Latest National taxes News

FILE - In this March 1, 2020, file photo, Montana gubernatorial candidate Rep. Greg Gianforte and his running mate Great Falls lawyer Kristen Juras are seen during an event at the Pub Station in Billings, Mont. Gianforte on Wednesday, July 1, 2020, released tax returns showing he reported income of $184 million over a 10-year period. (Larry Mayer/The Billings Gazette via AP, File)

Tax returns: Republican Gianforte made $184M over 10 years

Jul. 1, 2020 6:47 PM EDT

BILLINGS, Mont. (AP) — Montana Republican gubernatorial candidate Greg Gianforte reported income of $184 million and paid $30.5 million in state and federal taxes over a 10-year period ending in 2018, according to tax returns released by his campaign Wednesday. Gianforte, a former technology entrepreneur...

In this April 8, 2020, photo, employees work on a car assembly line at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central China's Hubei province. The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed global trade, few are willing to give up access to its skilled workers, vast market and efficient suppliers by moving factories closer to home. (AP Photo/Ng Han Guan)

Companies prodded to rely less on China, but few respond

Jun. 30, 2020 3:23 AM EDT

BEIJING (AP) — The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed trade, few want to leave China's skilled workforce and efficient suppliers of raw materials to move...

House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, Friday, June 26, 2020. (AP Photo/Carolyn Kaster)

Dems push campaign-season health care bill through House

Jun. 29, 2020 5:56 PM EDT

WASHINGTON (AP) — Democrats pushed a package expanding “Obamacare” coverage through the House on Monday, a measure that's doomed to advance no further but spotlights how the coronavirus pandemic and President Donald Trump's efforts to obliterate that law have fortified health care's potency...

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...

This April 8, 2020 photo, Gage Darby, Calhoun Drug Company compounding pharmacy technician, pours the alcohol into a bucket as he prepares a mixture of hand sanitizer for healthcare workers at the pharmacy in Calhoun, Ga. The pharmacy is following a mixture approved by the Federal Drug Administration. The sanitizer will be used at medical facilities during the COVID19 pandemic.  (Alyssa Pointer/Atlanta Journal-Constitution via AP)

Georgia to give tax credits to protective equipment makers

Jun. 27, 2020 10:04 AM EDT

ATLANTA (AP) — Makers of personal protective equipment in Georgia will get a $1,250-a-job tax break for the next five years, with lawmakers saying they want to aid the businesses during the COVID-19 pandemic. The House voted 110-58 to agree to changes in House Bill 846 on Friday, sending it to Gov. Brian...

FILE - In this April 21, 2020, file photo Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room of the White House in Washington. The Trump administration has abruptly dropped on Friday, June 19, its insistence on secrecy for a $600 billion-plus coronavirus aid program for small businesses. Mnuchin refused to do so at a Senate hearing last week, saying the data was “proprietary information.” (AP Photo/Alex Brandon, File)

Audit: US sent $1.4B in virus relief payments to dead people

Jun. 25, 2020 5:58 PM EDT

WASHINGTON (AP) — Nearly 1.1 million coronavirus relief payments totaling some $1.4 billion went to dead people, a government watchdog reported Thursday. Legal and political issues hang over the misdirected taxpayer funds, the latest example of errors in massive aid being dispensed at crisis speed. As of...

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States, and now the IRS is asking state officials to help claw back the cash that the federal tax agency says was mistakenly sent. (AP Photo/Eric Gay, File)

US inmates got virus relief checks, and IRS wants them back

Jun. 24, 2020 1:02 PM EDT

BOISE, Idaho (AP) — Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States, and now the IRS is asking state officials to help claw back the cash that the federal tax agency says was mistakenly sent. The legislation authorizing the...

Israeli Prime Minister Benjamin Netanyahu wearing a face mask attends a government Cabinet meeting at the Ministry of Foreign Affairs in Jerusalem, Israel, Sunday, June 21, 2020. (Abir Sultan/Pool Photo via AP)

Israeli lawmakers grant Netanyahu tax exemptions on benefits

Jun. 24, 2020 9:05 AM EDT

JERUSALEM (AP) — Israel's parliament has approved a request by Prime Minister Benjamin Netanyahu for tax exemptions for official benefits that could exceed $150,000. Coming at a time when Israel is grappling with a major economic crisis due to the pandemic and Netanyahu standing trial on corruption...

Republican U.S. Senate candidate John James speaks on Monday, June 22, 2020, at Weir Farms in Hanover Township, Mich. He resumed in-person campaign events after months of sticking with virtual events. (AP Photo/David Eggert)

James stops at farm to resume in-person campaign for Senate

Jun. 22, 2020 9:08 PM EDT

HANOVER TOWNSHIP, Mich. (AP) — U.S. Senate candidate John James began an in-person tour of Michigan Monday, despite the ongoing coronavirus pandemic, visiting a Jackson County farm to criticize what he called the over-regulation and over-taxation of farmers. The challenger to Democratic Sen. Gary Peters...

FILE - In this March 18, 2020, file photo, South Dakota Gov. Kristi Noem speaks in Rapid City, S.D. Noem on Tuesday, May 26, 2020, previewed her plan to disburse the $1.25 billion the state has received from the federal government for coronavirus relief, following a push from President Donald Trump's administration to share the money with local governments. (Jeff Easton/Rapid City Journal via AP, File)

Noem: $200 million in federal relief for cities and counties

Jun. 22, 2020 2:36 PM EDT

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem announced Monday that she'll be sending $200 million in federal coronavirus relief funds to city and county governments, but warned the economic impact of the pandemic could last for years. The Republican governor visited the state's largest city,...