Taxes

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief.

New Jersey officials have introduced bipartisan legislation that would give the state more leverage in a fight to end double taxation for state residents.

But in some states, the tax man may demand a cut of that relief. That’s because some states tax forgiven debt as income.

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

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.

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 "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.

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.

Treasury Secretary Janet Yellen is wrapping up a weeklong trip to the Indo-Pacific, her first since taking over the role.

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.

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.