Latest Personal taxes News

Walz touts opportunities from massive $17.6B budget surplus

Dec. 06, 2022 17:18 PM EST

ST. PAUL, Minn. (AP) — Minnesota lawmakers learned Tuesday they will head into the 2023 legislative session with a massive $17.6 billion projected budget surplus, and Gov. Tim Walz said he would like to return some of that money to taxpayers with rebate checks. “The golden...

Florida lawmakers set to meet on ailing insurance market

Dec. 06, 2022 12:56 PM EST

TALLAHASSEE, Fla. (AP) — The Florida Legislature will meet next week for a special session on property insurance and property tax relief in the wake of damage caused by Hurricane Ian, officials announced Tuesday. The leaders of the Florida House and Senate issued the proclamation...

Liz Weston: Make the most of new rules for charitable giving

Dec. 05, 2022 11:01 AM EST

Most people no longer get a tax deduction when they donate to charity. That shouldn’t keep you from making donations, but you may want to change your approach. Typically, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers...

IG: Tax audits in years of Comey, McCabe reviews were random

Dec. 01, 2022 13:00 PM EST

WASHINGTON (AP) — A watchdog investigation initiated after the tax returns of two former FBI directors were subjected to intensive audits during the Trump administration has concluded that the reviews from those years were conducted at random. The Treasury Inspector General for Tax...

Treasury making Trump taxes available to House committee

Nov. 30, 2022 17:32 PM EST

WASHINGTON (AP) — The Treasury Department said Wednesday it has complied with a court order to make former President Donald Trump's tax returns available to a congressional committee. The Supreme Court last week rejected Trump’s request for an order that would have prevented the...

Editorial Roundup: United States

Nov. 28, 2022 14:28 PM EST

Excerpts from recent editorials in the United States and abroad: Nov. 23 The Washington Post on regaining trust in the ethics of the U.S. Supreme Court Once again, the Supreme Court is finding its ethics under scrutiny. Last week, Justice Clarence Thomas...

Editorial Roundup: Minnesota

Nov. 23, 2022 07:11 AM EST

Minneapolis Star Tribune. November 16, 2022. Editorial: Where have all the candidates gone? Quality contenders are in short supply, and too many Minnesota elections are one-horse races. Increasingly, Minnesota voters are encountering ballots with...

Supreme Court OKs handover of Trump tax returns to Congress

Nov. 23, 2022 01:43 AM EST

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump's tax returns to a congressional committee after a three-year legal fight. The court, with no noted dissents, rejected Trump's plea for an order that would have...

Ohio court sides with NASCAR in challenge to broadcast tax

Nov. 22, 2022 16:29 PM EST

COLUMBUS, Ohio (AP) — The Ohio Supreme Court ruled Tuesday that the state's attempt to tax NASCAR for broadcasting its races in Ohio was unlawful. At issue before the court was whether the state tax commissioner properly subjected those broadcasts to Ohio’s commercial activities...

Supreme Court clears way for handover of Trump tax returns to congressional committee after 3-year legal fight

Nov. 22, 2022 14:36 PM EST
WASHINGTON (AP) — Supreme Court clears way for handover of Trump tax returns to congressional committee after 3-year legal fight.