Tax

BALTIMORE (AP) — Baltimore’s police commissioner was charged Thursday with three misdemeanor counts of failure to file taxes, the latest embarrassment to rock a beleaguered force reeling from scandal to scandal. The U.S. Attorney’s office alleged that Commissioner Darryl DeSousa “willfully failed to file a federal return for tax years 2013, 2014, and 2015, despite […]

WASHINGTON (AP) — Congress’ official budget analysts have eased one stumbling block to lawmakers’ fight over renewing a program that provides health insurance for nearly 9 million low-income children. The Congressional Budget Office says a Senate bill adding five years of financing to the program would cost $800 million. Previously, the analysts estimated it would […]

WASHINGTON (AP) — Jubilant Republican lawmakers laid plans to join President Donald Trump at the White House for a victory celebration Wednesday as Congress moved one roll call away from approving the GOP’s paramount priority, the most thorough reshaping of the country’s tax system since the 1980s. “Workers benefit. Wages go up. More jobs occur,” […]

WASHINGTON (AP) — Gleeful Republicans on Tuesday muscled the most sweeping rewrite of the nation’s tax laws in more than three decades through the House. House Speaker Paul Ryan dismissed criticism of the widely unpopular package and insisted “results are what’s going to make this popular.” The vote, largely along party lines, was 227-203 and […]

WASHINGTON (AP) — As Republicans stake their claim to middle-class rescue in tax cut legislation deemed to carry tax hikes for millions, President Donald Trump plans an in-person appeal to lawmakers as the proposal faces a crucial vote in the House. Underscoring the sharp political stakes for Trump, who lacks a major legislative achievement after […]

WASHINGTON (AP) — The chairman of the House’s tax-writing committee is expressing confidence that chamber won’t go along with the Senate’s proposal to eliminate the deduction for property taxes, setting up a major flashpoint as Republicans aim to put a tax cut bill on President Donald Trump’s desk before Christmas. The GOP is moving urgently […]

WASHINGTON (AP) — Sweeping tax legislation from Senate Republicans includes a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby […]

WASHINGTON (AP) — The Senate version of the Republicans’ high-stakes tax overhaul is set to be unveiled with billions in tax cuts for people and corporations, repeal of the federal deduction for state and local taxes, and a likely compression of the personal income tax brackets from seven to four. The House measure, meanwhile, nears […]

WASHINGTON (AP) — Plowing through objections in a drive to wrap up their tax overhaul, House Republicans have blocked Democrats’ efforts to get bigger tax benefits for the cost of raising or adopting children. As the feverish sprint toward a completed bill by week’s end unfolded Tuesday in the House’s tax-writing committee, the Senate’s tax […]

WASHINGTON (AP) — House Republicans struggled to complete work on a sweeping tax proposal, delaying its public release by a day as President Donald Trump set an ambitious, by-Christmas timetable for passage of the legislation. The GOP tax-writers strained to make last-minute changes to the proposed legislation, working Tuesday through the day and night to […]

Mellody Hobson talks about tax season in today’s “Money Mondays” segment. Tom: It’s that time of year again, and we are talking about taxes! Mellody: We certainly are, Tom. While it may seem like you have plenty of time left, there are only 8 more weeks until the April tax filing deadline. Employers are sending […]

The IRS has some good news and bad news, depending on your situation. Listen to the audio player to find out why you might get your tax refund late this year in the latest Jazzy Report! Sign Up For Our Newsletter! RELATED: Top 10 Super Weird Taxes [EXCLUSIVE AUDIO] RELATED: Solange Hit With Tax Lien RELATED: Uncle […]