Taxes

The U.S. Supreme Court ruled that a New York grand jury can subpoena President Trump’s tax returns, but separately said lower courts needed to reconsider whether Congress could subpoena his financial records. The 7-2 ruling in the New York grand jury case, written by Chief Justice John Roberts, says “Article II and the Supremacy Clause do not categorically preclude,...

The U.S. Supreme Court upheld the Manhattan district attorney’s demand for President Donald Trump’s tax returns, voting 7-2 that a New York grand jury can subpoena the president’s financial documents. In a separate ruling, the justices kept a hold on Trump’s financial records that Congress has been seeking, sending the case to lower courts.

Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said. The announcement came less than a week after Treasury Secretary Steven Mnuchin said that…

The interest is a sweetener for individuals who have been waiting months for a tax refund — because they either filed paper returns or require additional verification with the taxman — and have been stymied by the agency’s gradual return to operations amid the coronavirus outbreak.

People working from home can start taking stock of some new expenses that might be deducted when they do their taxes next year. Danielle Mackey, a certified public accountant, explains what you can do right now to start preparing your tax returns.

The Supreme Court appears likely to reject President Donald Trump’s claim that he is immune from criminal investigation while in office

Mayor Kenney proposed a budget that would raise taxes and lay off city workers. It also halts many previously planned upgrades to city services and buildings. NBC10 reporter Mitch Blacher breaks down the proposal.

If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the spread of Covid-19, refunds for meals or housing have varied from school to school. Still, when it comes to what you should do...

NBC10 Responds reporter Harry Hairston continues to answer your coronavirus-related questions. One viewer asked if people can still collect a stimulus check if they haven’t filed their taxes.

You’ll now have an extra 90 days, until July 15, to file and pay your federal income taxes. You are still allowed to file for an extension until October 15, just as you can during any other year. To do that, you have to file the extension form by April 15. The changes have rolled out over the course of the...

The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said. Mnuchin announced the decision in a tweet Friday saying that at President Donald Trump’s direction “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments…

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic

David Shulman, senior economist with the UCLA Andersen Forecast, explains how tax deferments are just the start of measures the federal government will need to keep the U.S. economy from slipping into a much worse situation.

President Donald Trump and the Coronavirus Task Force gave updates on the coronavirus pandemic on Tuesday, urging people to heed the CDC guidelines for at least 15 days and act with an abundance of caution. Secretary of the Treasury Steve Mnuchin later announced an IRS tax deferral for those who owe taxes.

Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February.

The majority of individual taxpayers in the U.S. are eligible to file their taxes for free, yet many may be unaware or confused by how to do so.

Having a new baby can not only change your sleep patterns, it can also change how you file your taxes.

Tax season has just started, but you can still find opportunities to cut your 2019 taxes if you know where to look. The IRS started accepting tax returns on Jan.27, kicking off the long march to April 15 — the deadline for taxpayers to pay last year’s liabilities.

The owner allegedly under-reported the pizzeria’s income by about $ 1.2M between 2012 and 2016 and avoided paying more than $ 400M in taxes

Last year’s tax season saw lots of disappointment over refunds. Many people had not adjusted their withholdings in light of the federal tax cut act. Tax experts say if you still haven’t done so, you should consider changing your withholdings on your W4, especially if you’re expecting big changes in 2020. NBC’s Chris Clackum reports.