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So you're a consultant now? Deduct like one

Jul. 19, 2009
When you join the ranks of the self-employed, you get access to a world of tax deductions and credits. Here are some that can save you a fortune in April. You may not like how your consulting career was born, but there are some benefits to being your own boss, not the least of which are federal...
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Biden releases 2008 tax returns

WASHINGTON, April 15 (UPI) -- U.S. Vice President Joe Biden and his wife released their 2008 federal and state income tax returns Wednesday, showing an adjusted gross income of $269,256.

Justices uphold municipal bond tax breaks

WASHINGTON, May 19 (UPI) -- The U.S. Supreme Court ruled Monday that states may give special tax breaks on interest from municipal bonds sold within their borders.

Bush and Cheney release 2005 tax returns

WASHINGTON, April 14 (UPI) -- President Bush and Mrs. George W. Bush and Vice President and Mrs. Cheney reported taxable income for the tax year 2005.

$2B in tax credits for lower-income growth

WASHINGTON, May 11 (UPI) -- U.S. Treasury Secretary John Snow Wednesday announced $2 billion in tax credit allocations to boost growth in poor communities.

Congressional groups find taxes equitable

WASHINGTON, Aug. 19 (UPI) -- The Congressional Joint Economic Committee said Thursday all U.S. taxpayers have benefited from the Bush administration tax cuts. The Congressional Budget Office study on tax rates "shows the benefit of tax relief for all taxpayers," said Rep. Jim Saxton,

CBO: Tax cuts made system more progressive

WASHINGTON, Aug. 16 (UPI) -- A Congressional Budget Office report says the share of federal income taxes paid by the highest earners has increased since the 2001 U.S. tax cuts.

Suit targets alleged 'sources' tax scheme

WASHINGTON, Feb. 18 (UPI) -- The Justice Department filed suit in Washington state Wednesday seeking to bar Jack Cohen of Tacoma from selling allegedly illegal tax schemes.

Oregon to plug tax breaks, loopholes

SALEM, Ore., May 23 (UPI) -- Oregon lawmakers were examining the tax code Friday in search of loopholes and tax breaks that could be eliminated and bolster the cash-strapped treasury. Large personal deductions and some business breaks are being targeted as an alternative to another t

Bush releases 2002 tax return

WASHINGTON, April 11 (UPI) -- President George W. Bush and first lady Laura Bush paid $268,719 in federal income taxes, according to the White House. The couple released copies of their joint 2002 tax return, which showed a taxable income of $771,940.

'Business activity tax' pushed

FRANKFORT, Ky., Jan. 22 (UPI) --
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler