LAS VEGAS (AP) — Gov. Steve Sisolak says Nevada school funds are safe, no matter what happens with a lawsuit by Senate Republicans challenging the constitutionality of extending a state payroll tax.
The IRS says it is reviewing concerns about its Free File program after ProPublica reporting found that tax-prep companies made it difficult to find the program.
The agency's budget has been cut sharply over the past decade. That means fewer audits. The Trump administration says those cuts may have gone too far and it's seeking more money for tax enforcement.
President Trump has refused to release his tax returns. Many Democrats are using that against him, as they reveal their own personal wealth and financial interests.
Tax refunds so far have been smaller than last year's. Some taxpayers kept a bigger share of their income, but for others it reflects an overhaul that rewarded high earners the most.
Voters in Oregon and Washington will decide Tuesday whether to strip cities of their ability to tax sugary drinks, thanks to ballot initiatives backed by Big Soda.
Because of a "high volume technical issue" that kept key services from functioning, the Internal Revenue Service will give taxpayers one more day, till midnight Wednesday, to get their paperwork in.
The IRS estimates that more than $65 million has been lost to phone tax scammers in the last five years. The calls are most common during tax season in March and April.
In many states, menstrual products are subject to a sales tax whereas items like ChapStick are not. It's just one example of women paying a premium, known as the "pink tax," for various products.
Justices issued a potentially far-reaching decision Wednesday making it harder for the federal government to prosecute obstruction of IRS enforcement of the tax code.
In an interview with NPR, the House speaker said the tax bill was "designed" as a middle-class tax cut. But in reality, at its core, it is a corporate tax cut.
A cut in the Senate's version of the tax bill would save alcohol producers $4.2 billion. But it probably won't lower the cost of beer, says one brewer who wants to use the money to expand.
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 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, 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.
