Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

A tax deduction business owners love is set to expire at end of 2025

Aug 20, 2024
Policy experts say the benefits of the "pass-through" deduction, part of the 2017 tax law, mostly help wealthy business owners.
In 2017, demonstrators protested the Republicans' Tax Cuts and Jobs Act, which made a controversial "pass-through" deduction law.
Saul Loeb/AFP via Getty Images

New Jersey offers residents incentives to sue New York

Apr 25, 2024
The move centers around taxes paid by New Jersey residents whose jobs are in New York and had to pay taxes there.
New Jersey residents who succeed in suing over income taxes paid to New York would be allowed to keep half of the tax dollars they recover, according to a new state law.
Leonardo Munoz/AFP via Getty Images

A tax refund is a lifeline for a lot of Americans

Mar 4, 2020
Last year, after the Tax Cuts and Jobs Act of 2017 went into effect, a lot of people saw their tax refunds shrink or disappear.
Joe Raedle/Getty Images

IRS releases final rules on deductions for "pass-through" businesses

Jan 18, 2019
You won't find a lot of simple yes-and-no answers in the 247-page document.
Win McNamee/Getty Images

Confusion reigns for some businesses over "pass-through" deduction

Jan 14, 2019
Some companies are unsure whether a 20 percent income deduction applies to them.
Under the new tax law, LLCs and S corporations pay taxes based on their owner’s personal income instead of the corporate tax rate.
Tim Boyle/Getty Images

What to expect on the new tax law in 2019

Dec 28, 2018
We’re still learning how the tax law is playing out and what it all means.
Anticipating a high volume of calls and the ensuing backlog, the IRS is urging people to prepare as much as possible this tax season.
Joe Raedle/Getty Images

For public good, not for profit.

As corporate earnings season rolls on, winners and losers emerge

Tariffs are costing some companies plenty. Others are immune, at least for now, and benefiting from tax cuts.
“We have the highest prices in the world right now for aluminum and steel,” said Kristin Dziczek, a vice president at the Center for Automotive Research. Above, Ford Mustangs are assembled at a plant in Flat Rock, Michigan, in 2004.
Bill Pugliano/Getty Images

As corporate earnings season rolls on, winners and losers emerge

Tariffs are costing some companies plenty. Others are immune, at least for now, and benefiting from tax cuts.
“We have the highest prices in the world right now for aluminum and steel,” said Kristin Dziczek, a vice president at the Center for Automotive Research. Above, Ford Mustangs are assembled at a plant in Flat Rock, Michigan, in 2004.
Bill Pugliano/Getty Images

African-Americans, women and millennials have more economic anxiety than the rest of the country

Mar 7, 2018
Whether your economic anxiety has increased or decreased in the last year depends on who you are, according to the latest Marketplace-Edison Research Poll.
Pedestrians walk by a building advertising available retail space on Lexington Avenue on February 8, 2018 in New York. 
DON EMMERT/AFP/Getty Images