The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
Category: Tax Credits, Deductions and Exemptions
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What You Need to Know for the 2023 Tax Season
Doing taxes in 2023 feels a lot like it did before the pandemic. Still, there are some meaningful changes to keep in mind.
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Why Investing at the Last Moment Can Hurt Your Returns
You can still put money in an I.R.A. for 2022, and that’s better than not investing at all. But an early start would have given you a great advantage, our columnist says.
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U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
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Chip Makers Turn Cutthroat in Fight for Share of Federal Money
Semiconductor companies, which united to get the CHIPS Act approved, have set off a lobbying frenzy as they argue for more cash than their competitors.
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How Arizona Is Positioning Itself for $52 Billion to the Chips Industry
The state has become a hub for chip makers including Intel and TSMC, as the government prepares to release a gusher of funds for the strategic industry.
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You Can Use Your Tax Refund to Buy I Bonds, but Should You?
The answer depends on whether you’re looking to get high interest rates now or a safe investment with inflation protection over many years.
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U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.
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I.R.S. Decides Most Special State Payments Are Not Taxable
The agency offered the guidance that it had asked millions of taxpayers in 21 states to wait for before filing their returns.
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As Federal Cash Flows to Unions, Democrats Hope to Reap the Rewards
In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official.
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Dads in Government Create the Congressional Dads Caucus
Male politicians who are parents of young children wearing their fatherhood on their sleeves and their babies on their chests.