PROVIDENCE, R.I.— Top lawmakers are pushing to exempt Social Security, pensions and other retirement income from the state income tax as a way to stop seniors from leaving Rhode Island, though how far legislators are willing to go is unclear. The state stands to lose $20 million to $40 million annually in revenue from the tax on Social Security and $100 million or so...» Read More
The United States may soon wind up with a distinction that makes business leaders cringe — the highest corporate tax rate in the world, the New York Times reports.
The Obama administration is preparing to inject an unpredictable new variable into its economic policy clash with Republicans: a plan to overhaul corporate taxes.
It's inevitable that people make mistakes. We're only human, after all. But if you make a mistake on your annual tax return, it can you time and money. Here's how to avoid the most common, costly mistakes.
There are just a few weeks until tax returns are due. Make sure you don't miss tax moves regarding your individual retirement accounts that could potentially reduce your tax bill.