Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

U.S. News

Millions will have to repay part of tax credit

Nov. 16, 2009
(AP) -- More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit. Taxpayers are at risk if they have more than one job, are married and both spouses work, or...
Related Stories from UPI.com

House OKs homebuyer tax credit extension

WASHINGTON, Nov. 3 (UPI) -- The U.S. House Tuesday approved legislation that would extend unemployment benefits and expand an $8,000 tax credit for first-time homebuyers.

U.S. Senate extends renewable tax credits

WASHINGTON, Sept. 26 (UPI) -- The U.S. Senate approved an extension of the renewable energy tax credit.

U.S. homeowner tax credit to expire

WASHINGTON, Nov. 29 (UPI) -- The 2005 U.S. Energy Policy Act tax credit is set to expire at the end of this year.

IRS OKs '07 tax credits for Toyota hybrids

WASHINGTON, Sept. 29 (UPI) -- The U.S. Internal Revenue Service has approved three 2007 Toyota vehicles for the same credit amounts as the 2006 versions of these vehicles.

Few pay income taxes with credit cards

NEW YORK, March 26 (UPI) -- U.S. taxpayers are hesitant to embrace the option to pay their income tax with credit cards, a study of 1,001 adults found.

$2B in tax credits for lower-income growth

WASHINGTON, May 11 (UPI) -- U.S. Treasury Secretary John Snow Wednesday announced $2 billion in tax credit allocations to boost growth in poor communities.

Quebec boosts foreign-movie tax credit

MONTREAL, Dec. 30 (UPI) -- The government of Quebec, Canada, Thursday said it has increased the tax credit for foreign movie producers, the Canadian Broadcasting Corp. reported.

Iraq no longer subject to special U.S. tax

WASHINGTON, Oct. 20 (UPI) -- The U.S. Treasury Wednesday removed Iraq from its list of countries subject to special foreign tax credit and other restrictions.

Bill to give tax credit for lead removal

WASHINGTON, June 10 (UPI) -- A bill was introduced Tuesday in the U.S. Senate providing tax credits for owners of homes built before 1978 who pay for testing and removal of lead paint.

Utah drops proposed tuition tax credit

SALT LAKE CITY, March 4 (UPI) -- A proposed tuition tax credit for Utah families with children in private school was cut from the omnibus education bill. Sponsors said Tuesday they didn't have the votes to pass the measure at the same time the Legislature is seeking to increase revenues
1 of 28
Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler