The Latest Breaking News from Income Tax

As states look to generate more revenue in an inflationary economy, along with the risk of a recession, progressive governors like J.B. Pritzker of Illinois who advocate for progressive income taxes also support one of the most regressive taxes: lotteries. This sort of “taxation” increases revenue without the stigma associated…

President Joe Biden and his wife, Jill, made $579,514 last year and paid $137,658 in federal income taxes

If you meet certain income requirements, you are required to file a federal tax return this year. You could face penalties if you don't.

Uncle Sam is giving an extra three days to file income tax returns and pay taxes this year.

Warren G. Harding was a terrible president, but he did get two things right. He freed an ailing Eugene Debs from federal prison, where Debs had been locked up for criticizing World War I, and he appointed Mabel Walker Willebrandt, Los Angeles’ first female public defender, as assistant attorney general…

Mid-April has arrived. And along with the spring sunshine, that means the often dreaded civic duty of finishing off one’s taxes.

Scottish tax payers are being urged to check their payslips this month to make sure there are no errors after the new financial year began just days ago on April 6.

After two years of record tax collections, budget writers in some states are starting to feel a revenue pinch created by a slumping stock market, banking and tech layoffs, slower consumer spending and lower energy prices.

The new financial year has started which means every worker should check their next payslip.