You may qualify for a tax credit to help offset the cost of health insurance. That credit is generally paid directly to your health insurance company. You, then, only pay the part of the premium that the credit doesn't cover. But, getting that credit requires you to file a tax return to reconcile your payments and actual credit due. Sound confusing?
My CBPP colleague Chuck Marr flags something important from a recent press release by Rep. Dave Camp, the Republican Chair of the tax writing committee in the House. In just a few words, the Congressman manages to make some truly scary assertions.
Though I surely did not become more conservative with age or my first paycheck, I found a few things that I do not want my tax dollars funding. Unless we stand up for our values and make an attempt to have some say in where our tax dollars are going, we are complicit in the very types of oppression to which we are ideologically opposed.
ITFA was enacted in 1998 with strong bipartisan support, and it has always included a "grandfather clause" that allowed states and localities that were taxing Internet access to keep doing so. Despite its long history, there's widespread misunderstanding about the grandfather clause in the current debate about renewing ITFA.
The full House next week will consider the Ways and Means Committee's recently passed Child Tax Credit bill. A recent Tax Policy Center analysis confirms our previous critical assessments of the proposal, finding that it would make many relatively affluent people better off while making low-income working families poorer.
Policymakers should approve legislation that strengthens the bipartisan response from a decade ago -- and soon. Waiting for corporate or international tax reform will only invite more tax avoidance-driven corporate exits.
From getting married to having a baby or even getting divorced, use our tips to help keep more of your money in your pocket.
The Paul Ryans of America have lost the bet fair and square. The tax cuts experiment has had plenty of time to show results, but the only people whose economic situations have improved since the Bush tax cuts are the wealthiest 1 percent of society.
When it considers IRS funding, the Senate should take a stronger stand for honest taxpayers by rejecting all cuts and giving the IRS the resources it needs to do its job. The president should accept no less.
The epidemic of tax inversions represents just one of many ways corporations are dodging their taxes by taking advantage of our outdated and rigged corporate tax system.
For the first time since 1998, lawmakers are seriously considering permanently extending the moratorium on new state and local sales taxes on Internet access service and eliminating the "grandfather clause" exempting existing taxes -- changes that could cost states $7 billion a year in potential annual revenue.
Nations must have larger interests at heart than the narrow arbitrage interests of corporations that act like economic pirates. You can pay the ransom, but they'll still make you walk the plank
Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.
he process of debating and revising Jefferson's declaration continued on July 3 and into the late morning of July 4. In the evening of July 4, 1776, the Second Continental Congress "unanimously" approved the final wording of the Declaration of Independence.
The federal Highway Trust Fund is running out of money, and some senators have proposed to fix the problem by raising gas taxes. This, however, is the wrong solution because it treats the symptom, and not the underlying reason for the shortfall.
When the annual reckoning with the IRS rolls around, their willingness to help out entitles them to write-offs for unreimbursed expenses incurred while they do volunteer work for rescue groups like the Humane Society of the U.S and the ASPCA.