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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 23-33
  • 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...
  • O'Malley defends plan to raise taxes

    O'Malley defends plan to raise taxes
    Gov. Martin O'Malley on Wednesday defended his proposal to ask 20 percent of Marylanders to pay more income taxes, calling his budget plan "a balanced approach" that preserves funding for priorities such as education. At a budget briefing, the governor...
  • A tough budget

    A tough budget
    Gov. Martin O'Malley today submitted what is likely to be among the most controversial budget proposals in his two terms in office. Faced with a $1 billion gap between projected spending and revenues, and committed to a goal of finding real solutions to...
  • Critics rail against O'Malley's spending plan

    Critics rail against O'Malley's spending plan
    Gov. Martin O'Malley's proposed budget was assailed on many fronts Wednesday as county executives, education advocates, Maryland hospitals and Republican leaders began making their case against the $36 billion spending plan. Some said cuts in payments to...
  • Most rural Marylanders say, 'War? What war?'

    Most rural Marylanders say, 'War? What war?'
    Nobody asked me but . . . This news, via MarylandReporter.com, might come as a shock to members of the General Assembly who believe the O'Malley administration is waging a "war on rural Maryland": A poll by OpinionWorks finds that 62 percent of...
  • With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million

    With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million
    With the largest tax increase in Connecticut history kicking in, the state is projected to generate a surplus of more than $100 million in the current fiscal year - finally pushing the state into the black. While the number might seem surprising after...
  • 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...
  • Let's talk about the meaning of fairness

    In his State of the Union address, President Barack Obama talked about Americans paying their fair share in taxes. For most of my life, I thought that I had a reasonably good idea about what "fair" means — except for that period when my children...