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(AP) — A Nebraska lawmaker behind a new law that allows millions in state income tax to go to private school tuition scholarships is now targeting the referendum petition process that could allow state voters to repeal it. The bill would allow a person to have their name removed by sending a signed letter to the Nebraska Secretary of State. Photos You Should See View All 45 ImagesThe new law does not appropriate taxpayer dollars directly to private school vouchers. Instead, it allows businesses and individuals to donate up to $100,000 per year of their owed state income tax to organizations that award private school tuition scholarships. When I told them that the petition was against school choice, they were upset.
Persons: LINCOLN, Omaha Sen, Lou Ann Linehan, Linehan, , , Bob Evnen, Clarice Jackson, Jackson, they'd, Sen, Danielle Conrad, Conrad Organizations: , Nebraska, State, Government, Military, Veterans Affairs Committee, Republican, Nebraska Legislature, American Civil Liberties Union of Nebraska Locations: Neb, Nebraska, Omaha
They are among nearly a dozen witnesses who were subpoenaed, including other Fulton County prosecutors, Willis’s assistant and bodyguard, and Wade’s current and former law partners. CNN first reported last week that Willis, Wade and others were expected to receive subpoenas to testify at the February 15 hearing. The other prosecutors who were subpoenaed are Deputy District Attorney Sonya Allen and Executive District Attorney Daysha Young. Both are members of Willis’ executive team, according to the Fulton County website. Mike Roman, one of Trump’s co-defendants, is suing the Fulton County district attorney’s office, accusing prosecutors of withholding information that the lawsuit claims could prove allegations of an improper romantic relationship.
Persons: Fani Willis, Nathan Wade, Donald Trump, Wade, Willis, Sonya Allen, Daysha Young, Michael Hill, Tia Green, Mike Roman, Trump’s, Roman, they’ve, Willis’s, , Scott McAfee, McAfee, Mr, , Roman’s, Trump Organizations: CNN, Executive, Fulton, , Records Locations: Fulton County, Georgia, Fulton
Independent Sen. Kyrsten Sinema has spent more than $200,000 of taxpayer cash on private jet travel. She's also spent thousands of dollars in campaign cash on travel and lodging in places she competed. AdvertisementIndependent Sen. Kyrsten Sinema has spent more than $200,000 of her congressional office budget on private jet travel, according to a new report from The Daily Beast. Sinema's reasoning for using private flights may be to avoid wasting time, as the original report noted, but another reason is just as possible: personal safety. Representatives from Sinema's office did not respond to Business Insider's request for comment.
Persons: Sen, Kyrsten Sinema, She's, , Sinema, she's, Joe Biden's, Sinema's, she'll, Kari Lake, Ruben Gallego Organizations: Service, Daily, Senators, Arizona State University, Democratic, Republican, Democratic Rep Locations: Arizona, Ruben Gallego .
The Direct File pilot program is rolling out in stages. The agency estimates that several hundred thousand taxpayers are eligible for the initial rollout in the 2024 tax season. Four other states that have a state income tax also are part of the pilot program — Arizona, Massachusetts, California and New York. In those four, state tax agencies will help people directly file their state taxes as well. “Direct File is one step toward getting the IRS in line with 21st century tax administration,” Olson said.
Persons: , Danny Werfel, Nina Olson, ” Olson, Werfel, Tania Mercado, ” Robert Nassau, preparers, Organizations: WASHINGTON, IRS, Center for Taxpayer Rights, Organization for Economic Cooperation, Development, Republicans, Intuit, Low, Clinic, Syracuse University College of Law Locations: Florida , New Hampshire , Nevada , South Dakota , Tennessee , Texas, Washington, Wyoming, Arizona , Massachusetts, California, New York, Germany, Japan
Read previewPeople who received guaranteed basic income in one of Texas' largest cities reported reduced rates of housing insecurity. Austin was the first city in Texas to launch a taxpayer-funded guaranteed-income program when the Austin Guaranteed Income Pilot kicked off in May 2022. On average, program participants said they spent more than half of the cash they received on housing. While Austin was the first city in Texas to test a guaranteed-income program, it's now not the only one. AdvertisementAnd in Denver, a basic-income program that gives some people up to $1,000 a month was recently extended after participants reported increased housing security .
