Latest in Tax
Sort by
83 items
-
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 -
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 -
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 -
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 - 4d -
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 -
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 -
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 -
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 -
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 -
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 -
Trump expresses confidence Democrats will help extend tax cuts
President Trump expressed confidence that Democrats will help Republicans extend his 2017-era tax cuts, despite the minority party showing no interest in helping with the president’s agenda. The ...The Hill - Feb. 11 -
Home office deduction: Here's who qualifies and how to claim it on your taxes
The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.CNBC - Feb. 11 -
Reeves faces cutting spending or raising taxes as UK growth disappoints
Chancellor’s fiscal headroom has been wiped out, according to preliminary forecasts by watchdogFinancial Times - Feb. 11 -
HMRC ‘vastly underestimating’ UK tax evasion, MPs say
Cross-party committee warns agency is not ‘sufficiently curious’ about scale of illegal practiceFinancial Times - Feb. 12 -
Republicans weigh ending Wall Street’s favorite tax break
Republicans are considering doing away with one of Wall Street’s favorite tax breaks at the encouragement of President Trump, one that has long enjoyed Republican support and that could put up yet ...The Hill - Feb. 12 -
House Republicans release budget plan, with trillions in tax and spending cuts
House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.CBS News - Feb. 12 -
Reform UK sets out plan to tax renewable energy
Deputy leader Richard Tice argues net-zero policies are to blame for higher energy bills in the UK.BBC News - Feb. 12 -
House GOP releases budget calling for trillions in cuts to taxes and spending
House Republicans released a budget resolution that calls for cutting taxes by up to $4.5 trillion and sets a goal of slashing federal spending by $2 trillion.NBC News - Feb. 13 -
What is the IRS three-year rule and how does it affect your taxes?
It may not be the most well-known IRS rule, but it can still have a significant impact on your tax situation.CBS News - 6d -
Rachel Reeves leaves door open to raising UK taxes next month
Poor economic data and flatlining growth are threatening to erode the chancellor’s £9.9bn margin of errorFinancial Times - 6d -
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 -
Trump’s tariffs and tax plans are inflationary. Voters won’t tolerate it.
Trump can no sooner repeal the law of gravity than change some macroeconomic realities.MarketWatch - 5d