Missed the tax deadline? Take these steps now
Here are some steps you can take to keep your penalties to a minimum if you were unable to file by July 15.
Next coronavirus stimulus package could include $5,000 advance of child tax credit
Families are normally entitled up to $2,000 annually in refundable tax credits per each child.
Chipotle to hire 10,000 employees
The Mexican grill pledged to ramp up hiring as more restaurants reopen.
The pandemic-delayed July 15 tax day has arrived: Here’s what you need to know
July 15 is here and it’s time to file your taxes. Here are a few things you might want to know.
Junk mail? Tens of thousands may have mistakenly thrown away stimulus payment
Despite warnings issued by the federal government, tens of thousands of individuals may have inadvertently thrown out their $1,200 stimulus payments.
Oakland City Council considers law requiring some laid-off workers get first choice of jobs
Councilmembers will consider the ordinance at the virtual City Council meeting that starts at 1:30 p.m.
Additional $600 a week in jobless benefits about to expire
The Trump administration is currently in the midst of negotiations with congressional leadership on a “Phase 4” coronavirus stimulus economic relief package, but at this point, it is unclear whether that $600-a-week enhanced unemployment benefit would be extended past the July 31 expiration date.
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
Tax day is July 15: Here's what you need to know
As of July 3, about 142 million taxpayers out of around 155 million, had already filed their federal tax returns. But, because of the pandemic, only about 131 million returns have been processed because the IRS has fewer staff available.
Average gas price rises over last 2 weeks
The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.
Trump asks Treasury to review colleges' tax-exempt statuses, threatens to revoke funding
Most universities and colleges in the U.S. are not required to pay federal corporate income tax.
IRS warns about tax scams ahead of July 15 deadline
The IRS is telling taxpayers that “scammers are hard at work” once again trying to get your personal information and your money.
Blackout Day spotlights the importance, power of Black consumers
Organizers of #BlackoutDay2020 are celebrating the impact of an economic protest calling for social justice.
No more delays: What to know about the July 15 deadline
As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing deadline until July 15.
Lucky Brand files for bankruptcy, has offer to sell company
Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
'Unprecedented number' of complaints about EDD processing unemployment claims
San Francisco lawmakers and residents who have had trouble with unemployment benefits, convened Thursday on Zoom to discuss issues with the Employment Development Department’s unemployment program.
IRS won't extend tax filing deadline past July 15
The agency said in a press release, that taxpayers unable to meet the dealdline can request an automatic extension of time to file until Oct. 15.
Roughly 40% of Americans are working from home full time because of the pandemic
New research out Monday suggests roughly 40 percent of Americans are working from home full-time due to the pandemic and hardly any at-home workers have returned to their normal workplace.
US consumer spending up 8.2%, partly erasing record plunge
Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income, which had soared by 10.8% the previous month.