Biden budget would cut taxes for millions. Here's who would qualifiy.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
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President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
Gov. Maura Healey has introduced the Municipal Empowerment Act, which hopes to give cities and towns the ability to raise certain taxes and could mean increases coming to your neighborhood.
WBZ TV's Tiffany Chan reports.
Massachusetts has had seven straight months of tax revenues falling short and some are blaming the so-called Millionaire's Tax which was approved by voters.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
Monday is the official start of tax season, which means it's the first day the Internal Revenue Service will begin accepting tax returns.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
WBZ TV Political Analyst Jon Keller spoke with the State Treasurer of Massachusetts, Deborah Goldberg, about the state of Massachusetts's finances and the impact of sports betting.
The excise tax is a fee charged to those who own a car, but why do we have it in the first place?
Millions of Americans wait until the last minute to file their taxes. Most will have a short wait to get their checks from the agency.
Filing tax returns can be a slog, but the majority of individual federal taxes are paid by a small slice of Americans.
Some taxpayers would enjoy an increase in after-tax income, but payments for others likely would jump.
The tax agency is warning not to fall for social media advice to file a fake W2 in the hope of getting a big refund.
Healey proposed changes to the tax code that she said will bring Massachusetts in line with other states, making it a more attractive place to live, work and do business.
The $750 million package focuses on affordability, competitiveness, and equity.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
The IRS says most in Massachusetts will not have to report the tax rebate they received last year.
Millions of taxpayers in the state had been told to hold off on filing their taxes.
WBZ TV's Kate Merrill reports.
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.
