Latest Tax refunds News

Task force: Businesses feigned moving to get tax credits

Jul. 9, 2020 8:41 PM EDT

TRENTON, N.J. (AP) — Businesses applying for lucrative tax credits from New Jersey from 2013 to 2019 said they planned to relocate out of state in order to get awards but never intended to move, a task force proving the incentives said Thursday. The New Jersey Tax Incentive Task Force released its third...

Funding approved for housing in 6 New Mexico communities

Jul. 8, 2020 12:11 AM EDT

ALBUQUERQUE, N.M. (AP) — The New Mexico Mortgage Finance Authority has approved more than $74 million for eight housing developments in six communities around the state. The funding comes through the federal low-income housing tax credit program. The projects will result in more than 260 new apartments...

Powerbroker loses bid to reinstate lawsuit against governor

Jul. 6, 2020 1:10 PM EDT

TRENTON, N.J. (AP) — A state appellate court on Monday rejected an influential political powerbroker's request to reinstate his lawsuit over Gov. Phil Murphy’s business tax credit task force. Murphy, a Democrat, set up the task force in January 2019 to investigate alleged abuses at the New Jersey...

Solar power continues growth in Minnesota

Jul. 6, 2020 1:02 AM EDT

MANKATO, Minn. (AP) — Thomas Rekstein no longer minds looking at the electric bill for his Great River Insurance business on North Riverfront Drive. “My electric bill used to be $4,500 annually, now it’s down to $1,200 a year.” Rekstein, who had 38 solar panels installed on the roof...

In a August 28, 2018 photo, Bangor Christian Schools sophomore Olivia Carson, 15, of Glenburn was dropped off on the first day of school by her mother, Amy Carson in Bangor. The Carsons are one of three Maine families that are challenging the prohibition on using public money to pay tuition at religious schools after a recent U.S. Supreme Court decision. States can’t cut religious schools out of programs that send public money to private education, a divided Supreme Court ruled Tuesday, June 30, 2020. Two states with existing private education programs, Maine and Vermont, could see quick efforts to force them to allow religious schools to participate. (Gabor Degre/The Bangor Daily News via AP)

Maine, Vermont next in fight over aid to religious schools

Jul. 1, 2020 11:45 AM EDT

PORTLAND, Maine (AP) — A U.S. Supreme Court decision that says states can’t cut religious schools out of programs that send public money to private education could breathe new life into efforts to force Maine and Vermont to help fund religious educations. A lawsuit by three families in Maine who...

Sen. Mike Fesi, R-Houma, standing, speaks with Sen. Louie Bernard, R-Natchitoches, on the Senate floor in the final hours of Louisiana's special legislative session, on Tuesday, June 30, 2020, in Baton Rouge, La. (AP Photo/Melinda Deslatte) (AP Photo/Melinda Deslatte)

Louisiana lawmakers pass tax breaks as virus recovery effort

Jun. 30, 2020 7:29 PM EDT

BATON ROUGE, La. (AP) — In their special session that ended Tuesday, Louisiana lawmakers agreed to expand and extend business tax credits, exemptions and incentive programs, bills that were pitched as a coronavirus recovery tactic and are estimated to siphon millions from the treasury each year. ...

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)

Supreme Court lifts ban on state aid to religious schooling

Jun. 30, 2020 1:11 PM EDT

WASHINGTON (AP) — States can't cut religious schools out of programs that send public money to private education, a divided Supreme Court ruled Tuesday. By a 5-4 vote with the conservatives in the majority, the justices upheld a Montana scholarship program that allows state tax credits for private...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: Some taxpayers face a desperate wait for refunds

Jun. 29, 2020 6:44 AM EDT

As a 58-year-old woman on disability, Robin Short of Wallingford, Connecticut, relies on her tax refund to catch up on bills. She filed her return electronically in February, opting for direct deposit so she could get her $773 refund quickly. She’s still waiting, as are millions of others. The IRS is...

This April 8, 2020 photo, Gage Darby, Calhoun Drug Company compounding pharmacy technician, pours the alcohol into a bucket as he prepares a mixture of hand sanitizer for healthcare workers at the pharmacy in Calhoun, Ga. The pharmacy is following a mixture approved by the Federal Drug Administration. The sanitizer will be used at medical facilities during the COVID19 pandemic.  (Alyssa Pointer/Atlanta Journal-Constitution via AP)

Georgia to give tax credits to protective equipment makers

Jun. 27, 2020 10:04 AM EDT

ATLANTA (AP) — Makers of personal protective equipment in Georgia will get a $1,250-a-job tax break for the next five years, with lawmakers saying they want to aid the businesses during the COVID-19 pandemic. The House voted 110-58 to agree to changes in House Bill 846 on Friday, sending it to Gov. Brian...

Measures that passed or failed in Georgia General Assembly

Jun. 26, 2020 10:13 PM EDT

ATLANTA (AP) — Lawmakers in the Georgia General Assembly on Friday are concluding the regular 2020 session of the General Assembly after a months-long recess because of COVID-19. Besides their annual duty of passing a budget to govern state spending, here's a look at the fate of some other significant...