income taxes

Students Kate Shulenberger (left) and Sarah Goodman on the Massachusetts Institute of Technology's Graduate Student Council plan a "call your congressman" event on campus.

Grad Students Would Be Hit By Massive Tax Hike Under House GOP Plan

8:39pm November 14, 2017

The plan would raise taxes on graduate students, who make very little money to begin with. Analysts say the provision could discourage students from seeking advanced degrees, hurting economic growth.

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House Speaker Paul Ryan talks about the GOP tax bill during a news conference at the U.S. Capitol on Tuesday.

Politics & Government

GOP Tax Bill Could Pass The House By Next Week

6:11pm November 07, 2017

by Kelsey Snell

A committee vote is expected this week that would send the bill to the full House for a vote. Meanwhile, Senate Republicans are releasing their version of tax legislation in the coming days.

People who lacked health insurance for more than three consecutive months in 2016, or who bought individual insurance and got federal help paying the premiums, will need to do a little work to figure out what, if anything, they owe the IRS.

Tax Day And Health Insurance Under Trump

10:40am April 15, 2017

by Julie Rovner

To avoid penalties, people who didn't have health insurance in 2016 or who got federal assistance to pay the premiums need to take a little extra care when completing their tax forms this year.

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President Trump, during his campaign, and House Speaker Paul Ryan have proposed reducing the number of tax brackets and lowering corporate tax rates.

What We Know About The Trump, House GOP Tax Plans So Far

5:01am February 28, 2017

by John Ydstie

Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress. A tax on imports may also be on the table.

Donald Trump leaves an elevator at Trump Tower in New York City, just prior to delivering a speech in September that outlined his plan for tax reform.

Who Benefits From Donald Trump's Tax Plan?

11:06am November 13, 2016

by John Ydstie

The plan laid out by the president-elect is detailed — but different from what he promised during the campaign. His economic team says it will boost the middle class; several experts beg to differ.

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New Clinton Child Tax Credit Could Help Low-Income Parents, But Cost Is $200 Billion

7:04pm October 11, 2016

by Marilyn Geewax

The Democrat wants to double the credit for parents of children 4 and under. It would be paid for by a tax on Wall Street, the wealthy, corporations. Trump's tax plan would most benefit the wealthy.

Donald Trump poses for photos outside the New York Stock Exchange in June 1995.

Trump's Financial Moves In The '90s: 'Genius' Or 'Colossal Failure'?

7:59am October 03, 2016

by Marilyn Geewax

The 1990-91 recession was catastrophic for Donald Trump's empire. A tax document published by The New York Times shows as late as 1995, he was reporting an annual loss of $916 million. What happened?

Supreme Court Calls Maryland Income Tax Law 'A Tariff'

3:40pm May 18, 2015

by Bill Chappell

The court says Maryland unconstitutionally raised the cost of doing business in more than one state, by letting local governments tax money that was earned — and taxed — in other states.

Economy

NC Taxpayers Seeing Less Money Back

6:12am April 13, 2015

by Michael Burke

The North Carolina income tax filing deadline is Wednesday. The recent tax law changes have reduced refunds for many taxpayers.

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Economy

Don't File Late. Get an Extension.

9:25am April 15, 2014

Most people say they are not sweating the April 15 tax deadline.