
Taxes
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
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
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
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
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 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 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
No one likes paying taxes, but local property taxes in Pennsylvania are especially loathed.
3 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.
3 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.
3 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.
3 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.
3 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