taxes

As Biden tries to curry favor for a corporate tax hike, the administration has other ways it could fund a $2 trillion infrastructure plan.

New York’s business leaders are looking for exits as their taxes are set to be raised in the states upcoming budget.

Taxpayers who received unemployment income in 2020 and filed their taxes early in the year may receive a refund from the IRS next month.

Adeyemo said the White House’s broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

The JPMorgan CEO said just five states continue to fight for unlimited state and local tax deductions because those states reap 40% of the benefit.

Gov. Cuomo expressed newfound openness to raising taxes on top-earners this year, after long having warned that raising taxes on the wealthy could drive them out of New York at a time when the state’s economy is still recovering from COVID-19 economic shutdowns.

Americans who collected unemployment benefits last year may need to file an amended tax return in some cases to get their maximum tax refund, the IRS said.

The proposed increase is part of the administration’s effort to fund its $2 trillion infrastructure proposal.

Yellen is calling call for a minimum tax levy on corporations around the world in an effort to keep companies from relocating.

The $1.9 trillion Covid relief measure temporarily enhanced a number of tax credits. Taxpayers may see hundreds or thousands of dollars in savings.

President Joe Biden has outlined a huge $2.3 trillion plan to reengineer the nation’s infrastructure over the next eight years

Behind the scenes, some companies are considering not opposing Biden’s proposed tax hikes, because of corporate demand for an infrastructure bill.

The IRS will issue refunds automatically starting in May to workers who qualify for a new tax break on jobless benefits but had already filed their tax returns.

Biden’s plan would bump the corporate tax rate to 28% from 21% and make it less attractive for companies to offshore profits and jobs.

More than 21 million tax returns claimed a 20% pass-through deduction on business income during the 2020 filing season, according to IRS data.

A phishing scam is trying to pry personal data from university students and staff who believe they may be owed a tax refund.

Thirteen states aren’t offering a tax break on unemployment benefits received last year, according to data from H&R Block.

Criminals using stolen identities to obtain pandemic relief funds meant for small businesses are laundering millions through major online investment platforms.

New York business leaders are pushing President Biden and Senate Majority Leader Schumer to bring back the full SALT deduction, which was capped under Trump.

Build America Bonds first entered markets more than a decade ago as the Obama administration sought ways to spur the U.S. economy.