Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February.

Furloughed government workers protested in Manhattan Thursday, demanding an end to the shutdown as they said they wanted to work. Adam Kuperstein reports.

The public impeachment inquiry hearings that started Wednesday pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama administration. The two attorneys with shiny resumes are hardly household names. Now, Daniel Goldman and Steve Castor find...

The IRS released the federal tax rates and income brackets for 2020 on Wednesday. The seven tax rates remain unchanged, while the income limits have been adjusted for inflation. Tax rates in the U.S. are marginal, meaning that different levels of the same person’s income are taxed at different rates. If you and your spouse earn $80,000 in 2020 and...

If you asked the IRS for six more months to work on your 2018 tax return, you’re about to run out of time. This spring, about 15 million taxpayers asked the IRS for an extension on their 2018 tax return. While those filers had to pay their projected taxes by April 15, they had to until Oct. 15 to complete and submit their returns.

Two New York universities are among those around the world that have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show.

Heather Waldron and John Hawley are losing their four-bedroom house in the hills above Blacksburg, Va. A teenage daughter, one of their five children, sold her clothes for spending money. They worried about paying the electric bill. Financial disaster, they say, contributed to their divorce, finalized in April. Their money problems began when the University of Virginia Health System pursued...

A former state police union chief and a Beacon Hill lobbyist have been arrested for allegedly misusing union funds for personal gain, federal authorities said Wednesday. FBI and IRS agents arrested 57-year-old Dana Pullman, former president of the State Police Association of Massachusetts, and 68-year-old State House lobbyist Anne Lynch early Wednesday at their respective homes in Worcester and Hull.

Democrats still shaken by the 2010 tea party wave that netted Republicans six governors’ offices, flipped 21 statehouse chambers and drove nearly 700 Democratic state legislators from office are mounting a comeback, pouring millions of dollars into state level races. In a longtime Republican district covering a wealthy enclave of Dallas, Democratic challenger Shawn Terry has raised $235,000, an eye-popping...

Presidential contender Elizabeth Warren on Saturday unveiled her plan to combat gun violence, including proposals to triple the tax applied to firearm sales and raise the tax on ammunition even more dramatically. The plan, announced in a post on the blogging platform Medium, comes in the wake of back-to-back mass shootings in El Paso, Texas, and Dayton, Ohio, that left...

New York, New Jersey and Connecticut are suing the Trump administration over an IRS rule that weakens the states’ attempts to work around a cap on state and local tax deductions.

New York, New Jersey and Connecticut sued the Trump administration Wednesday over an IRS rule that weakens the states’ attempts to work around a cap on state and local tax deductions.

A House committee sued the Trump administration in federal court Tuesday for access to President Donald Trump’s tax returns, setting up a legal showdown over the records. The House Ways and Means Committee said it needs the documents for an investigation into tax law compliance by the president, among other things. It asked the court to order the administration to...

An estimated 7.5 million California workers soon will have access to workplace retirement savings. That’s due to CalSavers, the Golden State’s automatic individual retirement account enrollment plan, which officially begins on Monday. The program was established after the state required employers with five or more employees to either join CalSavers or begin offering a private plan. Over the next several...

When travelers shop at dozens of duty free stores at airports worldwide, they may be paying for more than a bottle of vodka or a box of chocolates. The Falic family of Florida, owners of the ubiquitous chain of Duty Free Americas shops, funds a generous and sometimes controversial philanthropic empire in Israel that runs through the corridors of power...

Democratic presidential candidate Elizabeth Warren on Tuesday pitched a sweeping overhaul of the nation’s systems for securing its elections, including the creation of a “uniform federal ballot” and the replacement of the independent commission that currently helps administer the vote. Warren’s latest in a series of hefty policy proposals — which have become a trademark as she climbs in the...

Democratic presidential candidate Elizabeth Warren on Tuesday pitched a sweeping overhaul of the nation’s systems for securing its elections, including the creation of a “uniform federal ballot” and the replacement of the independent commission that currently helps administer the vote. Warren’s latest in a series of hefty policy proposals — which have become a trademark as she climbs in the...

The ambitious scope of Elizabeth Warren’s push to rethink how America tackles issues such as health care, technology and education has energized her presidential campaign — and spurred questions about how she would deliver on her promises. At the heart of Warren’s raft of policy proposals is a 2% fee on fortunes greater than $50 million, a wealth tax designed...

The Justice Department issued a legal opinion Friday finding that Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump’s tax returns from a House committee that subpoenaed them. The House Ways and Means Committee subpoenaed six years of Trump’s tax returns in May, but the Treasury Department refused to provide the documents. At the time, Mnuchin said the...

The Justice Department issued a legal opinion Friday finding that Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump’s tax returns from a House committee that subpoenaed them. The House Ways and Means Committee subpoenaed six years of Trump’s tax returns in May, but the Treasury Department refused to provide the documents. At the time, Mnuchin said the...