Taxes

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.

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.

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.

People who care for two or more dependents will be able to claim up to $6,000 in child care expenses starting next year.

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.

The budget includes no tax hikes, steps to ease the tax burden of rising property valuations, and a spending increase for violence prevention measures.

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.

Pennsylvania levies a 9.99% tax on corporate net income, the second-highest rate in the country.

Budget negotiations were fraught with concerns over steep increases in property valuations that threatened big tax hikes for many Philly homeowners.

Homeowners making less than $150,000 will receive a tax credit of $1,500, while those making $150,000 to $250,000 will receive a tax credit of $1,000.

GOP Rep. Kevin Hensley said the state’s nearly $700 million budget surplus warranted a larger credit. Dems who control the budget-writing panel thought otherwise.

Community Legal Services breaks down a package of bills that aim to lessen the burden for Philly homeowners after residential property values went up by an average of 31%.

More than 75 gas stations throughout the state demonstrate how much money motorists can save, if the legislature passes a bill permitting self-serve gas.

Values for residential properties went up by an average of 31% compared to the last assessments in 2019, burdening homeowners across the city.

The average residential assessment is rising by 31% and a large number of challenges are expected. Plus, here are some programs to offset the burden.