Tax News
States’ Policies on Health Care Exclude Some of the Poorest
For millions of people below the poverty line, no assistance for health insurance will be available in states that have refused to expand Medicaid....
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"Overworked" IRS unit treated like a "stepsister"
The Internal Revenue Service group under fire for giving extra scrutiny to conservative groups was overworked, understaffed and lacked a layer of expe...
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Europe steps up fight against tax cheats
European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle ab...
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Federal workers under fire
The Internal Revenue Service scandal couldn't have come at a worse time for the nation's 2 million federal workers, who are desperate to end furloughs...
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The 'chicken poop' credit and other bad tax breaks
There are plenty of loopholes in the corporate tax code that savvy companies can take advantage of to lower their tax bills. CNNMoney asked four tax e...
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A Final Peek at Bloomberg’s Tax Returns
Next year, as a private citizen, Michael R. Bloomberg will presumably not disclose any part of his tax returns, so this year was the last chance for r...
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The Joys of No Income Tax, the Agonies of Other Kinds
A system without an income tax may be the envy of other state governments, but Texans themselves are not so sure that it should be....
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In Tax Overhaul Debate, Large vs. Small Companies
As large companies fight for a cut in the official corporate tax rate, small businesses fear they will pay for it....
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Depardieu, Newly a Russian, Will Play Frenchman in Chechnya
Gérard Depardieu, who renounced his French citizenship over high taxes, held a news conference in Grozny, the formerly war-torn Chechen capital, to a...
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Most outrageous tax cheats
From a restaurant owner who hid cash receipts in "seasoned octopus" boxes to a self-proclaimed governor of Alabama who buried gold coins in his yard, ...
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A Deduction Unevenly Used
A new report buttresses economists’ suspicions that high-income homeowners are the most likely to take advantage of the mortgage interest tax de...
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IRS to close for 5 days due to budget cuts
Forced budget cuts are taking another bite out of the tax collection agency's operations. In addition to longer waits on its helpline, the agency will...
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After Citizen Protests, Israel Approves Austerity Budget
A plan for higher taxes has prompted demonstrations reminiscent of those that rocked the country in 2011, when crowds protested the high cost of livin...
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Israel’s Austerity Budget Draws Citizen Protests
A plan for higher taxes has prompted demonstrations reminiscent of those that rocked the country in 2011, when crowds protested the high cost of livin...
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Where the mortgage deduction pays off
The mortgage interest deduction is one of the most expensive tax breaks on the books, but its benefits are distributed unevenly across the country, ac...
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Greek Crackdown on Tax Evasion Yields Little Revenue
Tax evasion lies at the heart of the Greek financial collapse, yet efforts to collect billions of euros in taxes from deadbeat residents have yielded ...
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How does your mortgage deduction compare?
In 2010, the average mortgage deduction among homeowners claiming it on their federal tax returns was $10,640. But the average deduction claimed in ea...
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