Category: Tax Credits, Deductions and Exemptions

Thousands Are Eligible for Tax Refunds From 2020

The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17.
U.S. Scrutiny of Chinese Company Could Disrupt U.S. Supply Chain for Key Drugs

Lawmakers raising national security concerns and seeking to disconnect a major Chinese firm from U.S. pharmaceutical interests have rattled the biotech industry. The firm is deeply involved in development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V. and other illnesses.
A Georgia Town Basks in Bountiful Filming. The State Pays.

When movies are made in Thomasville, Ga., it welcomes celebrities and an infusion of cash. But the financial incentives that attract studios have cost the state billions.
Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program

The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.
Biden’s Climate Law Has Created a Growing Market for Green Tax Credits

New Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace.
Biden’s Climate Law Has Created a Growing Market for Green Tax Credits

New Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace.
Biden Budget Lays Out Battle Lines Against Trump

President Biden and former President Donald J. Trump offer vastly different policy paths on almost every aspect of the economy.
Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.
Biden Portrays Next Phase of Economic Agenda as Middle-Class Lifeline

The president used his State of the Union speech to pitch tax increases for the rich, along with plans to cut costs and protect consumers.
A Tax Sunset Will Change What You Owe the I.R.S.

Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress.
Developers Got Backing for Affordable Housing. Then the Neighborhood Found Out.

The push from an affluent community in South Carolina to kill a plan for 60 subsidized apartments brought into public view how hard it is give low-income families access to opportunity-rich neighborhoods.