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The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes for two years.
Nearly 100 Fortune 500 companies effectively paid no federal taxes in 2018, according to a new report.
Whether you’re resolving to cut your 2020 tax bill or save more for retirement in the new year, it’s time to start planning.
Robert Frank reports on tax proposals where it will hit billionaires and millions more who make a lot less.
Robert Frank reports on the nation’s tax gap and how it may help the government collect one trillion dollars more in tax revenue.
Jeff Bezos out $107 billion. Warren Buffett short $77 billion.
That’s how much the net worth of each man would have been cut since the 1980s if Sen. Bernie Sanders’ tax policy had been adopted at the time, according to two University of California economists who study the growing concentration of wealth in the U.S.
Get out your pencils and calculators: The IRS has released a breakdown of what’s ahead for the 2020 tax year.
You can stash pre-tax or tax-deductible cash in your health savings account and have the money accumulate free of taxes. Withdrawals for qualified medical costs are tax-free.
A federal appeals court ruled Monday that President Donald Trump’s tax returns must be turned over to a state grand jury.
Elizabeth Warren called for a doubling of her proposed billionaire wealth tax as part of a new “Medicare for All” proposal, from 3% to 6% on wealth over 10 figures.
President Donald Trump’s tax cuts may not have had the stimulating effect he promised, according to government data released Wednesday.
A lawyer for President Donald Trump on Wednesday argued to a federal appeals court that a subpoena for information to Trump’s accountants — including a demand for his personal and corporate tax returns — issued by a grand jury at the behest of the Manhattan District Attorney’s Office is “an inappropriate fishing expedition.”
Presidential hopeful Sen. Elizabeth Warren on Monday released an education plan that aims to quadruple public education funding with a focus on allocating more resources to lower-income students and increasing teacher pay.
Democratic presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%.
Robert Frank digs through the numbers and reports on how much the wealthy are paying for taxes.