Taxes

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.

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.

Prosecutors say the cheesesteak shop owners bilked the IRS out of between $550,000 and $1.5 million.

About 20% of homeowners are appealing after Philly’s first assessment in several years shows some big increases in property values.

Nearly two-thirds surveyed in a Monmouth University poll say they would like to leave New Jersey because it costs too much.

The WA Cares Fund would help alleviate the financial burden of long-term care by providing workers a lifetime benefit of $36,500.

Did COVID, remote work, or job changes make paying taxes more confusing? You’re not alone.