Tax News
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income....
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He Was Once a Covert Taliban Operative. Now He’s the Friendly Taxman.
Abdul Qahar Ghorbandi, head of Afghanistan’s Taxpayers Services Directorate, has the hard job of raising money in an impoverished country hobbled by...
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Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeare...
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When It Comes to Tariffs, Trump Can’t Have It All
The president has promised big results, from raising revenue to reviving domestic manufacturing. But many of his goals undermine one another....
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What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers
How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems....
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GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor
The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor....
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Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake.
The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more....
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Did You Sell Concert Tickets or Clothes? You May Owe Taxes
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says....
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Adams Went to Albany to Ask for Funding. He Ended Up in the Hot Seat.
Some lawmakers, including two who are facing the mayor in the June Democratic primary in New York City, challenged his credibility and accomplishments...
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Trump Takes Victory Lap in Las Vegas With Speech on Ending Taxes on Tips
The president reiterated a pledge to end taxes on tips, but the message was an afterthought as the president celebrated his blitz of orders in his fir...
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Enjoy your tax cuts while they last
The GOP tax plan will give many households tax cuts in the first several years. But those cuts will expire and a key provision will raise many people'...
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How much you'd pay under GOP tax plan depends on many factors
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New tax code will still be complicated despite GOP promise to simplify
Republicans said their plan would make taxes easy to prepare, and indeed the final bill gets points for some simplification. But the whole story, like...
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GOP tax bill: Here's what people are saying
The vast majority of statements from business, advocacy and trade groups have major concerns with the 1,000-page bill....
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Tax bill and your tuition: Here's what to expect
GOP leaders have agreed to save the student loan interest deduction and keep tuition waivers for graduate students tax-free....
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Attention, teachers: You can keep your deduction for classroom supplies
Currently, teachers can deduct up to $250 for classroom materials from their taxable income. That won't change....
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How tax reform could hinder innovation in the U.S.
By failing to repeal the alternative minimum tax in their tax reform bill, Senate Republicans inadvertently undermined the research and development ta...
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How the GOP tax bills hurt undocumented immigrants
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13 ways the tax bills would affect people: Senate and House differ on key points
You'll be hearing a lot in coming days about the differences between the Senate and House tax bills. Here's your guide....
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Here's what's in the Senate tax bill - and how it differs from the House's bill
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