taxes
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PublishedNovember 17, 2024
Dairy task force recommends boosting subsidy to preserve Maine farms
A draft report calls for additional taxes on gambling, cannabis or cigarettes to help stabilize funding for the subsidy program that protects Maine's struggling dairy farms.
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PublishedOctober 22, 2024
Taxpayers will get higher standard deductions in 2025, IRS announces
It's rising to $15,000, up $400 from this year.
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PublishedSeptember 14, 2024
U.S. hostages still owe taxes. Congress might not help.
Congress agrees the law must be changed, but efforts to change it are stuck amid other contentious issues.
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PublishedSeptember 12, 2024
Biden administration releases plans for new minimum tax on large companies
The new minimum tax on large companies by the Biden administration aims to raise $250 billion over the next decade.
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PublishedSeptember 6, 2024
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS credits spending that has ramped up collection enforcement through President Biden's signature climate, health care and tax package signed into law in 2022.
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PublishedAugust 21, 2024
South Portland revaluation prompts outcry
The majority of residents' property taxes will be going up with the projected revaluation.
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PublishedAugust 18, 2024
Wicked good: How ‘sin taxes’ are contributing to Maine’s healthy budget outlook
Revenue from levies on alcohol, tobacco, marijuana and gambling have risen sharply in the last five years, and now account for $353 million a year – 7% of the state's $5.1 billion annual budget.
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PublishedAugust 7, 2024
Americans tapped $8 billion in tax credits on green home energy upgrades last year
Far more taxpayers than projected claimed the Inflation Reduction Act incentives on solar panels, heat pumps and other climate-friendly projects, data shows.
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PublishedJune 21, 2024
Democrats’ plan to tax the rich and corporations begins to take shape
Pressure is already mounting from the party’s left flank to insist on sharp increases in the corporate tax rate and on the highest individual earners – and not to agree to any compromise with Republicans otherwise.
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PublishedJune 20, 2024
Portland may ask tax-exempt property owners for voluntary revenue help
The city has about $3 billion worth of property owned by entities such as churches and colleges that do not pay property taxes.
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