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PublishedMay 12, 2024
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
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PublishedMay 10, 2024
Your tax refund could be bigger this year. Here’s what to do with it.
Experts generally advise putting it toward debt and savings, but, for many people, that's unrealistic.
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PublishedApril 26, 2024
Mills vetoes bill restructuring income tax brackets
The bill aimed to reduce the tax burden for middle-income residents while also raising taxes on the wealthy, but Gov. Janet Mills said it would not provide meaningful relief and could create challenges for state budgeting.
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PublishedApril 12, 2024
Maine lawmakers endorse higher tax brackets for wealthier residents
Both the House and Senate this week passed a bill that lowers state income taxes for low- and middle-wage earners.
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PublishedMarch 25, 2024
The IRS has 940,000 unclaimed tax refunds from 2020. Is one of them yours?
People in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
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PublishedFebruary 25, 2024
Gov. Mills proposes exempting all Maine nonprofits from sales tax
The change, which would cost the state about $10 million annually, is necessary to simplify the tax code and reduce confusion, officials say.
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PublishedFebruary 6, 2024
IRS to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act.
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PublishedJanuary 24, 2024
State web portal now open for filing Maine personal income tax returns
Maine Revenue Services is offering free webinars for individuals and tax professionals on how to use the online portal to file, pay and manage state income tax returns.
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PublishedDecember 14, 2023
Opinion: Tax reform key to solving housing, health care crises
We have two systems of support in this country: welfare and tax breaks.
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PublishedDecember 12, 2023
Maine officials accuse IRS of reversing pledge by taxing $450 state energy payments
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.
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