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This Is Uncomfortable

For people who qualify, free tax prep assistance is available

by Renata Sago Apr 9, 2018
As tax day approaches, many Americans are rushing to tax preparers for paid help. The National Society of Accountants found in a survey last year that Americans paid tax preparers $176 on average to file federal and state returns. That’s…

New York's wealthy balk at the new tax law

by Ryan Kailath Jan 9, 2018
They pay half of the city's income tax revenue. Now that they can't deduct it, some may leave.
At age 71, Diane Gilman finally got her dream penthouse on Fifth Avenue in New York City.
Ryan Kailath/Marketplace

Cutting the federal income tax rate is just a start, some economists say

by Andy Uhler Nov 9, 2017
Gary Cohn, President Donald Trump’s chief economic adviser, told CNBC this morning that it would be hard for the current tax bill to reduce federal tax rates further for a family earning median income without going into negative tax rates. But…

Key question on the GOP tax plan: What’s your ZIP code?

by Tracey Samuelson Nov 2, 2017
The GOP tax bill as written gets rid of deductions for state and local income taxes and would cap state and local property tax deductions at $10,000. It would also limit the mortgage interest deduction by capping it at $500,000…

Think of the alternative minimum tax as the government's 2-drink minimum

by Nancy Marshall-Genzer Oct 9, 2017
It's designed to ensure all taxpayers pay their fair share, including those with higher incomes.
Alternative tax filers have to file their taxes twice, under form 1040 and form 6251. The higher tax is paid.
Tim Boyle/Getty Images

How tax withholding became the norm for American workers

by Adriene Hill Jul 31, 2017
Not everyone thinks automatic deductions for state and federal taxes are a good idea.
Justin Sullivan/Getty Images

Voters head to the polls in Britain today

by Stephen Beard May 7, 2015
What impact does the economy has on the outcome of this day?

Invest in Marketplace today

Ask not what Marketplace can do for you, but what you can do for Marketplace.

Winner takes all (minus the taxes)

by David Brancaccio Apr 14, 2015
As luck would have it

Not all taxes are created equal

by Adam Allington Jan 14, 2015
A new study says local taxes are hitting low-wage earners much harder than others.

Early bird alert! You can file your taxes starting today!

by Sally Herships Jan 31, 2014
Plus, 10 simple reasons to file your taxes early.