The table below summarizes the tax legislation enacted by the General Assembly during its 2023 Regular Session and approved by Gov. Youngkin that will ...

The alternative minimum tax, or AMT, is a different, yet parallel, method to calculate a taxpayer’s bill. It applies to people whose income exceeds a certain level and is intended to close the ...

The meals and entertainment deduction is changing in 2023. Keep reading for what you need to know about this valuable tax deduction.

Here are five year-end tax planning moves to make before Dec. 31, to save money at tax time next year.

The department of Internal Revenue Services (IRS), officially kicked off this year's tax filing season on January 23, 2023. With the tax agency expecting over 168 million individua ...

CT has one of the most volatile tax streams in the country. Here's a look at the state's income tax receipts from Wall Street since 2010.

Just because the deadline to file 2023 taxes is far away in April, you shouldn't procrastinate. Most Americans are due a refund check. You may be one.

The Internal Revenue Service (IRS) have modified the income tax withholding tables for 2023, as it also did in previous years. Meanwhile, employers can still use the optional comp ...

Did Gov. Ned Lamont offer the largest tax cut in Connecticut history? By one standard, yes. Here's the data.

No matter your age, investment goals or financial objectives, you can take steps to optimize deductions and potentially reduce your tax burden.

On Tuesday the IRS announced its annual adjustments to the standard deduction and tax brackets for the 2023 tax year. They are a considerable increase over 2022. This is a response to ongoing ...

The 2023 tax filing season is probably most notable for what’s missing: After three years of stimulus payments and pandemic tax breaks, nearly all of those extra benefits have faded away — and ...