The IRS released details Thursday on how it plans to use an infusion of $80 billion for improved operations, pledging to invest in new technology, hire more customer service representatives and expand its ability to audit high-wealth taxpayers.
Democrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all,
The General Assembly’s finance committee on Thursday advanced a long list of tax proposals from the majority Democrats that could end up in a final budget agreement, including a new “consumption tax” and capital gains tax on higher income taxpayers and a new child tax credit for qualified families.
Connecticut residents, businesses and landlords are getting a three-month grace period on taxes due to the COVID-19 pandemic
Gov. Ned Lamont’s administration has hired a private consultant to evaluate the efficiency of Connecticut’s state government workforce and help prepare for the large number of state employees who are anticipated to retire by 2022.
The Connecticut Department of Revenue Services is moving to put more cash in businesses’ pockets as their sales dry up due to the coronavirus pandemic.
Connecticut has extended the deadline for filing personal state income tax returns to July 15 because of the coronavirus outbreak.
A new analysis by the state’s largest association of cities and towns shows 79 Connecticut municipalities increased property tax rates for the new fiscal year.
The state Senate’s top Democrat says lawmakers should offset negative impacts of the new federal tax law on many Connecticut taxpayers.
A group of Connecticut lawmakers is pushing to include higher taxes on the wealthy in the next state budget.
Democrat Ned Lamont was sworn in as the 89th governor of Connecticut on Wednesday, pledging to be a “straighter shooter, an honest broker and a good listener” who will not allow the state’s budget challenges to define the next four years.
A man from Orange has been sentenced to prison for failing to pay employment taxes.
Were fears overblown that changes to the federal tax law would trigger plunging home values?
Not sure what to make of the massive tax overhaul? Don’t worry, you’ve got some time to figure it out.
Gov. Dannel P. Malloy is urging Connecticut lawmakers to quickly fix language in their bipartisan state budget concerning a hospital tax, warning that the hundreds of thousands in federal revenue generated by the tax could be at risk.
A former Windsor resident has been charged by indictment with one count of filing a false tax return and one count of obstructing the administration of federal tax laws.
As curbside recycling has grown, environmentalists around the United States find themselves fighting to protect decades-old bottle recycling programs that critics say are becoming obsolete.
Connecticut homeowners pay the fourth highest real estate and vehicle tax rates in the country, according to a recent study by WalletHub.
President-elect Donald Trump’s pick for U.S. Treasury secretary, Steven Mnuchin, said on Wednesday the administration would target tax reform and trade pact overhauls as top priorities as they seek to achieve 3 percent to 4 percent economic growth.
