Browsing: Taxes

A newly proposed change to the tax code would require greater specificity from the IRS when it comes to logging and correcting simple accounting errors on Americans’ tax returns, a plan that could affect the way that millions of Americans claim the popular child tax credit (CTC). Currently, the IRS has the authority to fix…

A Boston city councilor is calling for a hiring freeze amid the economic uncertainty created by steadily declining commercial property values.

Mayor Michelle Wu's proposal to increase property taxes on businesses beyond the state limit is not due to unpaid real estate taxes, as city data shows a 99% collection rate, despite projected budgetary issues in Boston.

City Councilor Ed Flynn opposes the mayor’s plan to raise property taxes on businesses beyond the state limit, saying it would harm the struggling downtown office market.

If someone unexpectedly tries to rush you into a tax decision, they are likely a scammer. Here are five tips for spotting and avoiding tax scams this season.

Mayor Michelle Wu is thinking about proposing a law that would allow Boston to raise property taxes on businesses beyond the state limit, due to the expected decrease in commercial values that will result in higher taxes for homeowners.

State tax revenue fell last year by 4%, according to a Stateline analysis of U.S. Census Bureau estimates released this month. Revenue is still up since 2019 by about 28%, though, higher than the inflation rate of about 18% in that time.

A group of progressive lawmakers is renewing its push to increase taxes on the country’s wealthiest people. The proposal, reintroduced Tuesday, would create a 2 percent tax on households that are worth more than $50 million and a 3 percent tax on households worth more than $1 billion. It would affect the wealthiest 100,000 households…