Budget Battles
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Biden White House Lays Out Plan for Coming Tax Showdown
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Trump Tax Cut Extension Would Cost $4.6 Trillion: CBO
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House Kills Greene Motion to Oust Speaker Johnson
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Greene Backs Off Johnson Threat, but Issues Four Demands
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Social Security, Medicare Get Boost From Strong Economy
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Biden and Trump Joust Over Jobs Report
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IRS Unveils Plan to Crack Down on the Rich
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How Wall Street ‘Innovations’ Cost Taxpayers Millions
By Marc JoffeWhat do the City of Chicago and Jefferson County, Alabama, have in common with Riverside, California, and a school district north of San Diego? These local governments have lost millions of dollars...
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Where’s Your Tax Refund? Here’s How to Check
If you haven’t received your return, check out the Where’s My Refund tool, which will give you the status of your refund within 24 hours of receiving an e-filed return or four weeks after receiving a...
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Why You Could Be Scammed by Fake Tax Collectors More than Ever This Year
By Eric PianinSince the fall of 2013, more than 10,300 Americans have been victimized by a telephone scam in which the caller presents himself as an IRS or Treasury Department employee and demands immediate...
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Why You Might Not Get Your Tax Refund on Time This Year
By Rob GarverEvery year, millions of Americans anxiously await the annual infusion of cash from the Internal Revenue Service when it pays back excess withholding from the previous year. However, according to the...
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Four Reasons Trump’s Promise of Tax Reform Is Fading Fast
By Liz PeekInvestors beware: there are four reasons (at least) why tax reform may not happen this year. 1) Democrats have been told it’s “us vs. them” and to obstruct any and all Republican initiatives. 2)...
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The Worst States for Property Taxes – and the Best
Americans collectively paid $277.7 billion in property taxes on single-family homes last year.
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Here’s How to Get Your Taxes Done for Free
Just over half of Americans get professional help when filing their taxes, the IRS says. That can be a smart move, especially if your taxes are complicated or you’re not confident in your ability to...
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GOP Health Care Plan Would Cost the States Billions in Lost Medicaid Funds
By Rob GarverThe fiscal impact of the Republican plan to repeal the Affordable Care Act may not be clear at the federal level until the Congressional Budget Office completes its review of the proposed legislation...
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The IRS Just Invited More Tax Cheating by the Public
By Eric PianinNew data from the beleaguered Internal Revenue Service shows that the agency audited barely more than one million individual tax returns in 2016, the lowest number since 2004, according to an...
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Why the IRS Is Catching Fewer Tax Cheats
By Janna HerronLast June, nine Florida residents were sentenced to prison after being convicted of stealing almost $2.7 million from the federal government by claiming $11.1 million in false tax refunds. The...
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Americans Will Spend 8.9 Billion Hours Doing Taxes in 2016
By Suman BhattacharyyaAmericans will spend nearly 9 billion hours this year filling out paperwork for the IRS, according to a Tax Foundation report released last week. That’s more than 1 million years, or enough time to...
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Why Big Paydays at Apple, Facebook and Google Mean Less Money for Uncle Sam
By Rob GarverTop tech companies are the most prolific users of a tax dodge that allows Fortune 500 companies to avoid paying billions in federal taxes each year.
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Paying for Your Sins: States With the Highest Taxes on Alcohol, Tobacco and Gambling
Sin taxes are a big source of revenue for states, which collected more than $32 billion on things like alcohol and tobacco sales in 2014. But a new report shows that some states raise far more money...
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How to Cut Your Tax Bills in Retirement
By Kelly Holland, CNBCBig tax bills in retirement can put a damper on your golden years, even for those who were steady savers. Unfortunately, most people fail to plan for taxes, according to Ray Benton, a certified...
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Do Millionaires Really Move Away When Their Taxes Go Up?
By Millie Dent and Yuval RosenbergA few years ago, after California voters approved a tax hike on residents earning $1 million or more, golfer Phil Mickelson vented to the press that the higher rates, which he estimated could bring...