Taxes
You may get an IRS refund if you filed your taxes late during the pandemic
The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief.
2 years ago
N.J. wants to negotiate out-of-state income taxes for commuters
New Jersey officials have introduced bipartisan legislation that would give the state more leverage in a fight to end double taxation for state residents.
2 years ago
Some states could tax Biden’s student loan debt relief
But in some states, the tax man may demand a cut of that relief. That’s because some states tax forgiven debt as income.
2 years ago
New Jersey’s 10-day sales tax holiday is now in effect
School supplies like backpacks, notebooks, index cards, and pencils are tax-free.
2 years ago
Expanded IRS free-file system one step closer in Dems’ bill
The flagship climate change and health care bill will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.
2 years ago
The Inflation Reduction Act: what’s in it and what’s not
With Democrats poised to pass the Inflation Reduction Act, we look at what's in it, what got dumped and why, and how it may impact the economy, healthcare and climate change.
Air Date: August 11, 2022 10:00 am
Listen 49:15Explaining the $14 billion tax ‘loophole’ that Senate Democrats want to close
The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The unpopular provision has survived many challenges.
2 years ago
The state’s new budget pays off $42 million in debt, but backers say a bigger policy change is needed to prepare the system for future downturns.
2 years ago
Yellen believes U.S. will get on board with global minimum corporate tax — eventually
Treasury Secretary Janet Yellen is wrapping up a weeklong trip to the Indo-Pacific, her first since taking over the role.
2 years ago
New Pa. budget injects $125M into private school tax credit program that lacks basic accountability
A lack of transparency baked into state law makes it impossible to determine whether the program is actually improving outcomes for students who receive tuition assistance.
2 years ago
Pa. has a new child care tax credit. Here’s what you need to know
People who care for two or more dependents will be able to claim up to $6,000 in child care expenses starting next year.
2 years ago
Who benefits from N.J.’s back-to-school sales tax holiday?
New Jersey officials tout that a sales tax holiday for back-to-school will benefit families. Experts are slightly more muted on how it will play out in practice.
2 years ago
Philly City Council sends budget, property tax relief to Mayor Kenney’s desk
The budget includes no tax hikes, steps to ease the tax burden of rising property valuations, and a spending increase for violence prevention measures.
2 years ago
Biden wants a gas tax holiday. Some economists say that’s a bad idea
Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump.
2 years ago
Biden says decision on gas tax holiday may come this week
President Joe Biden says he’s considering a federal holiday on the gasoline tax. That could possibly save U.S. consumers as much as 18.4 cents a gallon.
2 years ago