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Parents Could Face Tax Charges, Big Fines in Admissions Scam

BOSTON — A wide-ranging college admissions cheating scheme allowed wealthy parents not only to get their kids into sought-after schools but to write off the bribes on their taxes, federal authorities say. Now some parents who are already facing possible pri...
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IRS Recalling 46,000 Workers to Handle Taxes

WASHINGTON — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The e...
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New IRS Rule on Deductions Hits Some High-Tax States Hard

CHERRY HILL, N.J. — New rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction. Last year's Republican tax overhaul put a $10,000 cap on deductions for state and local income taxe...

Did Tax Reform Put More Money in Your Paycheck?

Have you seen more money in your paycheck this month? It could be due to the tax cuts passed in late December. The Internal Revenue Service released its revised withholding tables last month and essentially all businesses were expected to comply by the end ...