Persons: , Austin, Taniquewa Brewster, KXAN, it's, Sen, Paul Bettencourt, Bettencourt, Tonaeya Moore Organizations: Service, Business, Austin, Urban Institute, NBC, Houston Chronicle, Baltimore Young Locations: Texas, City of Austin, Washington, DC, Houston, Harris County, United States, Baltimore, Maryland, Denver
“This has to do with following state funds,” said Republican Sen Matt Brass of Newnan. But the committee can't directly sanction Willis, and Democrats denounced it as a partisan attempt to try to play to Trump and his supporters. People can already be prosecuted for making false statements to Georgia lawmakers. Those are among the criminal charges that Rudy Giuliani and some others face for the false claims they made to Georgia lawmakers in late 2020. Most of the top supporters are Republican lawmakers who also publicly backed Trump's efforts to overturn Georgia's 2020 election results, including Republican Lt. Gov.
Persons: Fani Willis, Donald Trump, , Republican Sen Matt Brass, Brian Kemp, Willis, , Democratic Sen, David Lucas, Trump, Michael Roman, Nathan Wade, Ashleigh Merchant, Roman, Wade, Martin Luther King Jr, Wade —, , Republican State Sen, Brandon Beach, Rudy Giuliani, Joe Biden, Georgia's, Burt Jones, Jones, “ I’ve, ” Jones, I’ve, ” Kemp, Josh McLaurin, ” McLaurin Organizations: ATLANTA, , Democratic, Republican, Trump, Republican State, , Republicans, Democrats, Gov, New Locations: — Georgia's, Fulton County, misspent, Macon, Atlanta, Miami, San Francisco, Brandon, Alpharetta, Georgia, New Hampshire
IRS set to launch its free tax filing pilot program
  + stars: | 2024-01-25 | by ( Katie Lobosco | ) edition.cnn.com   time to read: +6 min
Washington CNN —When tax filing season opens on January 29, some taxpayers will have the option of filing their 2023 federal tax returns with a brand new, government-run system. The law required the IRS to complete a cost and feasibility study about developing a free, electronic tax filing system, which it released in May. If the pilot program is successful, Direct File could eventually rival competing services in the private market. This screenshot shows the Internal Revenue Service's free tax filing pilot. It offers step-by-step guidance, in both English and Spanish, to taxpayers filing their federal tax returns by posing questions about their income and tax situations.
Persons: Danny Werfel, haven’t, Biden Organizations: Washington CNN, IRS, Democrat, Congress, Internal Revenue, Social Security, Taxpayers, Republicans Locations: Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming
The government has reached a "different view" about the already-legislated tax cuts, Treasurer Jim Chalmers said, as the conservative opposition coalition criticised the government for breaking an election pledge of retaining the tax cuts. Chalmers said the tax policy shift would help build trust as it was designed to provide more cost-of-living relief for more people without stoking inflation. Under the new policy, people earning up to A$140,000 ($92,050) will enjoy lower taxes from July 1, Australian media reported. A 37% tax band would be retained for some high earners, with the savings redirected to those on low incomes. That has dented Albanese's ratings since his 2022 election win.
Persons: Renju Jose SYDNEY, Jim Chalmers, Chalmers, Anthony Albanese, Albanese, reneging, James Paterson, Renju Jose, Richard Chang Organizations: Labor, Channel, National Press, Labor Party, Home Affairs, Sky News Locations: Sydney
Ronda Churchill | Bloomberg | Getty ImagesWith the opening of tax season only days away, the IRS has unveiled a plan to simplify the millions of complicated notices sent to taxpayers every year. As part of the agency's multibillion-dollar modernization efforts, the IRS has started to review and redesign hundreds of IRS notices — such as letters about unfiled returns, taxes owed or filing errors — aiming to help resolve issues faster and boost compliance. Known as the "Simple Notice Initiative," the program will eventually cover the roughly 170 million notices sent to taxpayers every year, according to the IRS. The agency aims to "review, redesign, and deploy" the majority of IRS letters received by taxpayers by 2025. The program builds on the agency's paperless processing initiative announced in August, which now allows taxpayers to respond to IRS notices online.
