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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 1-12
  • 'Fiscal cliff' deal approved, avoiding tax increases, spending cuts

    'Fiscal cliff' deal approved, avoiding tax increases, spending cuts
    A bipartisan plan to avoid federal spending reductions and tax increases that would hit Maryland especially hard won final approval Tuesday night in the House of Representatives even as outside groups warned that the bill would simply delay difficult...
  • At last, state gets good budget news

    For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good fiscal news: Neither tax increases nor drastic budget cuts are likely to be needed to balance the budget. The improved forecast...
  • Marylanders brace for taxes as part of 'fiscal cliff' deal

    Marylanders brace for taxes as part of 'fiscal cliff' deal
    Regardless of whether the president and Congress strike a deal or take the nation headfirst over the "fiscal cliff," federal taxes for some Marylanders will increase next year — and under some scenarios the pain could be worse than in other states....
  • Congressional candidate profiles

    MEET THE CANDIDATES   When Marylanders head to the polls Nov. 6, they will elect members of the U.S. Senate and House of Representatives in addition to casting their ballots for president. Dozens of people are running for a chance to represent the...
  • What surplus?

    What surplus?
    You stumble upon some extra money lying around the house — some spare change behind the sofa cushions or the equivalent. You might be pleased with your unexpected good (albeit only modestly so) fortune, but you probably wouldn't be looking to...
  • A plan that helps retirees and Maryland

    A plan that helps retirees and Maryland
    The next several years will see a flood tide of a new kind of retiree — the rollover retiree. Millions of baby boomers will be transitioning into retirement without the comfort of the old-fashioned monthly pension check, but rather with a lump sum...
  • State budget surplus greater than expected

    State budget surplus greater than expected
    Maryland finished the most recent budget year with nearly $1 billion in unspent funds, a surplus that was more than 50 percent higher than expected, mostly due to stronger-than-anticipated income tax receipts, officials said Thursday. "It is...
  • In Howard, seeds of optimism

    In Howard, seeds of optimism
    Just as the first green sprouts of spring give rise to optimism for better days ahead, there are hopeful economic signs in Ellicott City, where Howard County Executive Ken Ulman this week proposed a budget that — wait for it — anticipates...
  • How Harford Powerball winners' $108.8 million became $43.4 million

    The Harford County couple who recently won the multi-state Powerball jackpot has not gone public, but they did receive their winnings, according to state lottery officials. Their check worked out to about 40 percent of what the Powerball publicity...
  • Changes you may encounter while preparing this season's tax return

    Changes you may encounter while preparing this season's tax return
    For taxpayers who are procrastinators, this is your year. Not only is the Internal Revenue Service asking those with more complex returns to hold off filing until mid-February, but the usual tax deadline has been extended three days, to April 18, because...
  • Gambling's most taxing issue

    Gambling's most taxing issue
    This Wednesday's planned opening of the half-billion-dollar Maryland Live! Casino at Arundel Mills marks a red-letter day in Maryland gaming history. The scale of the enormous, 330,000-square-foot facility is stunning: It will eventually house 4,750...
  • About 21,000 high earners paid no federal income tax

    About 21,000 high earners paid no federal income tax
    A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes. If you're like me, your first question is: How can that be? Your possible next question: Can I get that kind of tax...