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Tax News

Trump's tax plan isn't as big of a threat to H&R Block as he says

President Trump thinks his tax plan will be so simple that some taxpayers will be able to do away with their accountants altogether. But so far, tax p...
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I.M.F. Cautions Against Tax Cuts for Wealthy as Republicans Consider Them

The International Monetary Fund said global leaders need to address income inequality or risk undermining economic growth....
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Kansas Tried a Tax Plan Similar to Trump’s. It Failed.

The state’s experiment with tax cuts on so-called pass-through entities did not heat up its economy — but did help some very rich people....
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Tax Reform That Doesn’t Bust the Budget? I’ve Got a Few Ideas

The White House has highlighted the benefits of its proposed tax cuts, while leaving it to Congress to find revenue to pay for them. Three basic moves...
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Tax Cuts, Sold as Fuel for Growth, Widen Gap Between Rich and Poor

New research undermines the contention since the 1970s that lower rates stimulate the economy. What they seem to do instead is increase inequality....
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Republicans Won’t Rule Out Tax Hikes for Some in the Middle Class

Top officials acknowledged this weekend that a tax cut for everyone in the middle class may not be achievable....
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Republican Tax Cut Would Benefit Wealthy and Corporations Most, Report Finds

The first detailed assessment of the tax plan found that the average tax bill would fall by $1,600, or 2.1 percent, in 2018. But the biggest drop woul...
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Lobbyists Rally to Save Tax Breaks Under Threat in Trump Plan

Less than 24 hours after Republicans unveiled a sweeping plan to rewrite the tax code, Washington lobbyists are already jockeying to protect valuable ...
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A Boondoggle Masquerading as Tax Reform

The proposals outlined by President Trump and congressional leaders depend on the discredited notion that tax cuts for the rich will help everyone....
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Trump Misleads on Who Benefits From Tax Plan

President Trump claimed his tax plan will help small business owners and farmers, but not himself or the wealthy. That’s not quite right....
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Tax Plan Punts on a Loophole for the Wealthy

There’s no easy way to keep the “pass-through” provision from being used for tax avoidance....
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3 smart ways for investors to cut their taxes

Read full story for latest details....
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How tax reform could change your 401(k) tax break

Several people in the retirement savings industry fear that lawmakers will choose to "Rothify" some or all of employees' 401(k) contributions....
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Big Oil wants to tax itself and give cash to Americans

Big Oil is proposing a revolutionary new tax to combat climate change that would pay money directly to American families....
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TRUMP Act would put Trump's NYS tax returns online

New York legislation would reveal Trump's state tax returns....
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Today is tax day. Here's what you need to know

Tax returns are due today -- April 18, 2017 -- as is any remaining money you owe to Uncle Sam for 2016....
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5 last-minute tax tips you need to know now

As you come down to the wire, make sure you follow these simple rules....
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Your taxes are not due on April 15. Here's why

You have until Tuesday, April 18 to file your federal taxes this year. That's because April 15 falls on a weekend, and Monday, April 17 happens to be ...
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What worries small businesses about tax reform

A new survey shows the No. 1 concern of small businesses about tax reform is that lawmakers will reduce their tax breaks without actually lowering the...
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Tax reform decoded: What you need to know

Discussions about overhauling the tax code will be peppered with tax and legislative jargon. Here are some key terms decoded....
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