Latest Personal taxes News
Gov. unveils tracing program; court rules on inmate release
BOSTON (AP) — Gov. Charlie Baker announced a new contact tracing program Friday that he said will help the state limit the further spread of COVID-19 in Massachusetts. The program will focus on alerting individuals who may have come in contact with someone who tested positive for COVID-19 so they can...
Memo: Some in US may not get stimulus checks until August
WASHINGTON (AP) — The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo obtained by The Associated Press. The document...
Boost the schmooze? Trump wants tax dining deduction back
WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump is seizing on the pandemic crisis to push for an item on his economic wish list:...
What you need to do to get your government stimulus check
The IRS and the Treasury Department say Americans will start receiving their economic impact checks within the next few weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus outbreak. Most...
Virus spreads and car sales, energy prices, markets tumble
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds value and...
What you need to do to get your government stimulus check
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus outbreak. Most...
Liz Weston: Don't give your adult kids your house
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t. Transferring your house to your kids while you’re alive may avoid probate, the court process that otherwise follows death. But gifting a home also can result in a big,...
Hawks no more: Fiscal conservatives embrace rescue package
NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many cases, the...
Visitors told to quarantine; health commish tests positive
BOSTON (AP) — All visitors arriving in Massachusetts are being asked to self-quarantine for 14 days as the state tightens its efforts to slow the spread of the coronavirus, Gov. Charlie Baker said Friday. The Republican governor said travelers coming into Massachusetts through the state’s airports...
Staying afloat: $2.2 trillion bill offers economic lifeline
WASHINGTON (AP) — In the coronavirus crisis, even doctors can face a cash crunch. Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries. He’s cut his staff’s hours sharply and is...
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