taxes Archives - Lewiston Sun Journal

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Taxes

Published
April 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.
Published
April 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.
Published
April 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.
Published
March 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.
Published
March 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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Published
March 4, 2024

The IRS’s new free site for tax filing is now up and running

Maine is not among the 12 states where the system is accessible, however.
Published
February 25, 2024

Gov. Mills proposes exempting all Maine nonprofits from sales tax

The change, which would cost the state about $10 million annually, is necessary to simplify the tax code and reduce confusion, officials say.
Published
February 6, 2024

IRS to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding

Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act.
Published
February 6, 2024

IRS: Fund us, and we’ll collect hundreds of billions from tax cheaters

Biden administration officials say economic research shows they’ll avert hundreds of billions of dollars of tax evasion by funding the agency.
Published
January 24, 2024

State web portal now open for filing Maine personal income tax returns

Maine Revenue Services is offering free webinars for individuals and tax professionals on how to use the online portal to file, pay and manage state income tax returns.