Taxes
- U.S. News
IRS will lay off thousands of probationary workers in the middle of tax season
The IRS will lay off thousands of probationary workers in the middle of tax season, according to two sources familiar…
Read More » - U.S. News
Exclusive | Rep. Nicole Malliotakis floats new tax cuts for seniors in pair of bills
Staten Island Rep. Nicole Malliotakis floated a pair of bills Monday that would give elderly Americans deeper tax cuts, The…
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House Republicans mull changes to student loan programs
As Republicans in Congress look for ways to slash spending, some legislators are floating new taxes on college scholarships, an…
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Trump wants to close the carried interest tax loophole, a longtime target of Democrats
President Trump is proposing to eliminate a tax loophole that’s also a long-time target of some Democratic lawmakers. Mr. Trump…
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The IRS wants to spend billions on “enforcement.” Here’s who is most likely to get audited.
One of the most gut-tightening phrases for taxpayers is “IRS audit,” but years of underfunding and a decline in staffing…
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With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of…
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Democrats want to close a “stain” of a tax break. Some say it’s not enough.
The “carried-interest” tax loophole is a provision that seems to be loved only by those who enjoy its benefits: Private-equity…
Read More » - Entrepreneurs
These midyear tax strategies can trim next year’s bill from the IRS and reduce ‘unwelcome surprises’
seksan Mongkhonkhamsao | Moment | Getty Images 1. Review tax withholdings When starting a new job, you fill out Form…
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Retirement tax breaks benefit higher earners, leaving middle-class savers behind, report finds
Fstop123 | E+ | Getty Images Tax breaks designed to boost retirement savings may primarily benefit higher earners, leaving middle-class…
Read More » - Entrepreneurs
Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has…
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