Latest National taxes News
State relief plans take shape at New Mexico Legislature
SANTA FE, N.M. (AP) — An economic relief package is taking shape at the New Mexico Legislature as a Senate panel endorsed a $600 rebate to low-income workers and a separate bill that would waive licensing fees on liquor stores. Residents of New Mexico who earned up to $31,200 during 2020 would be eligible...
Debate heats up over how countries tax Big Tech companies
FRANKFURT, Germany (AP) — An international debate over how countries tax big U.S. technology companies such as Google, Amazon and Facebook is heating up, presenting a challenge for President Joe Biden's new administration. A mid-year deadline is on the horizon for talks about a global deal to defuse trade...
Millennial Money: 3 things to know if you’re new to gig work
Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. ...
Maine can't afford same tax credit as feds on pandemic aid
AUGUSTA, Maine (AP) — The Mills administration told lawmakers Monday the state cannot afford to fully mirror federal tax cuts on pandemic aid that funneled into Maine, saying it would cost $100 million. Republicans pushed backed, saying more needs to be done to help hard-hit businesses. Several billion...
Liz Weston: The tax credit fix many can't afford to miss
Families battered by the pandemic recession soon may discover that the tax refunds they’re counting on are dramatically smaller — or that they actually owe income tax. Congress offered a partial solution, but the fix hasn’t been widely publicized, consumer advocates say. Refunds are crucial...
Georgia job market mixed; Kemp spends cash to stop tax hike
ATLANTA (AP) — Georgia's job market flashed mixed signals in December, with employers adding more people to payrolls and the unemployment rate ticking down even as the labor force shrank. The new figures were released Thursday as Budget Director Kelly Farr told lawmakers that Gov. Brian Kemp's...
UK, EU in spat over diplomatic status of bloc's ambassador
LONDON (AP) — Britain has sparked a post-Brexit spat with the European Union by declining to grant the bloc’s first-ever ambassador to the country full diplomatic status. Joao Vale de Almeida is the 27-nation EU’s envoy to the U.K., which left the bloc last year. The EU says he should be...
Brunswick abandons longtime plan for convention center
BRUNSWICK, Ga. (AP) — Officials in a coastal Georgia city are abandoning a decades-long plan to build a convention center and hotel, seeking to use money set aside for the project to reduce property taxes. Brunswick city commissioners on Wednesday unanimously approved a resolution declaring the proposed...
AP FACT CHECK: Trump's fiction in his goodbye to Washington
WASHINGTON (AP) — In his final remarks as president, Donald Trump tried to take credit for accomplishments of his predecessor and even those to come under President Joe Biden. Falsehoods suffused his farewell remarks Wednesday morning and the night before, though he was spot on with this: “We were...
AP FACT CHECK: Trump's farewell falsehoods
On his way out, President Donald Trump claimed credit for things he didn't do and twisted his record on jobs, taxes, the pandemic and much more. Falsehoods suffused his farewell remarks to the country. As well, in noting Americans were “horrified” by the storming of the Capitol this month, he...
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