taxes

House Speaker Paul Ryan, R-Wisc., announces the outlines of a GOP overhaul of the tax code in September. The full bill's release is being delayed to Thursday.

Tax Bill Delayed As GOP Divisions On Eliminating Tax Breaks Persist

10:10pm October 31, 2017

by Kelsey Snell

A House GOP bill to rewrite the tax code was going to be released on Wednesday, and is now expected on Thursday. The hold up could threaten plans to get it signed into law by year's end.

People hoping to get health insurance coverage in 2018 may need to make sure their 2017 premiums are paid.

If You're Shopping For Health Insurance, Make Sure You're Paid Up On Old Plan

3:58pm October 31, 2017

by Michelle Andrews

People hoping to get federally subsidized coverage on the marketplaces should make sure their 2017 premiums are paid and that they filed the correct documents with their 2016 taxes.

In 2012, Republican Gov. Sam Brownback of Kansas pushed reforms through the Legislature that included across-the-board income tax reductions. But rather than boosting the economy, the cuts caused revenues to plummet. Lawmakers now seek to close a $900 mil

As Trump Proposes Tax Cuts, Kansas Deals With Aftermath Of Experiment

5:28pm October 25, 2017

by Samantha Raphelson

In 2012, the Kansas government passed massive tax cuts, which Republican Gov. Sam Brownback promised would deliver "a shot of adrenaline" to the economy. But the experiment did the exact opposite.

Analysis Projects Possible $1B Gap; GOP Says It Won't Happen

11:15am July 11, 2017

by Neal Charnoff

A report says the new North Carolina state budget could contribute to $1 billion in annual shortfalls by 2020.

The Chrysler Building is reflected in the side of the Grand Hyatt Hotel in midtown Manhattan. The hotel on East 42nd Street was Donald Trump's first major development project.

As Trump Built His Real Estate Empire, Tax Breaks Played A Pivotal Role

8:51pm May 18, 2017

by Jim Zarroli

President Trump says he wants to simplify the tax code, but his own record as a real estate developer suggests he's not above taking advantage of a good property tax abatement.

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Treasury Secretary Steven Mnuchin briefs reporters on President Trump's tax plan at the White House on April 26.

Trump's Tax Plan Renews Anxieties About Deficits And The Debt

3:38pm May 15, 2017

by John Ydstie

One hurdle for President Trump's proposed tax cuts is the threat that they'll produce large budget deficits and balloon the U.S. debt. Prominent Republicans are already expressing great concern.

Economy

Credit Suisse Gets $40 Million In Tax Breaks, Adds 1,200 Jobs In NC

1:50pm May 09, 2017

by Emery P. Dalesio & Christina Sandidge, Associated Press

Credit Suisse is adding 1,200 jobs at its technology hub in North Carolina, which approved more than $40 million in tax breaks on Tuesday to lure the jobs away from the New York City area.

A statue of former Treasury Secretary Albert Gallatin stands guard outside the Treasury Building in Washington. Trump's campaign plans for a total overhaul of the U.S. tax code — while maintaining the revenues flowing into the federal government — may

Some Tax-Cut Backers Urge Trump To Drop Full Overhaul, Go For Quick Win

10:07am April 20, 2017

by John Ydstie

Nearly 100 days into Trump's presidency, there are still big questions about what his proposed tax overhaul will include — and whether the large changes he had envisioned are even possible.

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There are signs that fewer immigrants in the U.S. illegally are filing taxes than in previous years.

Tax Filings Seen Dipping Amid Trump Crackdown On Illegal Immigration

1:49pm April 17, 2017

by Richard Gonzales

Last year nearly 4.5 million people without Social Security numbers filed federal tax returns. Many were in the U.S. illegally. But there are signs that fewer such immigrants are filing this year.

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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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