Latest Personal taxes News

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Retirees' top money regrets

Jan. 27, 2020 11:06 AM EST

In a previous column, I detailed retirees’ biggest lifestyle regrets, such as not traveling more before their health gave out and not communicating clearly with a partner about what they hoped retirement would be like. Now we’ll cover the money moves retirees wish they hadn’t made. The big...

FILE - This Friday, May 16, 2014, file photo, shows the General Motors logo at the company's world headquarters in Detroit. Michigan on Wednesday, Jan. 22, 2020, agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. (AP Photo/Paul Sancya, File)

GM to spend $3.5B in Michigan under revised tax credit deal

Jan. 22, 2020 3:23 PM EST

LANSING, Mich. (AP) — Michigan on Wednesday agreed to revise decade-long tax breaks for General Motors in exchange for the company's commitment to spend at least $3.5 billion more over 10 years, including to build electric pickup trucks in Detroit. Under the deal — the seventh amendment to the home...

FILE - In this Feb. 4, 2007 file photo, Prince performs during halftime of the Super Bowl XLI football game in Miami. Minnesota court records show a wrongful death lawsuit filed by Prince's family members has been quietly dismissed in recent months against all defendants. Prince died of an accidental fentanyl overdose on April 21, 2016. (AP Photo/Chris O'Meara, File)

Prince wrongful death case dismissed; estate case continues

Jan. 20, 2020 12:04 PM EST

MINNEAPOLIS (AP) — A wrongful death lawsuit filed by Prince's family members has been quietly dismissed in recent months, suggesting family members have reached settlements with defendants including the Minnesota doctor who saw Prince in the weeks before his death and the Illinois hospital that treated him...

In this Jan. 15, 2020, photo, Sen. Susan Collins, R-Maine, talks to reporters on Capitol Hill in Washington. In the dawn of what may be her toughest reelection fight, veteran Collins has parachuted into familiar terrain _ the pressure-packed middle of an issue, this time the impeachment of President Donald Trump. (AP Photo/Susan Walsh)

Impeachment lands Sen. Collins in familiar spot: crosshairs

Jan. 18, 2020 1:17 PM EST

WASHINGTON (AP) — Facing perhaps her toughest reelection fight, veteran Sen. Susan Collins has parachuted into familiar terrain — the heart of a hot-button issue, this time President Donald Trump's impeachment. With Senate trial proceedings starting Tuesday, the moderate Maine Republican says she'll...

Editorial Roundup: Pennsylvania

Jan. 15, 2020 5:34 PM EST

Recent editorials of statewide and national interest from Pennsylvania's newspapers: Take wait, see approach on state budget Altoona Mirror Jan. 12 For the past two fiscal years, Pennsylvania taxpayers have had cause for cautious optimism about the Keystone State’s financial condition for the short and...

A Flybe flight departs from Manchester Airport, England, Monday Jan. 13, 2020. Britain's leaders are considering whether to support a rescue deal for the struggling regional airline Flybe, with discussions under way as to whether the carrier should receive tax relief on passenger duty levies. (Pete Byrne/PA via AP)

UK says it has struck deal to save troubled airline Flybe

Jan. 14, 2020 4:16 PM EST

LONDON (AP) — The British government said Tuesday it had reached a deal to save the struggling regional airline Flybe. Though full financial details were not revealed, shareholders backed a plan to inject an undisclosed cash sum into the airline, whose network includes more than half of British domestic...

California Gov. Gavin Newsom gestures toward a chart showing the growth of the state's rainy day fund as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli)

California budget plan aids teachers, those in US illegally

Jan. 10, 2020 8:54 PM EST

SACRAMENTO, Calif. (AP) — California's governor revealed a spending plan on Friday that puts a new tax on vaping, gives $20,000 to teachers who commit to working in high-needs schools and gives taxpayer-funded health benefits to older adults living in the country illegally. Gov. Gavin Newsom's $222 billion...

FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. 2019 was another tough year for the IRS, according to a new federal report. Burdened with years of budget cuts and a recent increase in workload to implement a new tax law, the IRS struggled to deliver on its mission in the past fiscal year. The annual report from the Office of Taxpayer Advocate found that in the 2019 fiscal year, among other problems, the agency failed to collect billions in unpaid taxes.   (AP Photo/J. David Ake, File)

Underfunded IRS struggles to send refunds, answer calls

Jan. 8, 2020 2:22 PM EST

2019 was another tough year for the IRS, according to a new federal report. Burdened with years of budget cuts and a recent increase in workload to implement a new tax law, the IRS struggled to deliver on its mission in the past fiscal year. The annual report from the Office of Taxpayer Advocate found that in the...

Men get probation for trying to access Trump's tax returns

Dec. 16, 2019 6:11 PM EST

PHILADELPHIA (AP) — Two men were sentenced Monday to probation and community service for trying to hack the IRS to obtain President Donald Trump's tax returns. Andrew Harris, 23, of Philadelphia, and Justin Hiemstra, 22, of St. Paul Park, Minnesota, both previously pleaded guilty to federal charges of...

Grand jury urges action in wake of alleged tax credit fraud

Dec. 3, 2019 6:12 PM EST

HARRISBURG, Pa. (AP) — A grand jury report released Tuesday found two of Pennsylvania’s tax credit programs are vulnerable to fraud, citing newly unsealed allegations that a couple disappeared in Hong Kong after using bogus front companies to obtain state tax credits they resold for millions of...