Latest in Senate Republicas propose bills to kill EV tax credit, add road repairs tax
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Senate Republicas propose bills to kill EV tax credit, add road repairs tax
Senate Republicans introduced a pair of bills on Wednesday aiming to strip the country of its electric vehicle (EV) tax credits and instead replace it with an obligatory $1,000 tax payment to be ...The Hill - 6d -
New brackets, deductions and credits for taxes
It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has ...CBS News - Feb. 11 -
Senate Republicans say they won't support tax bill that doesn't make Trump cuts permanent
Senate Majority Leader John Thune (R-S.D.) and other top Republican senators vowed to only vote for a permanent, rather than temporary, extension of President Trump's 2017 tax cuts, throwing a ...The Hill - Feb. 13 -
Prominent Cryptocurrency Investor Faces Senate Tax Inquiry
The Finance Committee’s top Democrat sent a letter last month to Dan Morehead, the founder of Pantera Capital, about the investigation.The New York Times - 5d -
1 in 5 taxpayers are missing out on thousands with this tax credit
The IRS estimates one in five eligible taxpayers don't claim the earned income tax credit on their tax returns, missing out on thousands of dollars.The Hill - Feb. 10 -
Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
A Nevada business owner prepared and filed false tax returns to fraudulently obtain Covid relief money for her businesses and others, prosecutors said.The New York Times - 5d -
A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC
The IRS estimates that a fifth of eligible taxpayers fail to take advantage of the tax break each year.The Hill - Feb. 8 -
To pay for Trump's tax cuts, House Republicans could raise student loan bills for millions of borrowers
As House Republicans look for ways to cut spending to fund President Trump's tax cuts, they've floated plans that may raise student loan bills for millions.CNBC - Feb. 10 -
House Republicans could raise student loan bills to pay for Trump's tax cuts
As House Republicans look for ways to slash spending to fund President Donald Trump’s tax cuts, they’ve floated proposals that could raise federal student loan bills for millions of borrowers.NBC News - Feb. 10 -
As Trump, GOP grow leery of Medicaid cuts, here’s who may foot tax-cut bill
Congressional Republicans and President Donald Trump are hurtling toward a collision over tax reform, exposing a growing ideological rift over healthcare spending that could threaten the ...MarketWatch - 21h -
Schools describe 'astronomical' bills as 25-year repair contract breaks down
What happens next has implications for the expiry of almost 600 similar PFI deals across England.BBC News - Feb. 12 -
Tax tips for remote workers
If you're still working from home, you might be looking into some home office deductions as you prepare your taxes. Money and personal finance reporter Medora Lee joined CBS News to discuss those ...CBS News - 2d -
Home equity loan tax deductions: What to remember this tax season
A home equity loan has important tax benefits that users should remember this filing season. Here's what to know.CBS News - Feb. 11 -
Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.Wired - Feb. 6 -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - Feb. 8 -
How do tax extensions work?
It's important to understand what a tax extension does and doesn't do or you could end up making costly mistakes.CBS News - Feb. 11 -
Does bankruptcy clear tax debt?
Clearing your IRS tax debt by filing for bankruptcy may not be as simple as you think.CBS News - Feb. 12 -
Mixed-Use Vehicles And Your Taxes
For vehicles that are used for both business and personal reasons, it’s important to have the details right.Inc. - 4d -
Tax season: How to file for free
Here are some options to file your taxes for free in 2025 before the April 15 deadline.The Hill - 3d -
What are the requirements for IRS tax forgiveness?
The IRS could forgive a portion of your tax debt, but only if you meet certain requirements. Here's what they are.CBS News - 1d -
Inside the House GOP clash over tax cuts
Hardliners are squaring off against their top tax writer as Republicans try to assemble a package President Donald Trump's priorities.Politico - Feb. 9 -
Hundreds of tractors block Westminster in inheritance tax protest
Farmers from across the UK protesting in London against changes to inheritance tax.BBC News - Feb. 10 -
There will be no exemptions to new tax on metals, says Trump
The move threatens to have a big impact in Canada, a major source of the metals in the US.BBC News - Feb. 11 -
Don’t let the loophole lobby decide the tax debate
Republicans took one step forward during the 2017 reforms, and this is their chance to avoid taking two steps back.The Hill - 6d -
5 Ways to Make Tax Season Easier
Avoid common tax season pitfalls with these expert strategies to streamline communication, stay organized, and stress less.Inc. - 5d -
HMRC ditches crackdown on private equity tax
UK tax authority rows back on changes to whether limited liability partners can be seen as employeesFinancial Times - 2d -
Labour will have to ditch tax pledges sooner or later
Spending cuts to fund increased defence spending will not impress UK voters and something will have to giveFinancial Times - 2d -
UK Treasury rejects farmers’ inheritance tax compromise
Government will not back down on reforms outlined in Budget, industry told during meeting with officialsFinancial Times - 2d -
It’s time for Americans to withhold their taxes | Judith Levine
The point is not to deprive the government of funds. It’s to expose the regime’s criminality. Political power boils down to two things: votes and money. But when money buys presidents, senators and ...The Guardian - 3h -
Missouri bill proposes registry for pregnant women to 'reduce preventable abortions'
The list is meant to help "reduce the number of preventable abortions."The Hill - 1d -
How much should you pay to do your taxes? Maybe nothing — if you qualify for free tax prep.
Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free. The IRS also has two different free filing options equipped for these ...MarketWatch - Feb. 8 -
Tennessee governor proposes another $1B toward roads amid a $30B project backlog
Tennessee Gov. Bill Lee is proposing an injection of more than $1 billion into road projects to address the state’s $30 billion projects backlogABC News - Feb. 10 -
House GOP to move forward with budget plan as Senate pursues competing proposal
Speaker Mike Johnson said House GOP expects to move forward on budget plan this week that lays foundation for approving Trump's agenda.CBS News - Feb. 11 -
Speaker Johnson on timeline for budget plan as Senate Republicans move on own proposal
House Speaker Mike Johnson says a blueprint for his budget package can be expected Thursday, but Senate Republicans are working on their proposal that may put members of the same party at odds. CBS ...CBS News - Feb. 11 -
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.The New York Times - Feb. 7 -
Poor customer service hitting trust in UK tax authority
Both individuals and most businesses have lost faith in HMRC, spending watchdog findsFinancial Times - Feb. 10 -
Tax season 2025: All the deadlines taxpayers should know
Taxpayers should be aware of the deadlines for this year's tax season to avoid extra fees and penalties.CBS News - Feb. 10 -
How long does the IRS give you to pay your taxes?
If you think you'll owe money to the IRS for last year's taxes, here's how long you have to pay what's owed.CBS News - Feb. 10