Latest Personal taxes News

California governor, lawmakers near deal on gas tax rebate

Jun. 25, 2022 00:02 AM EDT

SACRAMENTO, Calif. (AP) — Most California taxpayers would get hundreds of dollars in cash to help offset the high price of fuel and other goods under a tentative budget compromise being discussed by legislative leaders and Gov. Gavin Newsom. The plan would return a portion of...

Kentucky governor declares emergency over high gas prices

Jun. 23, 2022 20:37 PM EDT

FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to combat any signs of price gouging at the pump, touting it as a consumer protection measure amid sky-high gas prices straining Kentuckians' budgets. The Democratic governor signed an executive order declaring a state of...

Jensen seeks tax cuts to help Minnesota cope with inflation

Jun. 23, 2022 15:02 PM EDT

ST. PAUL, Minn. (AP) — Republican gubernatorial candidate Scott Jensen called Thursday for tax cuts and a clampdown on government spending and regulations to help Minnesotans cope with the highest inflation rate in 40 years. Inflation is already dominating election campaigns...

Indiana governor sets special session on tax refund plan

Jun. 22, 2022 15:38 PM EDT

INDIANAPOLIS (AP) — A special session of the Indiana Legislature will begin July 6 to take up the governor’s proposal for sending out $225 payments to all taxpayers from the state’s growing budget surplus. The Republican-dominated Legislature, however, isn’t limited to the...

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

Jun. 22, 2022 13:53 PM EDT

WASHINGTON (AP) — It’s Groundhog Day at the IRS. After digging out of a daunting backlog from 2021, the agency has an even bigger backup for this tax season than it did a year ago and its pace for processing paper returns is slowing down, according to a watchdog report released...

IRS erases last season's backlog, but still faces 2022 crush

Jun. 21, 2022 18:15 PM EDT

WASHINGTON (AP) — The Internal Revenue Service said Tuesday that it will have erased its backlog of last season's tax returns by the end of this week. And with 143 million returns from this year's tax season processed so far, agency officials say there's a greater likelihood of...

Youngkin touts achievements during ceremonial budget signing

Jun. 21, 2022 18:03 PM EDT

GLEN ALLEN, Va. (AP) — Virginia Gov. Glenn Youngkin on Tuesday touted his administration's accomplishments during his first five months in office at a ceremonial budget-signing event that seemed more like a high-energy campaign rally than a routine bill-signing ceremony. The...

Regulators deny suspension of costlier fuel requirement

Jun. 21, 2022 17:28 PM EDT

Kentucky Gov. Andy Beshear has run into a roadblock in trying to deliver relief for Louisville-area motorists forced to pay more at the pump for reformulated gas. Federal regulators denied his request for a waiver to temporarily remove the requirement that costlier but...

Indiana gas tax increases while state eyes inflation relief

Jun. 20, 2022 18:35 PM EDT

INDIANAPOLIS (AP) — Indiana will see another increase in state gasoline taxes starting July 1 amid promises of inflation relief — including a proposal to issue direct payments to Indiana residents later this month. The state's residents will pay 62 cents per gallon in taxes on...

Rhode Island House approves $13.6B state budget proposal

Jun. 17, 2022 08:54 AM EDT

PROVIDENCE, R.I. (AP) — A $13.6 billion state budget passed the Rhode Island House late Thursday, sending it to the Senate for a vote. The House version of the budget for the 2023 fiscal year accelerates phasing out the car tax, eliminating what would have been the final year of...