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On Point

Go behind the headlines: From the economy and healthcare to politics and the environment - and so much more - On Point talks with newsmakers and real people about the issues that matter most. On Point is produced by WBUR for NPR.

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Taxes

A field with blue sky in the background and smoke rising from a factory.
Politics & Policy

Limerick Township residents vote against earned income tax increase to preserve open space amid influx of development

The earned income tax was meant to slow the rapid influx of development — including plans for more than 450 housing units and a 332-unit apartment complex.

3 years ago

A field with blue sky in the background and smoke rising from a factory.
Politics & Policy

Limerick Township proposes tax increase to preserve land amid rise in development

On the November ballot, Limerick Township residents will decide if they want to pay more earned income tax used to preserve open space, which could slow down development.

3 years ago

A green landscape is visible with a drilling rig in the background.
Politics & Policy
StateImpact Pennsylvania

Pa.’s natural gas industry set to get billions in state tax credits

Environmental groups criticize the tax credits because they would heavily subsidize natural gas production, a process that emits the potent greenhouse gas methane.

3 years ago

A sign for the Internal Revenue Service
NPR
Money

The IRS is increasing the standard deductions for 2023 as inflation intensifies

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

3 years ago

Philadelphia City Hall.
Politics & Policy

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.

3 years ago

New Jersey Statehouse in Trenton
Politics & Policy

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.

3 years ago

West Sadsbury Township in Chester County.  (West Sadsbury Township)
Politics & Policy

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.

3 years ago

Fewer and fewer older Pennsylvanians are receiving property tax rebates from a popular state program because lawmakers haven't updated the income limits to qualify in over a decade. (Daniel Fishel for Spotlight PA)
Politics & Policy
Spotlight PA

Thousands of older Pennsylvanians at risk of losing property tax rebates because of legislative inaction

No one likes paying taxes, but local property taxes in Pennsylvania are especially loathed.

3 years ago

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late as a form of COVID-19 relief. (Keith Srakocic/AP)
NPR
Money

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.

3 years ago

Traffic passes through the toll plaza at the George Washington Bridge in Fort Lee, New Jersey, on Friday, June 10, 2022. The busy bridge connecting New Jersey and New York City is moving to cashless tolls. Beginning in July, drivers paying cash tolls will have their license plates scanned and will be billed by mail. As part of the transformation, the tollbooths and islands will be demolished. (AP Photo/Ted Shaffrey)
Politics & Policy

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.

3 years ago

Students walk through a green arch on a college campus.
Politics & Policy

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.

3 years ago

Stacks of notebooks are shown in a store.
Politics & Policy

New Jersey’s 10-day sales tax holiday is now in effect

School supplies like backpacks, notebooks, index cards, and pencils are tax-free.

3 years ago

File photo: Internal Revenue Service taxes forms are seen on Feb. 13, 2019. (AP Photo/Keith Srakocic, File)
Politics & Policy

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

Senate Majority Leader Chuck Schumer of N.Y., speaks during a press conference on the Inflation Reduction Act, Friday, Aug. 5, 2022, on Capitol Hill in Washington. (AP Photo/Mariam Zuhaib)
Radio Times
Politics & Policy

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 49:15
Sen. Joe Manchin speaks to reporters
NPR
Politics & Policy

Explaining 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

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