Tax Law 
9 deductions to claim in your income tax return – Economic Times
But there are also some inconspicuous sections of the Income Tax Act, which offer further savings to taxpayers. If you satisfy certain conditions, you can use these to bring down your tax liability. The problem is that many tax filing … Continue reading
Obama calls for extension of middle-class tax cuts – USA Today
“The best way to figure out if Mitt Romney is complying with American tax law is to have him release more of his tax returns.” There is no indication Romney has not paid all the taxes he might owe. Louisiana … Continue reading
Quinn signs veterans’ tax credit into law – St. Louis Post-Dispatch
Legislation that gives Illinois employers more incentive to hire veterans is law. Gov. Pat Quinn signed a bill Monday that increases the state tax credit for employers who hire veterans from 10 percent to 20 percent of annual wages. It … Continue reading
In tax debate, is it ‘tax cuts’ or just the status quo? – msnbc.com
Although nothing in tax law is truly permanent, if anything in the past few decades has the appearance of permanency, it is the current income tax rates. But the current rates are simply the ones that Congress and the president … Continue reading
Obama’s call for middle-class tax cut extension: three key points (+video) – The Christian Science Monitor
“It’s time to let the tax cuts for the wealthiest Americans – folks like myself – to expire,” said Mr. Obama in an East Room appearance before an audience of about 150. The president said he might act differently on … Continue reading
Congress week ahead: Healthcare, tax votes and more gridlock – Los Angeles Times
“This healthcare law just flies in the face of what America is supposed to be, and repealing it would revitalize our economy and the values upon which our country was founded.” At the same time, the proposed tax measure is … Continue reading
Obama’s call for middle-class tax cut extension: three key points – The Christian Science Monitor
“It’s time to let the tax cuts for the wealthiest Americans – folks like myself – to expire,” said Mr. Obama in an East Room appearance before an audience of about 150. The president said he might act differently on … Continue reading
One man’s tax cut is another man’s tax increase. – Washington Post
… percent chance that President Obama’s tax proposal will become law before this fall, what the debate to come will test is which side can make a more convincing argument to that sliver of undecided voters who will almost certainly … Continue reading
Obama challenges Republicans to extend some Bush tax cuts – Reuters
Romney has suggested Congress wait to act on the issue until January, when he hopes to take office. His campaign said on Monday Obama’s move would amount to a “massive tax increase” on families, job creators and small businesses. “It … Continue reading
Obama Pushes Tax Cut Extension That Excludes Wealthiest – New York Times
While Mr. Obama returns to the tax issue this week, House Republican leaders will press forward Wednesday with a vote to fully repeal his health care law, testing their faith that they can make the law part of their attack … Continue reading
