' 401(k) contributions....
Read More >

Big Oil wants to tax itself and give cash to Americans

Big Oil is proposing a revolutionary new tax to combat climate change that would pay money directly to American families....
Read More >

TRUMP Act would put Trump's NYS tax returns online

New York legislation would reveal Trump's state tax returns....
Read More >

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....
Read More >

5 last-minute tax tips you need to know now

As you come down to the wire, make sure you follow these simple rules....
Read More >

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 ...
Read More >