As you start to gather your documents and tally your receipts for your taxes, don't forget to write off your kids! There are many tax breaks you can claim with Uncle Sam if you have children and some you may not even know about.
"Exodus on the Parkway," a new 36-page paper on the impact of tax rates on New Jersey's economic health begins by noting that it "does not provide pro...
Across America, lawmakers are eyeing tax revenue from legalized marijuana. In a few days, the Colorado Department of Revenue is due to report how much marijuana tax was paid there for January, the first full month of recreational sales anywhere ever.
You worked long and hard to save that retirement money. Now is the time to be wise about paying the least amount of taxes you can and keep all that you can.
The phrase "frozen assets" is one that strikes fear into the heart of many a wealthy citizen. Yet, for investors interested in protecting and passing on their wealth, there is a way to re-appropriate the concept of "frozen assets" in a beneficial and advantageous way.
Martin Feldstein has long been one of the country's top conservative economists. He has been an economics professor at Harvard University since 1967. He was president of the National Bureau of Economic Research (NBER) from 1977 to 2008.
House Ways and Means Chairman Dave Camp's tax reform plan hasn't generated a groundswell of support for comprehensive tax reform this year, but it off...
It goes without saying that one of the key drivers of the Mustached American experience in recent years has been the skinny jean and lower nose foliage-clad American hipster species. Now it's time to educate hipsters in non-ironic ways.
President Obama's new budget is a solid blueprint that would reduce deficits, alleviate poverty, and boost investment in areas needed for future economic growth, such as infrastructure, education, and research.
Now the ball is in Obama's court. Is he going to present a big plan that tries to tackle the serious long-term fiscal problems the nation faces?
As with most things tax-related, choosing whether to file jointly or separately as a married couple is a highly individual and complex decision. That's why we consulted two certified public accountants to find out how common it is for a married couple to file separately, what it means for your taxes and in which situations it may apply.
We've criticized it, but House Ways and Means Chairman Dave Camp's tax reform proposal has positive elements as well.
What does work is to invest in New Jersey's economic assets that made it an economic powerhouse: its transportation infrastructure connecting it to New York and Philadelphia, its well-educated workforce, its great public schools and its magnetism for striving immigrants.
If their boldness inspires President Obama and our nation to comprehensively reform and rebalance our federal fiscal framework in a manner fulfills its core commitments while nurturing economic vitality, they will have truly hit it out of the park.
With the most recent recession and America still trying to dig its way out of debt, many are balking at credit cards in a way that we never have before. With high interest rates and countless fees being tacked on to our debt, it seems like credit cards are used more as a torture device than a helpful crutch through difficult financial situations.
On revenue neutrality, the plan uses revenue-raising provisions whose savings taper off or disappear after the first decade, and it includes a major tax cut whose full costs don't appear in the first decade.