Latest Property taxes News

Pakistani PM's party wants ex-president out of parliament

Jan. 21, 2019 6:08 AM EST

ISLAMABAD (AP) — Pakistani Prime Minister Imran Khan's party is asking the country's top court to disqualify ex-President Asif Zardari from parliament and bar him from politics for allegedly concealing assets abroad. Khurram Sher Zaman, a provincial lawmaker from the Pakistan Tehreek-e-Insaf party,...

New rental tax worries some shore renters, homeowners

Jan. 19, 2019 10:42 AM EST

TRENTON, N.J. (AP) — A new tax in New Jersey on short-term lodging such as Airbnb rentals is rattling some property owners and renters who worry that it could deal a blow to the state's multi-billion dollar shore tourism industry by pushing people to consider other destinations. Democratic Gov. Phil Murphy...

Gov. Baker: Tax hike will help towns address climate change

Jan. 18, 2019 3:46 PM EST

BOSTON (AP) — Gov. Charlie Baker is proposing an increase in the state excise tax on real estate transfers to help Massachusetts communities better prepare for the effects of climate change. Baker said Friday the plan will be included in his proposed state budget for the fiscal year that begins July 1. The...

California governor brings personal touch, fresh focus

Jan. 11, 2019 7:18 PM EST

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom held his toddler son during his inaugural address, spent nearly two hours discussing his state budget with reporters and engaged in two Twitter spats with the president. Newsom, 51, took office Monday and quickly dove into governing the nation's most populous...

Liz Weston: 3 money tasks you need to do right now

Jan. 7, 2019 2:03 PM EST

Most financial to-do lists focus on what you need to get done by Dec. 31, but there's also a brief window early in the new year to save yourself some significant cash. Here are three tasks to consider doing now: 1. AVOID TAX PENALTIES If you live in a high-tax area, have a bunch of children or otherwise take a...

Republicans, Democrats speak to Walker's legacy

Jan. 6, 2019 11:42 PM EST

MADISON, Wis. (AP) — Prominent Democrats, Republicans and political observers answer the same question: What will be Scott Walker's legacy? ___ Republican U.S. Sen. Ron Johnson "Governor Walker devolved power away from Madison and public sector unions, giving local governments the ability to balance their...

Powerful Chicago council member charged in federal probe

Jan. 3, 2019 10:02 PM EST

CHICAGO (AP) — One of the most powerful and longest-serving City Council members in Chicago history appeared in federal court Thursday on a charge that he tried to shake down a major fast-food restaurant chain seeking city remodeling permits. Alderman Ed Burke, 75, is charged with one count of attempted...

Kushners buying 4th New Jersey property in tax-break zone

Dec. 20, 2018 7:36 PM EST

NEW YORK (AP) — Jared Kushner's family company is buying another property in a New Jersey beach town where developers can get big tax breaks thanks to a new federal program pushed by Kushner and his wife, Ivanka Trump. The Kushner Cos. is negotiating to buy land already approved for retail space and...

Greece is recovering but its taxpayers face years of pain

Dec. 20, 2018 10:23 AM EST

ATHENS, Greece (AP) — Greece is finally recovering from a fiscal crisis that stretched on for years. But for many taxpayers, the anguish is far from over. With a 350 billion euro ($400 million) bill still to pay after eight years of international bailouts, the country's tax office is resorting to...

How taxpayers can deal with new state, local deduction caps

Dec. 19, 2018 11:09 AM EST

If you paid a lot of state and local taxes in 2018, buckle up this tax season — new laws cap how much of those payments you can deduct on your federal tax return. That means more of your income could be taxable this year. But before you worry too much, here are a few suggestions from tax pros on how to...