The enactment of this tax credit bill is a win for farmers who donate to food banks, it's a win for our neighbors who struggle to put food on the table, and it's a win for the Commonwealth in terms of reduced long-term costs associated with a healthy, well-fed population.
Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.
Come January 2014, comprehensive, affordable health coverage will finally become a reality for millions of Americans, and the tax-credit subsidies will be a health care game changer. States must work to inform their residents of this opportunity for assistance.
While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.
Filing a tax return extension can remove the failure-to-file penalty, which is the larger penalty on a monthly basis, but it will not remove the failure-to-pay penalty.
If you're planning to file an extension because you might owe taxes, you should know that an extension only extends the deadline for the forms to be filed. It is not an extension to pay your any taxes you owe.
India is actually at the forefront of providing affordable medicine to its citizens, which is a vast improvement over the healthcare system in the US.
The attention given to private school issues in policy debates and news stories may leave the impression that private schools play a greater role in American education than they do.
What if I offered you -- them -- a solution that scratched both of those itches at once... a way to simultaneously both cut spending and raise revenues? That would be irresistible, right?
Youth unemployment can be sharply reduced by creating a Human Investment Tax Credit program which will generate up to 6 million jobs and create as many as 4 million small firms while providing generous incentives to employ young people.
The struggle to make ends meet and the incidental factors that accompany living in poverty conditions, such as sleep deprivation, poor health care, long commutes to work, lack of free time to further education, etc. -- all make it nearly impossible for such people to train themselves.
WASHINGTON -- More than 115,000 people in the United States wait today for a lifesaving organ transplant. That list, which keeps growing, once include...
It's smart to back industries like wind, for a number of reasons. First, jobs in clean energy and other green sectors create pathways out of poverty and help American families thrive.
One of the most disappointing parts of this week's budget deal is its disparate treatment of a lavish estate tax break for the nation's wealthiest heirs as compared to several tax credit improvements for low-income working families.
The final agreement to avoid certain tax increases and spending cuts passed both houses of Congress late Tuesday, staving off several measures that wo...
Rather than voting to move forward with a balanced plan to protect low- and middle-income people and prevent service cuts that will stall our economy now and for years to come, the House will only be allowed to vote to do the following:
While much of Washington is consumed by the debate over tax cuts scheduled to expire next year, a big package of tax breaks already expired this year....
WASHINGTON -- A bipartisan group of legislators said Wednesday that the failure to expand a critical subsidy for renewable energy could cost Americans...
Middle-income households and homeowners in expensive real-estate markets are still the biggest losers when it comes to Republican presidential nominee...
President Obama is committed to protecting our veterans at home, just as they have protected us abroad. He has enacted a comprehensive and far-reaching package of reforms to protect military families and ensure they get the treatment, support and honor they deserve.
Although it's tempting to let such mistakes slide, chances are the IRS will discover the error eventually, and when they do you could be liable for interest and penalties going back to the due date of the original tax return.
New York's Steiner Studios, among the biggest soundstages outside California, could expand significantly in the coming years, according to a report to...
(Reuters) - When Julie Uhrman, chief executive of gaming start-up Ouya Inc, went looking for funding to launch a new video gaming console, she turned ...
Marriage does indeed have many financial ramifications -- both good and bad -- and several involve the dilemma over whether to file income taxes together or separately. Let's sort through the noise.
Contrary to what many self-employed individuals believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on their federal and state returns when they are unable to recover amounts due from clients and customers.