Persons: Janet Yellen, Ronda Churchill, unfiled, Yellen, Danny Werfel, Werfel, filers Organizations: Treasury, International Brotherhood of Electrical Workers, Bloomberg, Getty, IRS, National Taxpayer, Congress Locations: Las Vegas, Ronda
WASHINGTON (AP) — President Joe Biden on Wednesday vetoed a Republican measure that would have blocked a White House waiver that allows some foreign-made content in federally funded chargers for electric vehicles. The White House said the GOP plan would actually block made-in-America requirements, since it would revert U.S. policy to a 1980s rule that allows foreign content in U.S. manufacturing. The GOP bill "would eliminate the domestic manufacturing requirement for electric vehicle chargers, thereby harming domestic manufacturing and American jobs,'' Biden said in a veto statement. If enacted, the GOP resolution would revert U.S. policy to a 1983 rule that waives domestic requirements for many manufactured products. The Senate approved the measure, 50-48, i n November, despite a White House veto threat.
Persons: Joe Biden, Biden, Reagan, , Sen, Marco Rubio, Democratic Sens, Sherrod Brown of, Joe Manchin, Jon Tester, Kyrsten, Rubio Organizations: WASHINGTON, Wednesday, Republican, GOP, EV, Democratic, Biden, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago, America Locations: America, U.S, People’s Republic of China, China, United States, Florida, Sherrod Brown of Ohio, West Virginia, Montana, Arizona
Read previewOne of Florida's highest-profile billionaires will no longer get state funds to help pay his legal fees, as a newly proposed bill from his allies unraveled on Monday. In 2022, the state spent $13.015 million in matching funds given out to candidates, including Gov. The new bill would modify the existing restrictions on releasing state funds to eligible presidential candidates who live in Florida. AdvertisementPayments for candidates' legal fees through the fund would be replenished by voluntary taxpayer donations collected through driver's license registrations. He claimed late last year that he has racked up $100 million in legal fees, The Hill reported.
Persons: , unraveled, Donald Trump, Florida State Sen, Ileana Garcia, Jimmy Patronis —, Trump, DeSantis, Ron DeSantis, kkc2yyqVK0, Garcia, @JimmyPatronis, Patronis, wieqYQ8Woq — Ileana Garcia, We've, — Donald Trump, that's Organizations: Service, Business, Fighters, state's Department of Financial Services, Florida State, Florida's, Bloomberg, Trump, Florida Republican, Fighters Fund, Free, Sunshine State, White, Gov, Department of Financial Services, Forbes Locations: Florida, New York, Washington, Atlanta, Free State of Florida, Citrus County
WASHINGTON (AP) — The IRS wants to rewrite its complicated letters to taxpayers and speak to people in plain English. The federal tax collector is rewriting and sending out commonly received notices ahead of the 2024 tax filing season as part of its new “Simple Notice Initiative." The 2024 tax season begins on January 29. More than 170 million notices are sent out annually by the IRS to taxpayers regarding credits, deductions and taxes owed. The notices are often needlessly long and filled with legal jargon — forcing many confused taxpayers to call the agency and jam up the phone lines.
Persons: Janet Yellen, Daniel Werfel, Werfel, ” Werfel Organizations: WASHINGTON, IRS,
I'll go further and say this offering is the most important tech product of 2024. Direct FileI'm talking about Direct File , a new way for many Americans to file their taxes for free. She also questioned the value of the new Direct File service in various ways. Give Direct File a tryWhich brings us back to the new Direct File service. When I searched for "free file taxes" this weekend, the top of Google's results page was full of ads.
