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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 1-11
  • 'Fiscal cliff' deal approved, avoiding tax increases, spending cuts

    'Fiscal cliff' deal approved, avoiding tax increases, spending cuts
    A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult...
  • Your Quinncome tax hits home

    Your Quinncome tax hits home
    Two years ago on their night of infamy, 1/11/11, General Assembly Democrats — and exclusively Democrats — voted to raise the Illinois personal income tax rate by 67 percent. Many Illinoisans have been furious about that sop to chronic...
  • Time For 'Opposite Malloy' To Repair Economic Damage

    In a classic "Seinfeld" episode, the ever-hapless George Costanza decides it's time to change his strategy. "Every decision that I've ever made in my entire life has been wrong. My life is the complete opposite of everything I've wanted to be." His...
  • Long Hours And Sharp Elbows

     For much of his life, Dannel Malloy has been an avid fan of hockey and rugby.     Both rough-and-tumble sports are highly physical and require quick movements, sharp elbows and fast decisions. A rugby player for 22 years, Malloy finally quit when his...
  • At last, state gets good budget news

    For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good fiscal news: Neither tax increases nor drastic budget cuts are likely to be needed to balance the budget. The improved forecast...
  • Marylanders brace for taxes as part of 'fiscal cliff' deal

    Marylanders brace for taxes as part of 'fiscal cliff' deal
    Regardless of whether the president and Congress strike a deal or take the nation headfirst over the "fiscal cliff," federal taxes for some Marylanders will increase next year — and under some scenarios the pain could be worse than in other states....
  • Forecast: O.C. can expect modest job growth

    As taxation and other costs go up in California, one place is looking better and better: Walla Walla. Moving to the eastern Washington town of some 32,000 — where you can rent a mansion for $2,500 a month, have a short commute and not pay state...
  • La Caņada Unified tables parcel tax

    With state income taxes rising and the federal government's “fiscal cliff” looming, La Caņada school officials have agreed not to place a parcel tax before La Caņada Flintridge voters next year. La Caņadans currently pay $150 per parcel to...
  • About 21,000 high earners paid no federal income tax

    About 21,000 high earners paid no federal income tax
    A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes. If you're like me, your first question is: How can that be? Your possible next question: Can I get that kind of tax...
  • Changes you may encounter while preparing this season's tax return

    Changes you may encounter while preparing this season's tax return
    For taxpayers who are procrastinators, this is your year. Not only is the Internal Revenue Service asking those with more complex returns to hold off filing until mid-February, but the usual tax deadline has been extended three days, to April 18, because...
  • 7 ways to save on federal income taxes before Dec. 31

    7 ways to save on federal income taxes before Dec. 31
    Uncle Sam may provide you with some holiday gifts -- tax savings that can amount up to thousands of dollars -- if you act before Dec. 31. The federal income tax credits and deductions may come in handy as this year couples will not receive the $800...