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News Articles: Income Taxes

The IRS is laying off more than 6,000 employees as part of the Trump administration's widespread downsizing of the federal government. The agency had added thousands of workers in recent years in an effort to improve customer service and beef up collection of unpaid taxes.

Tagged as: 

  • Economy

IRS cuts over 6,000 jobs in the middle of tax season

The IRS is cutting more than 6,000 jobs this week, as part of the Trump administration's downsizing of the overall federal workforce. The job cuts at the IRS come in the middle of the tax-filing season.

February 20, 2025
|
By:
  • Scott Horsley
The IRS says it processed 11.7 million tax returns in the first week of the 2025 filing season. Here, carts loaded with documents are seen at an IRS processing facility in Austin, Texas, last September.

Tagged as: 

  • Your Money

Where is my tax refund?

If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating in the IRS's free online filing program.

February 13, 2025
|
By:
  • Bill Chappell
A $100 bill. (Capitol Beat)

Tagged as: 

  • News

State tax revenues continue downward slide

Georgia tax collections continued to fall last month, dropping 1.1% compared to May of last year, the state Department of Revenue reported Friday.

June 17, 2024
|
By:
  • Dave Williams
Stacked coins.

Tagged as: 

  • Economy

State tax revenues fall again

Georgia tax collections continued their downward spiral last month, falling 5.4% from April of last year, the state Department of Revenue reported Friday.

May 13, 2024
|
By:
  • Dave Williams

Tagged as: 

  • Economy

The IRS wants to do your taxes for free. Will it last?

With tax season upon us, many people are paying someone or a software to get their tax returns done. A small group of people, however, are filing online directly with ... the IRS. For free. Today on the show: how the IRS's tax filing experiment came to be, how it's been working so far, and who doesn't like it.

April 11, 2024
|
By:
  • Darian Woods,
  • Scott Horsley,
  • and 2 more
Georgia Gov. Brian Kemp, flanked by Republican lawmakers, speaks Monday, Dec. 4, 2023, at the Georgia Capitol in Atlanta. Kemp and Republican legislators want to make a further cut to Georgia's state income tax rate in the 2024 legislative session.

Tagged as: 

  • News

Georgia's governor and top Republican lawmakers say they want to speed up state income tax cut

Georgia's Republican governor and legislative leaders want to speed up an already-planned cut in the state income tax rate. Gov. Brian Kemp, Lt. Gov. Burt Jones and House Speaker Jon Burns said Monday that they support a plan to create a flat income tax rate of 5.39% starting Jan. 1.

December 04, 2023
|
By:
  • Associated Press
Georgia Gov. Brian Kemp signs a bill to give state income refunds of more than $1.1 billion on Wednesday, March 23, 2022, at the Georgia capitol in Atlanta. The measure gives refunds of $250 to $500 to people who filed tax returns for 2020 and 2021.

Tagged as: 

  • News

Kemp and lawmakers to decide plan for $6.6B in surplus cash

Georgia's state government ended the 2022 budget year in June with $6.6 billion in surplus cash. Gov. Brian Kemp has plans to spend more than $3 billion through a combination of one-time tax givebacks.

January 05, 2023
|
By:
  • Associated Press
State Senate Finance Committee Chairman Chuck Hufstetler, R-Rome, , speaks to reporters on Jan. 13, 2020 at the state capitol in Atlanta. Hufstetler on Monday, March 28, 2022, unveiled a rewritten income tax cut proposal that would be more modest than the one sought by the House, while also seeking to limit Georgia’s film tax credit.

Tagged as: 

  • News

Georgia Senate seeks smaller tax cut, film tax credit limit

Georgia senators have proposed a much more modest income tax cut than the $1.1 billion plan passed by the House, and also want to sharply reduce tax breaks for film and television productions that have been credited with transforming the state into one of the world's biggest filming hubs.

March 29, 2022
|
By:
  • Associated Press
Georgia Gov. Brian Kemp signs a bill to give state income refunds of more than $1.1 billion on Wednesday, March 23, 2022, at the Georgia capitol in Atlanta. The measure gives refunds of $250 to $500 to people who filed tax returns for 2020 and 2021.

Tagged as: 

  • News

$1.1B Georgia refunds could begin in weeks as Kemp signs law

Special state income tax refunds paid out of Georgia's historic budget surplus could be on their way to taxpayers in six to eight weeks. Gov. Brian Kemp on Wednesday signed the $1.1 billion refund plan into law.

March 24, 2022
|
By:
  • Associated Press
GPB News NPR

Tagged as: 

  • Business

Progressives want a wealth tax for the super rich. Here's why it's hard to pull off

Progressives are pushing for a wealth tax targeted at the ultra rich like Jeff Bezos and Elon Musk. However, as it turns out, taxing the richest people in the world is easier said than done.

November 13, 2021
|
By:
  • David Gura
Tesla CEO Elon Musk surprised his Twitter followers by asking them to vote on whether he should sell 10% of his company's stock. The majority said yes.

Tagged as: 

  • Business

Elon Musk asked Twitter followers if he should sell Tesla shares. They said yes

Tesla shares are falling after Elon Musk proposed to sell 10% of his shares in the company if his Twitter followers agreed.

November 08, 2021
|
By:
  • David Gura
President Joe Biden's finances took hit over 2020 according to income tax filings released by the White House on Monday.

Tagged as: 

  • National

Biden, Harris Release Tax Returns In Return To Tradition

"Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition," the White House said on Monday, the deadline to file income tax returns.

May 17, 2021
|
By:
  • Vanessa Romo
President Joe Biden's finances took hit over 2020 according to income tax filings released by the White House on Monday.

Tagged as: 

  • National

Biden, Harris Release Tax Returns In Return To Tradition

"Today, the President released his 2020 federal income tax return, continuing an almost uninterrupted tradition," the White House said on Monday, the deadline to file income tax returns.

May 17, 2021
|
By:
  • Vanessa Romo
Analysts say real estate tax breaks allowed President Trump to personally avoid high taxes. Above, Trump prepares to sign tax legislation into law in the Oval Office on Dec. 22, 2017.

Tagged as: 

  • National

How Can President Trump Pay Less Tax Than You?

No matter what you do for a living, odds are you paid more federal income tax than Trump did the year he took office. Analysts say real estate tax breaks allowed him to avoid high tax bills.

October 02, 2020
|
By:
  • Chris Arnold
In this photo from Sept. 8, 2017, heavy traffic on Interstate 75 moves slowly in Forrest Park, South of Atlanta.

Tagged as: 

  • Politics

Will New Traffic Report Spark Action At State Capitol?

The rules embedded in the new federal tax law could mean many Georgians will pay higher state income tax. State legislators want to find a way to give...

February 07, 2018
|
By:
  • Bill Nigut

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