July 19, 2024 Most Americans think the rich don’t pay their fair share of taxes—but Trump wants to lower them even more Plans to extend and expand Trump-era tax cuts would largely benefit the wealthy. BY Marcus Baram In the first presidential debate of 2024, tax policy—and who it really benefits in this country—were among the issues most … Continue reading Most Americans think the rich don’t pay their fair share of taxes—but Trump wants to lower them even more
June 18, 2024 Ethanol-powered jets stall over pipeline and tax credit challenges To the renewable fuels industry, failure to gain approval of the pipelines could jeopardize a giant new aviation-fuel market they believe would continue decades into the future, even as electric vehicles gradually replace gas-powered cars and traditional vehicles get more efficient. BY Associated Press … Continue reading Ethanol-powered jets stall over pipeline and tax credit challenges
June 18, 2024 The war on ESG doesn’t make sense. Least of all for taxpayers Johannes Lenhard and Hannah Leach explain how the continued backlash against environmental, social, and governance integration in investing is frustrating because there’s a clear business case and it’s in taxpayer interests. BY Johannes Lenhard and Hannah Leach “I am really frustrated. … Continue reading The war on ESG doesn’t make sense. Least of all for taxpayers
May 31, 2024 The IRS makes its free e-file program permanent The pilot began in March in 12 states, but the IRS now wants the program to be available nationwide. BY Associated Press The IRS said Thursday it will make permanent the free electronic tax return filing system that it experimented with this year and is … Continue reading The IRS makes its free e-file program permanent
May 10, 2024 Is your tax refund ‘fun money’? Here’s how experts say you should spend it The grown-up advice is to put it towards debt and savings. BY Associated Press The average taxpayer is getting a $2,852 refund, $75 more than last year, based on the most recent IRS data. So what should you do … Continue reading Is your tax refund ‘fun money’? Here’s how experts say you should spend it
April 20, 2024 State governments must be loving 4/20 almost as much as Tax Day Some states are now seeing more than 1% of their tax revenue from cannabis sales, according to the Census Bureau. Here’s how each state ranks. BY Shannon Cudd If you smell something musky in the air today and see puffs of … Continue reading State governments must be loving 4/20 almost as much as Tax Day
April 15, 2024 5 new ways TurboTax made filing your taxes harder this year It’s no secret that the more nightmarish your taxes are, the more Intuit’s tax-preparation giant benefits. BY Clint Rainey “The tax code is too complicated—everyone needs an advocate in their corner to get the best outcome during tax season,” Intuit, the maker … Continue reading 5 new ways TurboTax made filing your taxes harder this year
By The Conversation March 10, 2024 People caring for elderly or disabled relatives need a break—and, in Michigan, Governor Gretchen Whitmer has a proposal to give them one. Whitmer’s recently proposed $5,000 tax credit, the Caring for MI Family Tax Credit, is part of a growing trend of public subsidies for families shouldering the … Continue reading Michigan Governor Whitmer proposes a $5,000 caregiver tax credit, joining other states
By Emily Guy Birken February 10, 2024 The first year I filed my own taxes, I had to pick up a paper copy of the 1040-EZ form at my local library, fill it in with a black ballpoint pen, put it in a stamped envelope, mail it, and wait patiently for my paper refund … Continue reading Filing your taxes: How to decide whether to pay a CPA or DIY
By Sam Becker December 05, 2023 With consequential Supreme Court rulings on topics like abortion and voting rights in recent years, Americans may be forgiven if their interest isn’t exactly piqued by a legal battle concerning the tax code. But a case currently in front of the high court, although it has largely flown under … Continue reading An under-the-radar Supreme Court case could upend the tax code and derail wealth taxation
