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PublishedJune 21, 2024
Democrats’ plan to tax the rich and corporations begins to take shape
Pressure is already mounting from the party’s left flank to insist on sharp increases in the corporate tax rate and on the highest individual earners – and not to agree to any compromise with Republicans otherwise.
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PublishedJune 9, 2024
Republicans pitch tax cuts for corporations, the wealthy in 2025
Corporate tax breaks under consideration could expand the national debt by roughly $1 trillion over the next decade, according to researchers.
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PublishedMay 30, 2024
IRS makes free Direct File tax return program permanent, asks all states to join for 2025
This tax season, more than 140,000 taxpayers in 12 eligible states made use of Direct File.
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PublishedMay 12, 2024
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
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PublishedMay 10, 2024
Your tax refund could be bigger this year. Here’s what to do with it.
Experts generally advise putting it toward debt and savings, but, for many people, that's unrealistic.
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PublishedApril 26, 2024
Mills vetoes bill restructuring income tax brackets
The bill aimed to reduce the tax burden for middle-income residents while also raising taxes on the wealthy, but Gov. Janet Mills said it would not provide meaningful relief and could create challenges for state budgeting.
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PublishedApril 12, 2024
Maine lawmakers endorse higher tax brackets for wealthier residents
Both the House and Senate this week passed a bill that lowers state income taxes for low- and middle-wage earners.
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PublishedApril 9, 2024
Tax Day 2024: What to know about deadlines, extensions, refunds and more
Millions of people will file their taxes during the final week before the April 15 deadline.
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PublishedMarch 27, 2024
Democrats look for new ways to tax the super-rich
Earlier this month, President Biden unveiled a budget plan that proposes to raise more than $4.5 trillion in new taxes over the next decade, largely by targeting corporations.
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PublishedMarch 25, 2024
The IRS has 940,000 unclaimed tax refunds from 2020. Is one of them yours?
People in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
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