FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.
House Democrats face hurdles to pushing through the president’s big spending plans, including Republican opposition and resistance from their own ranks.
After working for decades on the issue, Senator Patty Murray and Representative Rosa DeLauro teamed up to ensure that the stimulus law included a lifeline to the nation’s poorest families.
The stimulus bill spends billions to help more Americans buy affordable health insurance. But getting those dollars will take some work, and some waiting.
You might not have filed this year’s return yet, but you should keep in mind that Congress changed the rules on things like charitable contributions and tax breaks for educational expenses for 2022.
“Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season.
New rules, many of them temporary, give taxpayers breaks that can cut their tax bills or even generate extra refunds this year.
Most people have been able to pass on assets like a family home without federal tax, but that could be changing.
There is more financial assistance for more people seeking coverage. And many people who are already covered can get discounts, too, if they sign up.
The government is allowing people who qualify for the earned-income tax credit to use income from either 2020 or 2019, whichever will result in a bigger credit.
President Biden’s new role as a crusader for Americans in poverty is an evolution for a politician who has focused on the working class and his Senate work on the judiciary and foreign relations.
The sweeping legislation had no support from Republican lawmakers, who called it bloated and unaffordable. It will deliver emergency aid and broader assistance to low- and middle-income Americans.
Inside the $1.9 trillion economic stimulus bill, there is a provision that is revolutionary in the way the U.S. government regards minors.
The $1.9 trillion pandemic relief package moving through Congress advances an idea that Democrats have been nurturing for decades: establishing a guaranteed income for families with children.
The measure passed by the Senate, and headed to the House for final approval before going to President Biden’s desk, contains money for direct checks, jobless benefits, state and local aid, and more.
“In one year,” Vice President Kamala Harris said, “the pandemic has put decades of the progress we have collectively made for women workers at risk.”
Punishing mothers for needing help cannot be the answer. A generous child allowance might be.
One policy goal of a child allowance is to reverse declines in fertility, but some experts say improving families’ well-being is more important.
Under plans by President Biden and Senator Mitt Romney, children would be worthy of government support, no strings attached.
Lawmakers, including at least one Republican, are focused on providing monthly payments to help families with children make ends meet.
Requiring work in exchange for benefits is an unfair system that doesn’t help the neediest. But that could change.
The credit would send monthly payments to millions of Americans under certain income thresholds for a year starting in July.
America needs more babies. Public policy alone cannot deliver them, but it can help.
The order, answering a demand for documents by New York’s attorney general, rejected a bid to shield the records with attorney-client privilege.
So far, Joe Biden has been surprisingly progressive.
Biden’s good opening proposal should be more targeted to the most needy.
Electric cars are an even better value than I understood when I first bought one.
While Democrats have vowed to repeal the former president’s signature 2017 law, his successor is more likely to tinker with it, given constraints.
Using a crisis to reduce child poverty and make America more truly a land of opportunity.
Traditional automakers have struggled to sell electric cars. That could change as Ford, Volkswagen and others introduce new models.
The president-elect is rolling out a large spending package aimed at helping battle the virus and alleviate the economic toll it has taken.
Some companies are having trouble surviving and making money installing panels because of intense competition and the high costs of doing business.
The voluminous coronavirus relief and spending bill that blasted through Congress on Monday includes provisions — good, bad and just plain strange — that few lawmakers got to read.
Increased spending to enforce the existing tax code would pay for itself and then some.
The incentive package was pushed by Gov. Philip D. Murphy, a progressive Democrat who has railed against similar tax breaks in the past. His allies are not happy.
Millions of middle-income earners may find that paying for their own health care is a huge burden. Here are some tips.
The program has been criticized for a lack of transparency and for being used as a tax dodge, but developers say it is “a great tool to have in the toolbox.”
Under the pandemic relief program, taxpayers can deduct up to $300, even if they take the standard deduction. And even if $300 doesn’t sound like much, it’s “a big deal” to the needy.
The real estate industry has long enjoyed uniquely favorable tax treatment — thanks in part to Mr. Trump’s actions before and after he became president.
The money grows tax free, and can act as a sort of 401(k) for future health needs if invested. But just 6 percent of account holders do invest the savings.
For a more equitable system, we need a simpler and fairer tax code.
Donald Trump knows that taxes are for the poor.
The federal tax code aligns the interests of the middle class with the ultrawealthy. But the alliance may be breaking up.
The reason has little to do with money. Family and community ties keep them from leaving their state.
From Lincoln to Trump, the president’s attitude toward his taxes has shaped the public’s attitude toward theirs.
Figures drawn from President Trump’s tax-return data show how that number was calculated.
No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say.
Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill?
Funds in 529 plans grow tax free and can be withdrawn tax free if they’re spent on eligible education expenses. But there is some fine print.