Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.
Category: Tax Credits, Deductions and Exemptions
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Obamacare Could See Big Changes in 2026
A proposed rule would restrict “eligibility, enrollment and affordability” in plans under the Affordable Care Act, health policy analysts say.
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What Oil Executives Want From President Trump
Tariffs, tax credits and deregulation are among the industry’s top priorities.
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Mercedes’s Most Affordable Sedan Will Be Electric
The German luxury carmaker said its latest compact sedan solved problems that had kept people from buying electric vehicles.
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How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.
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Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.
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Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.
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Republicans Want Lower Taxes. The Hard Part Is Choosing What to Cut.
House Republicans are preparing to adopt a plan that puts a $4.5 trillion limit on the size of the tax cut, but even that will not be enough for some of President Trump’s promises.
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Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
A Nevada business owner prepared and filed false tax returns to fraudulently obtain Covid relief money for her businesses and others, prosecutors said.
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Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
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Hollywood Work Was Already Drying Up. Then the Fires Hit.
The wildfires have given new urgency to discussions about how to revive one of Los Angeles’s defining, and dominant, industries: film and television production.