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Yahoo! Finance: Tax News
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The latest news on Taxes from Yahoo! Finance
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Ga. GOP lawmaker calls for tobacco tax increase (AP)
A Republican state lawmaker wants to make it more expensive for Georgians to light up. Rep. Ron Stephens of Savannah is proposing a $1 per-pack increase to the state's 37 cent cigarette tax.
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Texas awaits comptroller's revenue announcement (AP)
When the state comptroller estimates the state's revenue next week, lawmakers will get their first glimpse of how much the national recession has hit Texas.
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Iowa lawmakers must cut after years of growth (AP)
With budget reductions already in place and more down the road, Democrats who control most of state government could face a political backlash as Iowans see popular programs cut and question how the state got into this position.
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New Ohio speaker wants tax breaks for startups (AP)
State lawmakers will consider tax breaks for entrepreneurs, free broadband service for cities and other programs as they tackle Ohio's mounting economic problems, the first Democratic speaker of the Ohio House in 14 years said Monday.
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Obama stimulus plan boosts business tax refunds (AP)
President-elect Barack Obama's proposed stimulus package would provide businesses with billions of dollars in refunds on taxes they paid several years ago.
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Who has to file a tax return? (Bankrate.com)
Not everybody has to submit a tax return, depending on age and income. Just what are the rules?
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When to claim credit for the kids (Bankrate.com)
The child care credit is not meant to subsidize education, but to allow parents to work, says CPA George Saenz.
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Obama plunges into econ talks, predicts approval (AP)
President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion.
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Obama Econ Plan Includes Tax Cuts Totaling $300 Bil (Investor's Business Daily)
President-elect Obama headed to Capitol Hill on Monday to start mobilizing support for an economic stimulus plan packed with $300 billion in tax cuts.
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Obama readies push for recovery plan (CNNMoney.com)
President-elect Barack Obama launched his campaign Monday for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession.
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SC agencies file plans for job, program cuts (AP)
School bus drivers and mechanics as well as people engaged in farming and research jobs have the most to lose from budget cut proposals legislators are mulling.
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Dems take over Wis. Legislature amid fiscal woes (AP)
Democrats officially began their control of the Legislature on Monday, taking office under the cloud of a projected record-high $5.4 billion budget shortfall and concerns that higher taxes and job cuts may be inevitable.
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Alabamians spending less, except for alcohol (AP)
State tax collections for the first three months of the fiscal year show Alabamians are spending less, except when it comes to alcohol.
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Obama stimulus to include $300 billion tax cut (AP)
President-elect Barack Obama is betting that a combination of hefty tax cuts and government spending on big public works projects will snap the country out of a painful recession that's left millions of Americans unemployed and their nest eggs in tatters.
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Fla. lawmakers work on $2.3B budget deficit (AP)
Florida lawmakers will have to make deeper spending cuts than anticipated because December tax collections fell $100 million below forecast, Senate President Jeff Atwater said as the Legislature convened Monday in special session to confront a growing budget deficit.
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