RALEIGH — The budget impasse in the North Carolina General Assembly between the Republican-controlled Senate and House has continued into 2026, with the issue of funding for the proposed N.C. Children’s Hospital resurfacing this week. […]
NEW YORK — If your life has been upended by a wildfire, hurricane, flood, tornado or another disaster this past year, the IRS recognizes that you may need more time to file your taxes and […]
About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states are now on a path to do […]
RALEIGH — A bill filed in the state House is proposing “no tax on tips” for service industry workers as well as on overtime pay and bonus pay. House Bill 11 has four primary sponsors: […]
NEW YORK — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago […]
WASHINGTON — Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned under a new timetable for paperless taxpayer communications announced Tuesday […]
WASHINGTON — An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise […]
Close to 60% of all American taxpayers, about 100 million households, don’t pay one dime in federal income taxes. If a household makes $75,000 or less annually, it will most likely pay zero income tax. […]
RALEIGH — North Carolina government tax collections will smash the projections used to help fashion the first year of the current two-year state budget, officials announced Monday as lawmakers return next week to begin figuring […]
WASHINGTON, D.C. — The Supreme Court on Monday rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes. The […]
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