Tax season can be a windfall or a wipeout for your budget. Which camp you fall into likely depends on whether you get a refund — or a tax bill — from the IRS. If you find that you owe ...

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The new year will bring new charges for some owners of electric vehicles, as an increasing number of states seek to plug in to fresh revenue sources to offset forgone gas taxes. In Hawaii, the charge will be $50. In ...

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The U.S. trade deficit declined in July, including the gap with China that has been the focus of President Donald Trump’s tariffs. The Commerce Department said the gap between the goods and services the U.S. buys and what it sells ...

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Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The ...

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Rising tensions over trade have dimmed Americans’ opinions of China. A new Pew Research Center poll finds that 60 percent say they have an unfavorable view of China — up from 47 percent last year to the highest proportion since ...

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Straining to stave off threatened U.S. tariffs, Mexican and American officials claimed progress in White House talks, but President Donald Trump said Thursday that a “lot of progress” must be made to halt the import taxes he is holding out ...

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A university and the federal government have agreed to resolve a lawsuit over taxing medical residents.

Saint Louis University sued the U.S. government last fall alleging it overpaid $24.6 million in Social Security and Medicare taxes from 1995 through March 2005.

Several other teaching medical programs have made similar claims, including Barnes-Jewish Hospital, which sued seeking a nearly $25 million refund.

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Homemakers, rejoice! If you cook dinner for your loved ones, you just might be able to deduct the stove from your family’s taxes next year. That, claims the Missouri director of revenue, is the level of absurdity possible if the ...

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Wealthy individuals who would rather give money to their children than the government may have a limited opportunity to put some assets in trusts that let them transfer wealth tax-free. Grantor-retained annuity trusts, known as GRATs, or irrevocable, intentionally defective ...

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What’s the deal with Democrats and higher taxes? Once they gain political power, it’s like some kind of addiction. They seem driven to raise taxes, particularly on upper-income earners. Recall that soon after Bill Clinton was elected president in 1992, ...

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Double-digit unemployment looms. The country is in a funk. The federal budget deficit is widening to an extent not seen in decades. This scenario isn’t new. It also describes the U.S. in 1982. Somehow, the 1980s and the 1990s turned ...

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