Federal Income Tax

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...

The Board of Equalization encourages all qualifying Californians who need help with their income tax preparation to attend a free Volunteer Income Tax Assistance program event as the nation celebrates Earned Income Tax Credit Awareness Day. EITC...

Free E-File income tax preparation help will be available at sites across Kansas starting Monday, Jan. 28. One of the largest sites will be at the Docking State Office Building, 915 SW Harrison St., Room 163. The assistance sites are a partnership...

The year 2013 should be another strong one for agricultural equipment sales, thanks to a Jan. 1 change in the federal tax law, as well as overall strength in commodity markets and accumulated farm financial strength. Tom Vandendriessche, a farmer and...

I was very interested in your discussion about tax audits last week, and it made me wonder how does the Internal Revenue Service trace money that comes from things like office Super Bowl pools, cash earned at little odd jobs here and there, and other...

Close your eyes in Washington these days and you can almost hear the echoes of 1932. Eighty years ago, just like today, a fiscal crisis almost totally dominated the nation's capital. Then, as now, fiscal conservatives demanded immediate action to fix...

By complaining that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson epitomizes what happens when lawmakers try to fix their...

The Washington County Department of Social Services is assisting in a promotional campaign called “Your Money. You Earned It. Now Claim It!” to encourage eligible Washington County residents to claim their earned income credit and child tax...

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...

I am 68, my wife is 66, and we've never been audited. I'm still working at my salaried job, my wife is drawing a small pension, and our combined income is about $90,000. I've often wondered, just what are the chances of our being audited? P.T., South...

Agricultural producers should do tax planning before the end of the year based on the information known at this time. Traditionally, producers try to do tax planning to limit their tax liability. With uncertainty in Congress, tax rates may be higher in...

For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country. Maryland is one of the wealthiest states, and its residents have the nation's highest median income. That means they likely...