Latest Personal taxes News

McAuliffe, Youngkin now mum on tax return disclosures

Oct. 20, 2021 15:24 PM EDT

RICHMOND, Va. (AP) — The leading candidates for Virginia governor have gone quiet on commitments both previously made to disclose at least some information from recent tax returns before the Nov. 2 election. Neither the campaign of Democrat Terry McAuliffe nor that of...

Michigan Legislature OKs accounts for private school tuition

Oct. 19, 2021 16:54 PM EDT

LANSING, Mich. (AP) — Children could qualify for scholarships to attend private schools and to cover educational expenses such as tutoring under bills approved Tuesday on party-line votes in the Republican-led Michigan Legislature. The fast-tracked legislation,...

State revenues are up after top earners paid more in taxes

Oct. 19, 2021 11:31 AM EDT

ALBANY, N.Y. (AP) — New York is seeing a surge in revenues this year following a tax increase on the state's highest-earning people and businesses. New York ended September with a balance of about $20 billion in the main operating fund, which is where most state...

Tax records: Pritzker, wife report $5.1M income for 2020

Oct. 16, 2021 09:45 AM EDT

CHICAGO (AP) — Illinois Gov. J.B. Pritzker and his wife M.K. Pritzker reported adjusted gross income of about $5.1 million in 2020, according to portions of his tax returns released by the billionaire Democrat's campaign. About $2.2 million of that income was taxable,...

Burgum petition calling for support of tax relief plan

Oct. 13, 2021 15:58 PM EDT

BISMARCK, N.D. (AP) — North Dakota Gov. Doug Burgum is asking supporters to sign a petition endorsing his plan to use some of the state treasury’s bulging surpluses to offset income taxes, an unorthodox move that is perceived as an end-run on a Legislature that has signaled no appetite...

Editorial Roundup: Illinois

Oct. 12, 2021 07:12 AM EDT

Chicago Tribune. October 8, 2021. Editorial: Preckwinkle’s Cook County budget is balanced and smart. Other Illinois politicians should take notes. Illinois has a long history of leaders guilty of fiscal irresponsibility. Cook County Board President...

Drought brings scrutiny to Utah's high water use, low rates

Oct. 02, 2021 08:04 AM EDT

SALT LAKE CITY (AP) — When a homeowner in St. George turns on their sprinklers in mid-summer, the water that greens their lawns has already traveled from mountain springs and wells through an 850-mile pipeline network. The 50 million gallons of water used in the...

AP FACT CHECK: GOP claim of broken Biden pledge not so clear

Oct. 01, 2021 00:19 AM EDT

WASHINGTON (AP) — Blasting a $3.5 trillion social spending bill that Democrats hope to salvage, House Republican leader Kevin McCarthy asserted the legislation would break President Joe Biden’s campaign promise not to tax Americans who earn less than $400,000 a year. That’s technically...

Editorial Roundup: Ohio

Sep. 27, 2021 09:08 AM EDT

Columbus Dispatch. Sept. 24, 2021. Editorial: Disingenuous Ohio Republicans disregard will of people to maintain dominance Ohio voters, we have egg all over our faces. How silly of us to think that the state’s top elected...

Federal jury finds man guilty of filing false tax returns

Sep. 24, 2021 08:26 AM EDT

SEATTLE (AP) — A 58-year-old Pacific, Washington man faces up to three years in prison after he was convicted on 14 counts of aiding and abetting the filing of false tax returns. A federal jury found Jean Mpouli guilty on Wednesday, Acting U.S. Attorney Tessa Gorman...