
Taxes
Impact of inflation starting to show in Philly revenue report
Economic signs show the start of inflation’s impact on city revenue sources, including sales tax and beverage tax.
2 years ago
New Jersey child tax credit signed into law, GOP wants more tax reform
Assemblyman Jay Webber (R-Morris) suggested that lawmakers index tax brackets to account for historic inflation rates.
2 years ago
West Sadsbury Township is looking to axe open space tax at the ballot
While some townships are looking to save open space through ballot referendums, one Chester County township says that the process is complete.
2 years ago
No one likes paying taxes, but local property taxes in Pennsylvania are especially loathed.
2 years ago
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.
3 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.
3 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.
3 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.
3 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.
3 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.
3 years ago