A tax incentive, with bipartisan roots, aims to foster development in poor areas. It has fueled building, but it hasn’t always aided local residents.
Category: Tax Credits, Deductions and Exemptions
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Senate Rejects Bipartisan Tax Deal
The legislation would have restored prized tax breaks for businesses and expanded the child tax credit. It had passed the House with broad bipartisan support.
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A Harris Economy Could Prove More Progressive Than ‘Bidenomics’
As a presidential candidate in the past, the former California senator pushed for higher taxes and bigger housing investments.
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Biden Administration’s Rent Cap Proposal Reignites Housing Policy Debate
A proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches.
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Economists Worry About Fiscal Plans of Macron’s Rivals: What to Know
The far-right National Rally party and the left-wing New Popular Front are focusing on a cost-of-living crisis to woo voters, but their plans risk worsening France’s soaring deficit.
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Identity Theft Case Backlog at IRS Leads to Delayed Tax Refunds
The National Taxpayer Advocate criticized the agency for being too slow to resolve cases, leaving victims waiting years for their refunds.
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Rampant Identity Theft Is Taxing the I.R.S.
The National Taxpayer Advocate criticized the agency for being too slow to resolve cases, leaving victims waiting years for their refunds.
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Fact-Checking Biden’s and Trump’s Claims About the Economy
We fact-checked claims about inflation, jobs and tax policy from both presidential candidates.
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I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud
An internal analysis conducted by the agency found that up to 90 percent of claims are potentially fraudulent.
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Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
Some voters blame the American Rescue Plan for fueling price increases. But the growth it unleashed may be helping the president stay more popular than counterparts in Europe.
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First a Victim of Tax Return Identity Theft, Then a 2-Year Wait for a Refund
The I.R.S.’s Taxpayer Advocate Service found that many of those affected were lower-income people who depended on refunds to cover living costs. The wait is “ridiculous,” the head of the service said.
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Does It Pencil?
A real estate term used by developers when they’re assessing whether a project makes financial sense.