Taxes

It may be time to stop itemizing your taxes

Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for receipts and filling out extra forms to itemize?

2 attorneys general to subpoena Trump Organization, Treasury

The attorneys general of the District of Columbia and Maryland plan to file subpoenas Tuesday seeking records from the Trump Organization, the Internal Revenue Service and dozens of other entities as part of a lawsuit accusing Donald Trump of profiting off the presidency.

Lamont warned about unemployment trust fund's insolvency

Among the challenges Connecticut's incoming governor faces: an insolvent unemployment compensation fund that could ultimately cost the state's employers hundreds of millions of additional dollars in payments.

How to make the most of the child tax credit this year

The wallet-emptying experience of raising kids understandably fuels a lot of interest in the child tax credit, but thanks to some big changes recently, the fascination could reach Tickle Me Elmo-like proportions.