Persons: , Dan Grover, ChatGPT, It's, ProPublica, Tania Mercado, Mercado, Janet Yellen, Guess Organizations: Service, Business, Apple, Forbes, IRS, Intuit, Google, Internal Revenue Service, Revenue Locations: Silicon, Arizona , California, Florida , New York, Texas, ProPublica
MANILA (Reuters) - Philippines President Ferdinand Marcos Jr drew flak on social media for his use of a presidential helicopter to attend a concert by British rock band Coldplay in a province north of the capital, Manila. The Philippine Arena, the world's largest indoor arena, saw an influx of 40,000 concert-goers resulting in "unforeseen traffic complications along the route," the Presidential Security Group said in a statement. The traffic situation posed a security threat to Marcos who attended the Friday night concert with his wife, prompting the use of the presidential chopper, it added. "Using official resources, like the presidential chopper, for personal and non-official activities is generally considered an abuse of power or misuse of government resources," Facebook user James Patrick Aristorenas said in a post on Saturday. "We paid for the use of the chopper, fuel and security, who knows even for the tickets for everyone," Facebook user Arvine Concepcion said.
Persons: Ferdinand Marcos Jr, Marcos, James Patrick Aristorenas, Arvine Concepcion, Neil Jerome Morales, Raju Gopalakrishnan Organizations: Coldplay, Philippine, Presidential Security Group Locations: MANILA, Philippines, Manila
ALBUQUERQUE, N.M. (AP) — Regents at Western New Mexico University threw their support behind President Joseph Shepard on Friday as he faces scrutiny over spending on overseas trips and his wife’s use of a university credit card. He reiterated to regents that trips to Zambia and elsewhere have helped put Western New Mexico on the map and attract more foreign students. Other members of his leadership team ticked off statistics on enrollment, graduation rates among foreign students and fundraising that has boosted university programs. Regents agreed Friday to conduct a broad review that will include their handbook, travel policies and other procedures in the coming months. They also agreed to a proposal by Shepard to create an ad hoc committee that can work on updating policies.
Persons: Joseph Shepard, Shepard, WNMU, Shepard’s, Valerie Plame, , Organizations: , New Mexico University, Regents, Southwestern, Higher Education Department, CIA Locations: ALBUQUERQUE, N.M, Silver City, Zambia, Western New Mexico, Southwestern U.S, Mexico, Brazil, New Mexico
As the start of tax season approaches, experts are warning filers about tax-related identity theft, an issue that often halts returns and delays refunds. Tax identity theft happens when criminals use your personal information to file a return in your name and claim your refund — and "it continues to be a huge problem," said Eva Velasquez, president and CEO of the Identity Theft Resource Center. The IRS' Identity Theft Victim Assistance program had 294,138 individual case receipts during fiscal 2023, up from 92,631 in 2019, according to the National Taxpayer Advocate's annual report to Congress released last week. More from Personal Finance:Government shutdown could disrupt upcoming tax season, IRS commissioner says'Fraud is at a crisis level,' says expert: 5 financial scams to watch out forHow to figure out your timeline to student loan forgivenessTax-related identity theft has diminished since the early days of electronic filing. There are signs of tax identity theft listed on the IRS website, including a letter from the agency about a "suspicious tax return," the inability to e-file, tax transcripts by mail you didn't request and more.
Persons: Eva Velasquez, Velasquez, Erin Collins Organizations: Theft Resource Center, IRS, National Taxpayer, Finance, Government
An unlikely coalition of banks, community groups and racial justice advocates is urging federal regulators to rethink the plan they proposed in July to update rules governing how U.S. banks protect themselves against potential losses. Financial regulators around the world, including in the Europe Union and Britain, are adopting similar standards. Banks have long complained that holding too much capital forces them to be less competitive and restrict lending, which could hurt economic growth. What’s interesting about the latest proposal is that groups that don’t traditionally align themselves with banks are joining in the criticism. “This is the biblical dynamic: Capital goes up, banks yell,” said Isaac Boltansky, an analyst at the brokerage firm BTIG.
Persons: Banks, , Isaac Boltansky Organizations: Europe Union Locations: Europe, Britain
Usually, when a child sells an animal at the county fair, some local macher buys it for more than its market value. All they were waiting for, apparently, was approval from the Shasta County district attorney. "More important for livestock producers is how the Shasta County Fair and the Shasta County sheriff — both unencumbered by intelligence — created a bonanza for animal rights zealots." Cedar was livestock, and many people can't even conceive that livestock like Cedar can be something more than food. (The California Department of Food and Agriculture, the Shasta fair, and the county sheriff all declined my requests for comment.)
