Income Tax

A state board revised down estimates on tax revenues for this year and the next, projecting that Maryland would be tens of millions short both years mostly on expectations that income tax receipts will be off.  Maryland's Board of Revenue Estimates...

Determined to avoid deep cuts to state spending, a Senate committee voted Thursday to approve an increase of roughly one-quarter of a percent in Maryland's income tax rate and to shift part of the state's teacher pension costs to the counties, though at a...

Maryland income taxes would rise and a split in teacher pension costs with local governments would be phased in  over four years instead of one, under changes to Gov. Martin O’Malley’s budget plan approved Thursday by the Senate Budget and...

(ARA Content) - Are you among the millions of Americans who scramble every year to meet Uncle Sam's income tax filing deadline? The Internal Revenue Service (IRS) estimates that one-third of Americans wait until the last minute to file their personal...

Maryland's General Assembly faces another year of "difficult choices" as it takes up the governor's budget. So it's surprising to me that lawmakers don't turn more readily to what should be an easy choice: closing loopholes in the corporate income tax...

This week, the focus in Annapolis will be on the state's 2013 budget and the compromise struck by the Senate's Budget and Taxation Committee over education spending. Teachers, school boards, county executives and other local government leaders would be...

Cook County Commissioner William Beavers was indicted Thursday on charges he failed to pay taxes on tens of thousands of dollars in campaign funds that he used to pay off personal expenses. But the storied, tough-talking 77-year-old Democrat denied the...

House Speaker Chris Donovan has proposed raising the minimum wage in Connecticut from $8.25 an hour to $9 on July 1 and to $9.75 the following July — and in the future having it rise with inflation. Currently, only Washington has a minimum wage...

Mayor Rahm Emanuel today gave an impassioned defense of the city’s effort to intercept millions in state income tax refunds from people across Illinois who owe City Hall money. The speech came after the City Council approved the plan 41-8. “...

LANSING  (AP) -- Michigan Gov. Rick Snyder and Republican lawmakers pushed through a series of far-reaching tax changes in 2011 that will hand businesses drastically lower tax bills while raising the amounts low-income workers and retirees will pay as new...

In announcing a proposal to shift some teacher pension costs to local counties this past week, Maryland Gov. Martin O’Malley said local jurisdictions haven’t had enough incentive to control salaries because the state has borne the cost of...

This year’s income tax filing season is two days longer than usual, but some taxpayers still might feel overwhelmed, an IRS spokeswoman said this week. As a result of Washington, D.C.’s observance of Emancipation Day on April 16, the deadline...