Latest Personal taxes News

FILE - In this Friday, April 17, 2020 file photo, a health worker arrives to take a nose swab sample as part of testing for the COVID-19 coronavirus at a nursing and rehabilitation facility in Seattle. Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy in 2020. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? (AP Photo/Ted S. Warren)

Stimulus money could pose dilemmas in nursing homes

Jul. 4, 2020 9:31 AM EDT

NEW YORK (AP) — Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? The situation...

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...

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...

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...

In this May 11, 2020 photo, President Donald Trump points to a question as he speaks about the coronavirus during a press briefing in the Rose Garden of the White House in Washington. Trump has many targets in his war against the media but perhaps none more surprising than the Voice of America, the venerable U.S.-government funded institution created during WWII and expanded during the Cold War to broadcast independent news and promote democracy and American values to the world. In a series of attacks, Trump and his supporters have accused the outlet of “disgraceful” reporting. They're now pushing hard to install their choice to run the agency that oversees VOA and its affiliates. That battle is about to hit Congress, where partisan lines have already been drawn over fears the administration wants to turn them into Trump propaganda machines. (AP Photo/Alex Brandon)

Senate confirms Trump's pick to lead Voice of America

Jun. 4, 2020 7:09 PM EDT

WASHINGTON (AP) — A divided Senate voted along party lines Thursday to confirm President Donald Trump’s choice to head the Voice of America and other U.S. government-funded international broadcasters that have been the subject of harsh criticism from the White House. Despite significant Democratic...

President Donald Trump speaks during a meeting with Arkansas Gov. Asa Hutchinson, and Kansas Gov. Laura Kelly, in the Cabinet Room of the White House, Wednesday, May 20, 2020, in Washington. (AP Photo/Evan Vucci)

Senate panel advances Trump pick to head Voice of America

May. 21, 2020 12:50 PM EDT

WASHINGTON (AP) — A bitterly divided Senate panel voted along party lines Thursday to advance President Donald Trump’s choice to head the Voice of America and other U.S. government-funded international broadcasters that have been the subject of harsh criticism from the White House. After rejecting...

FILE - In this April 1, 2020, file photo, a paper envelope written with the words

How to pay rent when you can’t afford it

May. 20, 2020 1:15 PM EDT

After Megan Pearson’s job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out how to come up with the rent for her apartment in Brooklyn, New York. “I posted my frustration on Facebook with trying to get through to unemployment...

FILE - In this Dec. 5, 2011 file photo, Yannick Nezet-Seguin, the music director for The Philadelphia Orchestra, poses for a portrait in Philadelphia. Nézet-Séguin’s income from the Metropolitan Opera in his first season as music director was about a quarter of what James Levine earned in his last full season as music director emeritus. His compensation in the 2018-19 fiscal year was $392,152, according to the company’s tax return released Friday. (AP Photo/Alex Brandon, File)

Nézet-Séguin got $392,152 in initial part of 1st Met season

May. 15, 2020 7:41 PM EDT

NEW YORK (AP) — Yannick Nézet-Séguin’s earned $392,152 during his first portion of his first season as the Metropolitan Opera's music director, about a quarter of what James Levine earned in his last full season as music director emeritus. Nézet-Séguin’s compensation in...