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The University of Alabama board of trustees voted Friday to give back a $26.5 million donation to a philanthropist who recently called on students to boycott the school over the state’s new abortion ban.
The amount Spokane residents pay this tax season likely will change due to the passage of major tax reform – the Tax Cuts and Jobs Act – in December 2017, unless they consulted with a professional earlier in the year.
The Internal Revenue Service plans to pay tax refunds in the coming weeks, administration officials say, after the White House decided Monday it was legally permissible to process tax returns during a government shutdown.
The typical advice about what people should do with their tax refunds – Save for retirement! Pay off debt! – ignores how little wiggle room many families have with their finances. Tax refunds averaged $2,895 last year, and were the largest single cash infusion received all year by 40 percent of the checking account holders recently studied by the JPMorgan Chase Institute. Research shows:
As it looks to win back trust after a scandal over its sales practices, the San Francisco bank said it will reach out to customers who paid so-called “rate-lock extension” fees from Sept. 16, 2013, through Feb. 28, 2017, and give refunds to customers who don’t think they should have paid.
The city of Pocatello could be forced to pay back millions of dollars in excess fees following a recent Idaho Supreme Court ruling.
BOISE – The city of Pocatello could be forced to pay back millions of dollars in excess fees following a recent Idaho Supreme Court ruling. According to the unanimous opinion, justices ruled that Pocatello’s sewer and water fees were not set at reasonable rates to help cover the costs of providing government services.
After reviewing records from 2012 through 2017, Wells Fargo identified about 570,000 customers who may have been wrongly pushed into these insurance policies and will give them “refunds and other payments as compensation,” the San Francisco bank said in a news release late Thursday.
State economists say the Oregon economy has been bustling this year, so much so that the state’s `kicker law’ may give $408 million back to Oregonians next year, plus another $75 million to K-12 education for the next budget cycle.
For many people, getting a tax refund is like getting a handful of sand: It’s virtually impossible to hang on to much of it. But it doesn’t have to be that way. You can have the IRS split your refund across a number of accounts, perhaps some less accessible than your checking account, and thus keep that windfall from slipping through your fingers.
For most taxpayers, the start of the tax season usually means receiving a sizable refund check that can go toward savings, long-needed car repairs or a treat such as a vacation. But this year, tens of millions of taxpayers will have to wait longer for that windfall.
Low-income families who typically receive the federal earned income tax credit – and a tax refund of several thousand dollars – will have to wait longer than usual this year to receive those funds, officials say.
Herbalife Ltd. has agreed to pay $200 million to consumers and change its business practices to settle a two-year federal investigation triggered by allegations from activist investor Bill Ackman.
Thousands of people have had their prepaid debit cards frozen when they try to direct their tax refund to their accounts, a result of financial industry efforts to combat an escalation in tax fraud.
Emily Languell filed her taxes as quickly as she could this year. She was behind on her car payment, phone bill and other expenses. She needed the refund. Before January had expired, she was at an H&R Block office in north Spokane. Because Languell – a 24-year-old single mother who works at McDonald’s – had not filed her taxes for two years, she wanted help. Expecting a refund, she brought along her bank account information to set up a direct deposit.