Persons: might've, let's, wouldn't, E, reenacted, It's, Jessica Long, Bobo, Megan Dahle, Sen, Brian Dahle, Gavin Newsom, Cedar, Dahle, Long, Agriculture —, didn't, wasn't, , we'll, Leslie Irvine, Irvine, Irving, they've, Ryan Gordon, Colter Ellis, Charlie Thieriot, Jessica Long's, Gordon, they'll, Adam Rogers Organizations: Fair, Animals Cedar, Republican, California ., California Department of Food, Agriculture, Twitter, Hearts, University of California, Animals, Business Locations: Shasta, Northern California, America, California, Napa, Sonoma, Shasta County, Irvine, Seco, Texas, Mississippi
Sen. Elizabeth Warren is backing a pay raise for members of Congress. "Congress should not be the plaything of multimillionaires and billionaires," she told BI. But she also emphasized that congressional staff need a raise even more. AdvertisementSen. Elizabeth Warren is joining calls for members of Congress to get a pay raise. But Warren, who makes plenty of money via book sales, was even more adamant when it came to the need to raise pay for congressional staff.
Persons: Sen, Elizabeth Warren, , who've, Warren, Patrick McHenry of, Alexandria Ocasio, Cortez, hasn't, Republican Sen, JD Vance, Ohio, Vance Organizations: Service, Massachusetts Democrat, Republican, Democratic Rep, Senate, United, Washington Locations: multimillionaires, Patrick McHenry of North Carolina, Alexandria, Cortez of New York, United States
WASHINGTON (AP) — In a new twist to the fight over abortion access, congressional Republicans are trying to block a Biden administration spending rule that they say will cut off millions of dollars to anti-abortion counseling centers. The rule would prohibit states from sending federal funds earmarked for needy Americans to so-called “crisis pregnancy centers,” which counsel against abortions. The proposal limiting funds for anti-abortion counseling centers is the Biden administration's latest attempt to introduce federal policies that expand abortion access. Political Cartoons View All 253 ImagesCongressional Republicans this week introduced legislation that would block the Health and Human Services Agency from restricting the funds from the centers. The plan would restrict how states use the money for college scholarships and child care, for example.
Persons: Darin LaHood, Chelsey Youman, Youman, ” Youman Organizations: WASHINGTON, Biden, Human Services, Conservative, Supreme, Human Services Agency, ” Republican, Associated Press, Democratic, Human Coalition, HHS Locations: U.S, Illinois, Georgia , Ohio, Pennsylvania, North Carolina, Texas, Louisiana, Indiana, Mississippi
Washington state spent over $700,000 on boulders to deter homeless camps in some areas. But one official told BI the state first offered shelter to the homeless, and a majority accepted it. The state spent approximately $718,000 on large boulders placed along areas where homeless people had previously congregated and camped, particularly near busy highways. Advertisement"Rocks are being used at very specific locations to prevent re-encampment and that use is quite small relative to the number of encampments we have across the state," Abrudan said. The state placed boulders in areas near the state capital of Olympia and along Interstate 5.
Persons: , Kris Abrudan, Abrudan Organizations: Service, Washington, Fox, Washington State Department of Transportation Locations: Washington, Seattle, Olympia
With a salary of $174,000 per year, members of Congress make more than 80% of American households. Stunted salary growth and limited perksThe salaries for members of Congress haven't budged in nearly 15 years. Historically, Democrats have been more willing to push for higher pay for members of Congress, including Rep. Alexandria Ocasio-Cortez of New York. For simplicity's sake, let's put the number at $274,000 — a $100,000 raise for members of Congress. Nor is jacking up lawmakers' salaries likely to be a panacea that solves every problem in a troubled institution.
