Federal Income Tax

WASHINGTON (AP) — Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled by the temporary reprieve. No matter what Congress does to address the year-end fiscal cliff, it's already...

WASHINGTON (AP) — Mitt Romney has given Democrats plenty of support for their claim he manipulated his deductions to keep his overall 2011 federal income tax rate above a certain threshold for political purposes. The Republican presidential...

INDIANAPOLIS (AP) — A new study of Indiana's business tax structure suggests the state's tax code discourages the small, home-grown businesses often considered the engines of job creation. The Ball State University study found several tax code...

(Elkhart, Kosciusko, Marshall and St. Joseph County) Starting January 17, VITA (Volunteer Income Tax Assistance) will begin free tax preparation & e-filing appointments for individuals and families in Elkhart, Kosciusko, Marshall and St. Joseph County...

LANSING, Mich. (AP) - Gov. Rick Snyder is taking on everyone from senior citizens to state workers, public schools to city halls in his first budget proposal as he works to get Michigan on sound financial footing. The new governor made good on his...

Recently my mother passed away and left my sister and me her $300,000 IRA. We met with her advisor and she suggested that we should divide the IRA into two equal portions and roll them over to my sister and me. She explained that neither of us would owe...

I am 55 years old and plan on retiring in 7 years. My wife and I both work and have saved religiously in our IRAs. Together we have a little more than $500,000 in those plans. I understand that since all the money invested in those plans were pre-tax...

Two years ago on their night of infamy, 1/11/11, General Assembly Democrats — and exclusively Democrats — voted to raise the Illinois personal income tax rate by 67 percent. Many Illinoisans have been furious about that sop to chronic...

The Board of Equalization encourages all qualifying Californians who need help with their income tax preparation to attend a free Volunteer Income Tax Assistance program event as the nation celebrates Earned Income Tax Credit Awareness Day. EITC...

Free E-File income tax preparation help will be available at sites across Kansas starting Monday, Jan. 28. One of the largest sites will be at the Docking State Office Building, 915 SW Harrison St., Room 163. The assistance sites are a partnership...

The year 2013 should be another strong one for agricultural equipment sales, thanks to a Jan. 1 change in the federal tax law, as well as overall strength in commodity markets and accumulated farm financial strength. Tom Vandendriessche, a farmer and...

I was very interested in your discussion about tax audits last week, and it made me wonder how does the Internal Revenue Service trace money that comes from things like office Super Bowl pools, cash earned at little odd jobs here and there, and other...