Taxes

The pink tax: What is it, and what products are affected?

Last week, Burger King announced that it would sell Chick Fries (or, the brand's Chicken Fries in a pink box) for the same price as its Chicken Fries. Chick Fries usually cost twice as much, the brand said, but they equalize the prices for one day only. It was a viral marketing stunt to call...

Monday, July 30, 2018 - 3:58pm

Millionaire's tax will not be on Mass. ballot in November, SJC rules

Massachusetts voters will no longer have the opportunity to weigh in on whether or not the state should impose the so-called millionaire's tax, an income surtax on the state’s highest earning residents, after the state’s highest court struck the question from the November...

Monday, June 18, 2018 - 5:05pm

Boston City Councilor wants to help residents repay back taxes

Boston City Councilor Lydia Edwards has called for a hearing to help residents repay their back taxes. Seniors and low-income homeowners in Boston who may be “house rich, cash poor” can fall behind on property taxes, she said in a release, and then face a “hurdle” trying to...

Wednesday, April 25, 2018 - 12:45pm

Why everybody — yes, that's you! — needs a financial adviser

Most of us don’t think we need a financial planner. Maybe you’re one of the lucky ones who can pay their bills and throw a few dollars toward their 401K every month. Or maybe you live paycheck to paycheck and all you do is worry about money. Thing is, there are things both of these...

Friday, April 20, 2018 - 6:11pm

What happens if I missed the tax deadline?

The unthinkable happened. Normally you’re a planning machine, but this year the months just got away from you. You missed the tax deadline. Now what? You don’t know anyone who hasn’t filed or paid their taxes on time, so you’re in uncharted territory here. Luckily, you have...

Thursday, April 19, 2018 - 12:55pm

Need some cheering up on Tax Day? Here are the funniest tweets about it

Today marked Tax Day 2018. Since April 15 — the typical designated date of Tax Day — fell on a Sunday this year and Monday was Emancipation Day, April 17 became the lucky deadline to file your taxes. via GIPHY It was reported earlier that Trump filed an extension for his 2017 tax...

Tuesday, April 17, 2018 - 4:35pm

Is the post office open late on Tax Day this year?

Today’s the day, folks, and you know what that means: eagerly waiting for your tax refund, some perfectly timed deals on food and drinks and the longest lines at the post office. In the past, the post office hours on tax day have been extended to accommodate those long lines of people getting...

Tuesday, April 17, 2018 - 10:05am

How to file taxes for free — even at the last minute

You’re in panic mode. Tax Day 2018 is basically here already and you’re nowhere close to hitting send on those tax forms. In fact, you haven’t even started. Instead of dwelling on how you should have taken care of it a month ago — life happens, give yourself a break —...

Monday, April 16, 2018 - 4:29pm

All the Tax Day deals in NYC, from free coffee to $10.40 specials

If you’re having an especially difficult tax season, get to The Wayfarer in Midtown where all alcoholic beverages are half off on April 17 — beginning at 7 a.m. The Rambler (Old Forester bourbon, peach, ginger, mint, beer float) should help get you in the seasonal spirit. 101 W. 57th St...

Monday, April 16, 2018 - 3:47pm

How long is a tax extension?

April 15 (or April 17 as it so happens this year) is out of the question. Your taxes simply aren’t going to get done. There’s no point in beating yourself up about it; sometimes life just gets in the way, even when it comes to important things like filing your taxes. That’s why...

Monday, April 16, 2018 - 11:56am

How do I file for a tax extension, and is filing for an extension bad?

You’re not going to make it. You had grand plans to file your taxes this year way ahead of the rush — you even got all those discount emails from several tax filing firms — but life just got in the way. Somewhere between all the weekend shopping and errands and straight exhaustion...

Wednesday, April 11, 2018 - 12:12pm

Why are taxes due on April 17 not April 15?

It’s not that you’re ungrateful. You appreciate each and every second of those extra few days to track down your W2 and finally file your 2018 taxes. But, why are taxes due on April 17? Isn’t that dreaded date generally April 15? First of all, no, you haven’t been turning...

Tuesday, April 10, 2018 - 3:41pm

Brooklyn food pantry helps keep tax refunds in communities that need it most

Ben Franklin said that “nothing can be said to be certain, except death and taxes.” Another certainty that likely wasn’t around when he made that statement in 1789 is the often exorbitant cost of getting said taxes done each year. Many tax services often charge clients a fee...

Monday, March 26, 2018 - 5:03am

With tax day approaching, AG warns of scams

With tax day quickly approaching, New Yorkers should be on high alert to avoid tax scams, warns state Attorney General Eric T. Schneiderman. Such cons his office receives complaints about include scammers impersonating Treasury Department, IRS and other government officials or using falsified...

Monday, March 19, 2018 - 10:53am

When are taxes due 2018?

Good on you. It’s still February and you’re already asking when are taxes due 2018. You’ve probably already received some tax forms in the mail from your employer, bank, maybe a student loan company. But it all keeps trickling in, and you’re not quite sure when the deadline...

Monday, February 19, 2018 - 11:48am

Private investigator admits to misusing Trump's Social Security number to obtain his tax information

Jordan Hamlett, a private investigator from Louisiana, plead guilty Monday for using President Trump’s social security number to try and get a hold of the president’s federal tax information. Hamlett, 32, failed after several attempts of trying to retrieve Trump’s tax...

Tuesday, December 12, 2017 - 1:55pm

GOP tax bill could tax some people at over 100%

Last week, Senate Democrats accused Republicans of rushing their partially written tax bill to an vote before low- and middle-income Americans could fully learn how it would affect them. As it turns out, the nation's highest earners might also have howled in the light of day: The bill would tax...

Tuesday, December 12, 2017 - 11:54am

GOP tax bill will kill 10,000 people a year, says economist Larry Summers

About 10,000 Americans will die from lack of health insurance each year if the GOP tax bill goes into effect, said Larry Summers, the former Treasury Secretary under President Clinton and White House economic adviser to President Obama, on Monday, while other economists say the tax-cut plan will...

Wednesday, December 6, 2017 - 3:41pm

GOP tax-cut bill is less popular with Americans than previous tax hikes

Only about a third of Americans support the GOP tax plan which includes cuts, making it less popular than even tax hikes conducted by the George H.W. Bush and Clinton administrations, according to an average of polls calculated by FiveThirtyEight. Thirty-two percent of Americans approve of the...

Monday, December 4, 2017 - 2:16pm

Trump would get more than $40 million in annual benefits from GOP tax plan: Report

Although President Trump said his accountant told him, 'You're going to get killed" by the Republican tax-cut bill, he would actually get more than $40 million in annual benefits from it, economic analyst Steve Rattner said on Friday. The bill scheduled for a Senate vote as of Friday...

Friday, December 1, 2017 - 5:03pm