More than 160,000 Mainers in line for jobless-benefit tax break

taxes

Published
April 13, 2021

More than 160,000 Mainers in line for jobless-benefit tax break

Tens of thousands of people who received unemployment payments last year could get a state income tax exemption up to $10,200.
Published
April 7, 2021

Biden open to compromise, but not inaction, on infrastructure plan

Sen. Joe Manchin of West Virginia, a key Democratic vote, came out Wednesday against the budget reconciliation process, which would allow Democrats to push the bill through the Senate with just a 51-vote majority.
Published
March 18, 2021

Maine extends state income tax deadline to May 17

The change aligns with the federal government’s extension of the federal income tax filing and payment deadline.
Published
March 17, 2021

IRS extends tax filing deadline to May 17

The move provides more breathing room for taxpayers and the Internal Revenue Service alike to cope with changes brought on by the pandemic.
Published
March 17, 2021

IRS pushes filing deadline to May 17 as agency grapples with backlog of returns

Lawmakers fear that long-unresolved troubles at the Internal Revenue Service could undercut the Biden administration’s new economic recovery efforts.
Published
March 9, 2021

As tax deadlines approach, Maine accountants calculate uncertainties

State and federal guidelines concerning treatment of forgiven pandemic relief loans and unemployment income still need clarification, prompting tax preparers to delay filing.
Published
February 22, 2021

Supreme Court won’t stop turnover of Trump’s tax records to prosecutor

The high court’s action is a blow to Trump because he has for so long fought on so many fronts to keep his tax records shielded from view.
Published
February 16, 2021

Maine experts laud IRS decision to offer PIN security to all taxpayers

“(Stolen identity) information is being sold, resold and misused. Bottom line, there’s no longer any such thing as being overly cautious.” — Maine credit protection expert Will Lund.
Published
February 15, 2021

Here’s what you need to know to get a PIN from the IRS this tax season

Maine tax officials say there's no such thing as being overly cautious.
Published
January 27, 2021

Potential tax on Paycheck Protection Program loans leaves businesses nervous

Under Gov. Janet Mills's budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.