Latest National taxes News
France's hopes lift as US freezes tariffs over tech tax
PARIS (AP) — France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French cosmetics and other goods designed as retaliation for a French tax on technology giants. The U.S. Trade Representative’s office said in a statement Thursday that it...
IRS gets more relief payments out after delays
The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. The government began distributing the payments, worth $600 per eligible adult and dependent, at the end of December. However, many people who filed their taxes with an online preparation service...
Some taxpayers find relief payments sent to wrong account
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. The payment...
IRS says executors undervalued Prince's estate by 50%
MINNEAPOLIS (AP) — The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star's estate undervalued it by 50%, or about $80 million. The IRS determined that Prince’s...
In Georgia, Biden's presidency meets early defining moment
ATLANTA (AP) — Usually it's a president's first midterm election that reorders a White House's political approach and priorities. For President-elect Joe Biden, his most defining congressional election is coming before he takes office. Two runoffs Tuesday in Georgia will decide which party controls the...
UK abolishes 'sexist' tax on women's sanitary products
LONDON (AP) — Britain on Friday became the latest country to abolish the so-called "tampon tax,” eliminating sales taxes on women's sanitary products. The move was widely praised by women's rights advocates as well as proponents of the country's departure from the European Union. Treasury chief...
Perdue, Loeffler find alliance with Democrats they attack
ATLANTA (AP) — President Donald Trump’s call to more than triple pandemic cash relief for individual Americans has scrambled political calculations made by Georgia’s two Republican senators in the closing week of their high-stakes runoff campaign. Sens. David Perdue and Kelly Loeffler...
Recent Missouri editorials
The St. Louis Post-Dispatch, Dec. 27 Missouri’s Republican leadership spent the bulk of 2020 demonstrating exactly how not to lead in a crisis but definitely how to win an election campaign. With a deadly pandemic raging, the economy plummeting and medical staffers overwhelmed by the constant flood of...
Insurance shoppers: Plan now to trim next spring's tax bill
An unpleasant tax surprise may be lurking next spring for some people who bought health insurance this year on the Affordable Care Act’s coverage marketplaces. The problem centers on income, or what shoppers think they will make. People can get help from the government to buy coverage, depending on their...
Writing off more of that 3-martini lunch is causing a stir
WASHINGTON (AP) — Stuffed into the new emergency relief package is a morsel that President Donald Trump has long had on the buffet of his economic wish list: restoring full tax breaks for restaurant business meals. But experts say it’s scant immediate help for an industry reeling from the pandemic,...
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