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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 12-22
  • Howard income tax receipts grow, but not as much as last year

    Howard County income tax collections — the second-largest source of county revenue — continue to increase, which will likely help the county avoid a serious budget shortfall this coming year. "This number kind of confirmed that we are not...
  • Key state lawmaker calls for property tax cap overhaul

    Key state lawmaker calls for property tax cap overhaul
    A state lawmaker who helps set tax policy is calling for an overhaul of Maryland's property tax cap law, after a Baltimore Sun investigation documented how the costly program has resulted in homeowners across Baltimore paying vastly different amounts...
  • Allentown, school district revenues will also fund arena

    Allentown, school district revenues will also fund arena
    Boosters of Allentown's proposed hockey arena complex have boasted how the state will foot the bill by coughing up a portion of locally generated state taxes. What they haven't been making noise about is this: The city and school district will help pay...
  • Defeated Democrats do well under Quinn

    Defeated Democrats do well under Quinn
    While the political adage holds that to the winner go the spoils, under Democratic Gov. Pat Quinn, even some losers have done very well. Take Dan Seals. He failed three times to win a North Shore congressional seat, and his tax returns showed he mostly...
  • A plan that helps retirees and Maryland

    A plan that helps retirees and Maryland
    The next several years will see a flood tide of a new kind of retiree — the rollover retiree. Millions of baby boomers will be transitioning into retirement without the comfort of the old-fashioned monthly pension check, but rather with a lump sum...
  • Allentown sets tax district for hockey arena

    Allentown sets tax district for hockey arena
    The sales tax you paid on that pint of Fegley's amber lager you downed at the Allentown Brew Works last month could soon be helping finance the city's new hockey arena. Same goes for that penne arrabiatta you had for lunch at Pasta Alla Rosa. If you have...
  • State budget surplus greater than expected

    State budget surplus greater than expected
    Maryland finished the most recent budget year with nearly $1 billion in unspent funds, a surplus that was more than 50 percent higher than expected, mostly due to stronger-than-anticipated income tax receipts, officials said Thursday. "It is...
  • Assembly still hasn't passed a budget

    Pushing legislative brinkmanship to its limits, the General Assembly will go into the last scheduled day of its 90-day session Monday without an agreement on the one thing it must get done under Maryland's Constitution: pass a balanced budget. Most...
  • Federal tax deduction for mortgage insurance premiums expires

    Though its demise drew little attention because of the partisan year-end brawl over the payroll tax cut extension in Congress, a key mortgage financing benefit disappeared at the end of December: the ability of large numbers of home buyers and owners to...
  • Republicans slam Democrats on anniversary of Illinois tax hike

    Republicans slam Democrats on anniversary of Illinois tax hike
    It’s been one year since Democratic Gov. Pat Quinn signed off on a 67 percent income tax rate increase and Republican legislative leaders didn’t let the milestone pass in silence, gathering Thursday to warn that the temporary hike will...
  • Malloy To Propose Sunday Alcohol Sales; Not A Blue Law

    Malloy To Propose Sunday Alcohol Sales; Not A Blue Law
    In a move that could change Connecticut's liquor landscape, Gov. Dannel P. Malloy will propose allowing Sunday sales of alcohol at package stores and beer at supermarkets. The change must be approved by the state legislature, which has repeatedly...