A dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program. The legislation, the What You Can Do for Your Country Act, would dramatically expand the pool of student loan borrowers who are eligible to have their debt cancelled. Sens. Tim Kaine (D-Virginia), Elizabeth Warren (D-Massachusetts),
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When “shall” means “not any time soon.” To the surprise of no one, Treasury Secretary Steven Mnuchin refused to comply with House Ways & Means Committee chair Richard Neal’s request for the past six years of President Trump’s tax returns by Neal’s deadline of yesterday. Mnuchin claimed the request was partisan, though the law appears
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Getty Ready to file your federal income tax return? If you owe taxes, don’t forget to pay what you owe by Tax Day. If you pay your taxes in full by April 15, 2019, you’ll avoid additional penalties and interest. Here are several options for paying your tax bill this year: 1. Pay by cash. It
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Crude can’t crank higher unless it stays above the key $60 level, says expert technician Louise Yamada. Tightening global supplies have proved bullish for the commodity this year, with U.S. West Texas Intermediate crude prices currently hovering near five-month highs. But the upward action has also been quite volatile, as economic and geopolitical factors have
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As April 15 approaches, it is fashionable to complain about how complicated the tax system is. And it is. But it’s time to recognize that, by providing “one-stop shopping” for a wide range of public programs, the income tax simplifies citizens’ interaction with government. Legislators have chosen to run many social programs through the tax
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Low-income and minority taxpayers were more likely to use expensive tax preparation offerings like refund advances and refund transfers, according to a report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time. Andrew Harrer/Bloomberg The GAO report, and recent disclosures about a provision
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