Latest National taxes News

Georgia joins effort to fund menstrual products in schools

Mar. 26, 2019 3:29 PM EDT

ATLANTA (AP) — Every weekday at a middle school near Atlanta, a half-dozen or so students visit the school nurse to get sanitary pads. Their reasons vary: Their mothers don't provide them; they don't have the money; they forgot to bring them; their friends need them. "It's every issue that can be named,"...

French yellow vest protests in Paris avoid last week's riots

Mar. 23, 2019 7:39 PM EDT

PARIS (AP) — Scattered yellow vest protesters clashed with French police firing tear gas Saturday after a peaceful march through Paris, but tougher security measures and protest bans in high-risk neighborhoods prevented the kind of rioting that devastated the capital a week ago. The 4-month-old movement...

Trump to nominate conservative Stephen Moore for Fed board

Mar. 22, 2019 5:12 PM EDT

WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst and frequent critic of the Federal Reserve, to fill a vacancy on the Fed's seven-member board. Moore, a well-known and often polarizing figure in Washington political circles, served as...

Treasury grants further relief on IRS withholding penalties

Mar. 22, 2019 2:32 PM EDT

WASHINGTON (AP) — The Treasury Department announced Friday that it is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first year of a sweeping tax overhaul. Treasury said that taxpayers will be able to avoid penalties for paying too...

2 church leaders admit to operating tax fraud scheme

Mar. 20, 2019 4:24 PM EDT

NEWARK, N.J. (AP) — Two high-ranking members of a New York-based church pleaded guilty Wednesday to a scheme to siphon millions of dollars from church members for personal use and not pay taxes on the money. Jermaine Grant and Lincoln Warrington, both of New Jersey, each pleaded guilty to one count of...

APNewsBreak: Congress' inaction endangers black lung fund

Mar. 20, 2019 1:49 AM EDT

COEBURN, Va. (AP) — Former coal miner John Robinson's bills for black lung treatments run $4,000 a month, but the federal fund he depends on to help cover them is being drained of money because of inaction by Congress and the Trump administration. Amid the turmoil of the government shutdown this winter, a...

White House foresees long economic boom where others don't

Mar. 19, 2019 12:14 AM EDT

Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure. The annual report from President Donald Trump's Council of Economic Advisers...

Federal appeals court OKs tax-free housing for clergy

Mar. 15, 2019 9:19 PM EDT

MADISON, Wis. (AP) — A federal appeals court ruled Friday that a law giving clergy tax-free housing allowances is constitutional, overturning a ruling in Wisconsin that said it was an unconstitutional benefit and delivering a huge win to religious leaders who had fought to keep the substantial benefit. The...

7 tax changes investors should watch for as they file

Mar. 15, 2019 11:57 AM EDT

Americans will face a slew of new rules during the first tax-filing season with the Tax Cuts and Jobs Act of 2017 in effect. Here's what changed for investors: 1. NO DEDUCTION FOR INVESTMENT EXPENSES For taxpayers who itemize, the 2 percent miscellaneous itemized deduction was a handy catchall bucket for expenses...

Institute founded by Sanders' wife, son is shutting down

Mar. 15, 2019 12:23 AM EDT

CONCORD, N.H. (AP) — The Sanders Institute, a think tank founded by Democratic presidential candidate Bernie Sanders' wife and son, is shutting down, at least for now, amid criticism that the nonprofit has blurred the lines between family, fundraising and campaigning. The Vermont-based institute has...