Taxes

The Tax Implications of Buying a Home

The housing market is forecast to heat up this spring as more buyers enter the market, but they should know the tax liabilities of owning a home.

3 Top Tax Breaks for Middle-Class Americans

Reading up on taxes isn't a lot of fun, but being able to shave thousands of dollars off your tax bill certainly is. Here are three valuable tax breaks for middle-class Americans that can shave thousands of dollars off of tax bills.

Kansas lawmakers mix up stew of tax hikes, school aid cuts

Top Republican legislators in Kansas on Tuesday cooked up an unappetizing budget-balancing stew of personal income tax increases and education spending cuts, defying GOP Gov. Sam Brownback on taxes and past court rulings on education funding.

Arkansas House passes bill aimed at collecting Amazon taxes

Amazon would be required to tell Arkansas customers they owe the state sales tax under a bill approved by the House Tuesday, one of two efforts by lawmakers to recover millions in tax revenue from the e-commerce giant.

Wolf seeks cuts, revenues to plug $3B budget gap

Gov. Tom Wolf asked lawmakers Tuesday to help fill a $3 billion projected deficit by imposing a tax on Marcellus Shale natural gas production and signing off on potentially touchy cuts in spending, including transportation aid to schools.

Rep. McCarthy: Tax Reform on Pace to Get Done Within Trump's First Year

Tax reform was a top priority for President Trump during his campaign, but there are mounting concerns it could be pushed back to later in 2017. House Majority Leader Kevin McCarthy (R-Calif.) detailed the Congressional Republicans’ timetable for achieving tax reform.

Made Home Improvements Last Year? You Could Get a Tax Break

Tax season is in full swing and that means we're all on the lookout for any breaks we can get. And if you made some improvements to your home last year, you may be rewarded for it. We break down a few home improvements that could potentially mean a break on your taxes in 2017.