Latest Personal taxes News

3 states sue Trump administration over tax workaround

Jul. 17, 2019 3:21 PM EDT

Connecticut, New Jersey and New York sued the Trump administration Wednesday over an IRS rule that weakens the states' attempts to work around a cap on state and local tax deductions. Attorneys general for the three states filed the lawsuit against the Treasury and IRS in federal court in New York. The suit...

Lawmakers slash personal income taxes in state budget deal

Jul. 16, 2019 8:23 PM EDT

COLUMBUS, Ohio (AP) — Ohio would cut personal income taxes by 4%, keep a debated business tax break and change how pharmacy benefits are administered for Medicaid users to boost transparency and control those costs under a proposed two-year state budget passed Tuesday by a conference committee. The...

Top French minister resigns over alleged lavish lifestyle

Jul. 16, 2019 8:18 PM EDT

PARIS (AP) — The No. 2 official in the French government resigned Tuesday following media reports that he has been living a lavish lifestyle at taxpayer expense, including hosting lobster and Champagne soirees and ordering up exorbitant renovations of his ministerial apartment. With the French yellow vest...

The Latest: 4% tax cut, pharmacy compensation in Ohio budget

Jul. 16, 2019 8:02 PM EDT

COLUMBUS, Ohio (AP) — The Latest on the crafting of Ohio's next two-year state budget (all times local): 8 p.m. The latest version of Ohio's proposed two-year state budget would cut personal income taxes by 4%, keep a debated business tax break and change how pharmacy benefits are administered for Medicaid...

Records show former US Rep. Scott Taylor late on taxes again

Jul. 13, 2019 4:10 PM EDT

NORFOLK, Va. (AP) — Records show former Republican U.S. Rep. Scott Taylor has accumulated overdue property tax bills in Virginia for at least the second time. The Virginian-Pilot reports Taylor owes the city of Norfolk $1,097 on two properties he owns. A law firm that handled recent closings on the...

Biden earned more than $15 million after leaving White House

Jul. 10, 2019 6:05 AM EDT

WASHINGTON (AP) — Joe Biden and his wife, Jill, took in more than $15 million since leaving the Obama White House, according to newly released documents, catapulting the Democratic presidential candidate into millionaire status and denting the working-class aura he's developed over decades. Long fond of...

The Latest: GOP leader blasts effort to release Trump taxes

Jul. 9, 2019 1:29 AM EDT

ALBANY, N.Y. (AP) — The Latest on a new law in New York that could allow President Donald Trump's state tax returns to be handed over to Congress (all times local): 2:55 p.m. The leader of the New York Republican Party says a new law allowing President Donald Trump's state tax returns to be handed over to...

GOP scoffs at law allowing release of Trump's state taxes

Jul. 8, 2019 2:59 PM EDT

ALBANY, N.Y. (AP) — President Donald Trump's New York tax returns could be given to Congress under a new law in his home state that was signed Monday by the Democratic governor and dismissed by Republicans as a partisan game that wouldn't stand up in court. The measure signed by Gov. Andrew Cuomo directs...

House committee files lawsuit for Trump tax returns

Jul. 2, 2019 2:56 PM EDT

WASHINGTON (AP) — A House committee sued the Trump administration in federal court Tuesday for access to President Donald Trump's tax returns, setting up a legal showdown over the records. The House Ways and Means Committee said it needs the documents for an investigation into tax law compliance by the...

House committee files lawsuit against the Trump administration seeking President Donald Trump's tax returns

Jul. 2, 2019 11:50 AM EDT
WASHINGTON (AP) — House committee files lawsuit against the Trump administration seeking President Donald Trump's tax returns.