Latest Tax refunds News

In a August 28, 2018 photo, Bangor Christian Schools sophomore Olivia Carson, 15, of Glenburn was dropped off on the first day of school by her mother, Amy Carson in Bangor. The Carsons are one of three Maine families that are challenging the prohibition on using public money to pay tuition at religious schools after a recent U.S. Supreme Court decision. States can’t cut religious schools out of programs that send public money to private education, a divided Supreme Court ruled Tuesday, June 30, 2020. Two states with existing private education programs, Maine and Vermont, could see quick efforts to force them to allow religious schools to participate. (Gabor Degre/The Bangor Daily News via AP)

Maine, Vermont next in fight over aid to religious schools

Jul. 1, 2020 11:45 AM EDT

PORTLAND, Maine (AP) — A U.S. Supreme Court decision that says states can’t cut religious schools out of programs that send public money to private education could breathe new life into efforts to force Maine and Vermont to help fund religious educations. A lawsuit by three families in Maine who...

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)

Supreme Court lifts ban on state aid to religious schooling

Jun. 30, 2020 1:11 PM EDT

WASHINGTON (AP) — States can't cut religious schools out of programs that send public money to private education, a divided Supreme Court ruled Tuesday. By a 5-4 vote with the conservatives in the majority, the justices upheld a Montana scholarship program that allows state tax credits for private...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: Some taxpayers face a desperate wait for refunds

Jun. 29, 2020 6:44 AM EDT

As a 58-year-old woman on disability, Robin Short of Wallingford, Connecticut, relies on her tax refund to catch up on bills. She filed her return electronically in February, opting for direct deposit so she could get her $773 refund quickly. She’s still waiting, as are millions of others. The IRS is...

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home.  (AP Photo/Keith Srakocic)

Existing home sale plunge 9.7% in 3rd straight monthly drop

Jun. 22, 2020 10:34 AM EDT

WASHINGTON (AP) — Existing home sales in the U.S. plunged 9.7% in May. It was the third straight monthly decline and further evidence of the harm the virus pandemic has done to the housing market. The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally...

FILE- In this April 23, 2020, file photo a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak is shown in San Antonio. Compounding the hardships of coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks. On Tuesday, June 9, Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., called on the Health and Human Services inspector general's office to issue a warning to nursing homes and assisted living facilities that such practices are “improper and unlawful.” (AP Photo/Eric Gay, File)

Outcry as some nursing homes try to grab stimulus checks

Jun. 9, 2020 6:02 PM EDT

WASHINGTON (AP) — Compounding the hardships of the coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks, a cash grab lawmakers want to halt. On Tuesday, Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., called on the Health and Human...

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa.  U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market.
The Commerce Department reported Thursday, April 23,  that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February.  (AP Photo/Keith Srakocic)

US existing home sales plunge 17.8% in April

May. 21, 2020 11:07 AM EDT

WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest...

A Tesla Model 3 drives in front of the Golden Driller as it gets a Tesla facelift in Tulsa Tuesday, May 19, 2020. Tulsa's iconic Golden Driller statue is joining the effort to help lure automaker Tesla to build its new U.S. assembly plant here. The 75-foot tall statue in the heart of the city is getting a makeover that includes a bright-red Tesla logo on its chest and a mask to make the oil field worker look more like Tesla CEO Elon Musk. City officials plan to unveil the new look at a press conference Wednesday afternoon. (Mike Simons/Tulsa World via AP)

Tulsa's Golden Driller statue gets Tesla-style makeover

May. 20, 2020 5:54 PM EDT

TULSA, Okla. (AP) — Tulsa's iconic Golden Driller statue is joining the effort to lure automaker Tesla to build its new U.S. assembly plant in Oklahoma's second-largest city. The 75-foot tall, golden statue in the heart of the city is getting a makeover that includes a bright-red Tesla logo on its chest,...

House Speaker Nancy Pelosi of Calif., smiles during a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)

Democrats push new $3T coronavirus relief bill through House

May. 15, 2020 10:01 PM EDT

WASHINGTON (AP) — Democrats powered a massive $3 trillion coronavirus relief bill through the House on Friday, an election-year measure designed to brace a U.S. economy in free fall and a health care system struggling to contain a pandemic still pummeling the country. The 208-199 vote, with all but one...