Persons: that's, , It's, David Schweikert, we're, Daniel Schuman, reimbursements, Schuman, Patrick McHenry of, — he's, he's, Republican Sen, Mitt Romney, who've, Democratic Sen, Elizabeth Warren of, Alexandria Ocasio, Cortez, Steny Hoyer, Dan Kildee of, who's, Kildee, Sen, Elizabeth Warren, Kent Nishimura, Maxwell Frost of Florida, Deb Fischer, Nebraska, JD Vance, Ohio, Ro Khanna, Tom Williams, Chip Somodevilla, Vance, Khanna, Gregg Harper, Harper, I'm, Warren, let's Organizations: Service, DC, Arizona, Business, POPVOX, budged, Senate, Republican, Democratic, Getty, United States Senate, , Bureau of Labor Statistics Locations: Washington, Arizona, multimillionaires, Patrick McHenry of North Carolina, Utah, Elizabeth Warren of Massachusetts, Alexandria, Cortez of New York, Cortez, Dan Kildee of Michigan, DC, Ohio, California, America, Mississippi
The fourth-quarter estimated tax deadline is Jan. 16, and you could have a surprise bill or owe a penalty if you don't send a payment, according to the IRS. While many employers withhold levies from every paycheck, other income — such as freelancing, small business or investment earnings — requires a separate payment to the IRS. Generally, you must make quarterly estimated payments for this income if you expect 2023 tax liability of $1,000 or more. In December, the IRS reminded such taxpayers to make a fourth-quarter tax payment on or before Jan. 16 "to avoid a possible penalty or tax bill when filing in 2024." If you miss the estimated tax payment deadline, you may trigger an interest-based penalty based on the current interest rate and amount that should have been paid, which compounds daily.
Persons: Biden, Tom Wheelwright Organizations: IRS, Finance
AdvertisementConnecticut was quick to experience the impact of weight loss drugs on its economy last year. Politico reported in November that the state's employee health plan was set to spend $30 million on drugs like Ozempic and Wegovy. Comptroller Sean Scanlon told BI that that was up from $8 million in 2020. Connecticut began testing out a method to offer those seeking weight loss drugs access to a program with online tools for weight management. In North Carolina, the State Health Plan has put a moratorium on new users of GLP-1 drugs for weight loss.
Persons: Sean Scanlon, Scanlon, it's, Dale Folwell, Folwell, Shelby Livingston, Eli Lilly, that'll, Nik Modi Organizations: Service, Business, Bloomberg, Medicaid, Politico, BI, State, North, State Health, Novo Nordisk, Wall Street, University of Texas System, UT, RBC Capital Markets Locations: Connecticut, Wegovy, . Connecticut, North Carolina, Novo, Netherlands, United States
House Republicans are rallying around a push to impeach Homeland Security Secretary Alejandro Mayorkas. On Wednesday, House Republicans are set to consider the impeachment of Homeland Security Secretary Alejandro Mayorkas. As Homeland Security secretary, Mayorkas oversees a vast agency that includes U.S. Customs and Border Protection. The Homeland Security Department notes that for all these reasons apprehending a migrant on the watchlist is extremely rare. A Department of Homeland Security spokesperson said in a statement that there is simply "no valid basis" to impeach Mayorkas.
Persons: Alejandro Mayorkas, , Joe Biden, Mayorkas, Marjorie Taylor Greene, Virginia Foxx, Anthony D'Esposito, Mike Johnson, Mark Green, Green, Troy Miller, Politifact, Biden, Trump, Johnson, Mia Ehrenberg, Bennie Thompson of, Thompson, William Belknap, Grant, Belknap, Ulysses S, Donald Trump, It's, Ken Buck, Buck, Greene, Tom McClintock Organizations: Republicans, Homeland, Service, House Republicans, House Democrats, Biden, CNN, Freedom Caucus, Republican, New York, Homeland Security, Mayorkas, U.S . Customs, GOP, CBS, Democratic, White, Protection, Washington Post ., Customs, Post, NPR, New York Times, Homeland Security Department, Capitol, Politico, Department of Homeland Security, Russia, Twitter, Supreme Locations: Georgia, Rep, North Carolina, New, House, U.S, Bennie Thompson of Mississippi, United States, Ken Buck of Colorado, California
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