WASHINGTON -- Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and char...
President Barack Obama understands just how critical small businesses are to the American economy. That's why he's cut taxes for small businesses eighteen times since taking office.
Despite sustained criticisms from the oil industry and his presumptive general election opponent on energy issues, President Barack Obama has, in rece...
If the memory of hours spent hunting for and organizing paperwork for tax season is still fresh in your mind, maybe it's time to do some financial spring cleaning so preparing next year's taxes won't be such an ordeal.
OKLAHOMA CITY -- Attorney General Scott Pruitt is warning Oklahomans about fraudulent tax refund schemes that involve criminals that are trying to che...
President Obama's proposed Fiscal Year 2013 budget includes a new provision for hybrid and electric car tax credits that would broaden the program, in...
The nation is waiting to hear what President Obama is going to say tomorrow night, when he gives an address to a joint session of Congress on the subj...
The government's recent $8,000 cash incentive for first-time home buyers has proved even more costly for recipients than for taxpayers, according to d...
WASHINGTON -- The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn't qualif...
SMITHFIELD, N.C. (CNNMoney) -- The Wards couldn't believe the news when their tax preparer called to tell them they're getting a $54,000 refund this y...
Internal Revenue Service Commissioner Douglas Shulman said the Obama administration has not decided whether the IRS would process tax returns and issu...
Weekly Pulse: GOP Plays Chicken with the Debt CeilingBy Lindsay Beyerstein, Media Consortium blogger Sen. Jim DeMint (R-SC) is calling for a "big show...
Extend the HIRE Act and make sure that one of the better incentive programs continues to encourage employers to give jobs to those who need them the most.
Manufacturers with revenues under $50 million should pay close attention to the Small Business Jobs Act, particularly the elimination of the Alternative Minimum Tax barrier regarding business tax credits.
The news from the National Association of Realtors for August is fairly brutal and speaks for itself:
"Existing-home sales, which are completed trans...
Thinking about buying a home? You might want to proceed cautiously. The housing market may continue to decline, potentially for at least three more ye...
It's time to put questions about the future availability of the R&D credit to rest so that companies will stop discounting its value and take full advantage of it as a key driver of innovation.
Millions of Americans are out of work, and things aren't going to get much better for a very long time, unless the government acts boldly. The Senate "compromise" doesn't offer any real relief.
We economists love to say that everything takes place on the margin. Now is the time to lower the relative cost of the lower paying jobs more hiring is done at this level.