IRS says Mass. tax rebate does not need to be counted as taxable income
Millions of taxpayers in the state had been told to hold off on filing their taxes.
Watch CBS News
Millions of taxpayers in the state had been told to hold off on filing their taxes.
The IRS is trying to determine whether tax rebates, issued in Massachusetts and many other states last year, count as income.
WBZ TV's Kate Merrill reports.
Government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
WBZ TV's Liam Martin reports.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
The I-Team has learned Massachusetts is one of the areas of greatest concern. We've been told gangs based in the Lawrence area with links to the Dominican Republic are very active in this area.
When ESA's were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts.
Must I provide a Social Security number to any business or government agency that asks?
These were the Educational IRAs that had a name that made no sense.
The Sixers are headed to the second round of the NBA playoffs after defeating the Celtics in Game 7 on Saturday night.
Brice Matthews hit a three-run homer and made a leaping catch at the center-field wall to rob Willson Contreras of a hit that spoiled a potentially big inning, leading the Houston Astros to a 6-3 victory over the Boston Red Sox on Saturday.
Firefighters and police rescued two people and a dog from the frigid Essex River after their boat began to sink Friday night.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Boston Celtics player Jayson Tatum is dealing with some "left knee stiffness" and won't play in Game 7 against the Philadelphia 76ers.
The second-seeded Celtics made their earliest exit from the playoffs since the 2020-21 season.
Firefighters and police rescued two people and a dog from the frigid Essex River after their boat began to sink Friday night.
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
An idea born in the dorms at UMass Amherst is quickly becoming a national music movement on college campuses.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
A family is demanding answers from the Gloucester, Massachusetts school district, after learning their five-year-old son was left alone in a quiet room for nearly half an hour.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
A Dorchester woman says Boston Police opened fire through her closed apartment door and the bullets went into her 5-year-old son's bedroom.
The I-Team has learned the Massachusetts Dept. of Health wants to take away pepper spray and non-lethal restraints from Tewksbury State Hospital safety officers.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Maine Governor Janet Mills' run for Senate comes with an unusual promise - she will only serve one six-year term.
The "dirty soda" trend is coming to drive-thrus all over Massachusetts as Dunkin' is now serving up its own version of the viral drink.
Smokey Bones is closing all of its restaurants, including Massachusetts locations in Tyngsboro and Taunton.
Boston ranks right up there with Hawaii as one of the most expensive vacation spots in the country, according to a new report.
The Market Basket Board of Directors was justified in firing longtime CEO Arthur T. Demoulas, a judge ruled Monday.
April 20 is Patriots' Day and Marathon Monday in Massachusetts. Here's what's open and what's closed.
Spectacle Island in Boston Harbor is a 114-acre destination just 4 miles from downtown Boston.
A modern school with a historic aesthetic, St. Benedict Classical Academy in Natick blends contemporary design with timeless style.
The Lexington Minute Men represent the original colonial militia who fought in the first battle of the American Revolution.
In the middle of Maine's forests lies the Desert of Maine, a surprising stretch of rolling sand dunes formed when farming practices exposed ancient glacial sand.
Known for her vibrant, handcrafted pottery, Boston artist Jill Rosenwald has made a name for herself in the industry.
The Sixers are headed to the second round of the NBA playoffs after defeating the Celtics in Game 7 on Saturday night.
Brice Matthews hit a three-run homer and made a leaping catch at the center-field wall to rob Willson Contreras of a hit that spoiled a potentially big inning, leading the Houston Astros to a 6-3 victory over the Boston Red Sox on Saturday.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Boston Celtics player Jayson Tatum is dealing with some "left knee stiffness" and won't play in Game 7 against the Philadelphia 76ers.
The Sabres beat the Boston Bruins 4-1 on Friday night in Game 6 to advance to the second round of the NHL playoffs for the first time since 2007.
A Boston man says he's lucky to be alive after jumping into the Charles River to save his dog.
Little Joe the gorilla is leaving Boston after decades at the Franklin Park Zoo.
There's been another sighting of an unusual killer whale named Old Thom in the waters off Massachusetts.
A soccer coach in Ludlow, Massachusetts plans to pay it forward after winning big on a lottery scratch ticket.
The Rumney Rocks Climbing Area is partially closed as nesting peregrine falcons could attack rock climbers.