New Jersey Gov. Phil Murphy is confident that his state's lawsuit against the federal government over charitable donation tax write-offs will succeed, he told CNBC.
New Jersey Governor Phil Murphy joins CNBC's "Power Lunch" team to discuss local and state tax deductions and the decision to join a lawsuit alongside New York and Connecticut to sue the IRS over a charitable deduction rule.
The Northeast is home to some of the highest income taxes in the country. But seven states won't levy your wages.
Gov. Phil Murphy of New Jersey is suing the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block states' attempts to get around a $10,000 cap on state and local tax deductions.
Former Vice President Biden's tax returns reveal big bucks and a couple of planning opportunities.
The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party's traditional academic elite and the darlings of the new left.
Don't wait until the end of 2019 to use up your flexible spending account. Here are six summer essentials that you can buy with your savings.
Americans residing abroad say that tax complexities are making them rethink their U.S. citizenship, according to a survey from Greenback Expat Tax Services.
The Givling app has attracted a large and loyal following of borrowers hoping for relief from decades of monthly loan payments. It might be making their situations worse.
Proposed legislation from Sen. Elizabeth Warren (D-Mass.) would give gay couples who are legally married the ability to file amended tax returns and get federal refunds owed to them.
If you are behind on your retirement savings, there are two steps you can take to shore up your progress for this year and beyond.
"The Committee's asserted purpose—to consider legislation regarding the IRS's practices in auditing presidential tax filings—was implausible," the agency says.
Polls show that a majority of Americans support raising taxes on the rich. CNBC's Robert Frank, Mattie Duppler, National Taxpayers Union senior fellow and president of Forward Strategies, and Jared Bernstein, former chief economist and economic policy advisor to Vice President Joe Biden, join "Squawk Box" to discuss.
Polls show that a majority of Americans support raising taxes on the rich. CNBC's Robert Frank reports.
The IRS releases a draft of its new Form W-4 for 2020, incorporating the changes from the Tax Cuts and Jobs Act.
By now, everyone's familiar with the $1.4 trillion student debt crisis. However, many parents aren't familiar with a tool that can curb borrowing.
If you're a financial advisor, odds are that some of your clients have heard of qualified opportunity zone funds. Here's what you should know before recommending this tax-advantaged real estate strategy.
Audits of the nation's highest earners fell to their lowest ever recorded levels. Adam Brandon, president of FreedomWorks, and Jesse Eisinger, senior reporter at ProPublica, join "Squawk Box" to discuss.
Audits of the nation's highest earners fell to their lowest ever recorded levels. CNBC's Robert Frank reports.
The days of hazarding a guess at your tax withholding are over. The IRS will soon release a draft of its new Form W-4 for 2020. Employees may need to scour their tax return to accurately fill it out.