Taxes
Associated Press/Photo by Patrick Sison (file)

Tax Day finally arrives

by Seth Johnson
Posted 7/14/20, 04:40 pm

The federal income tax deadline arrives on Wednesday with no additional delays in sight. So far, the IRS has received more than 142 million of the expected 150 million filings. The Treasury Department and the IRS granted a three-month delay because of the coronavirus pandemic and encouraged everyone to file their paperwork online. Taxpayers who still need an extension must request one by Wednesday.

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Associated Press/Photo by Patrick Semansky (file)

U.S. budget deficit hits record high

by Seth Johnson
Posted 7/13/20, 05:31 pm

The U.S. Treasury Department announced on Monday that the U.S. budget deficit topped $864 billion in June, breaking the $738 billion record set in April and putting the deficit at a nine-month high. The federal government is on track to meet or exceed the Congressional Budget Office’s prediction of a $3.7 trillion annual deficit.

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Associated Press/Photo by Lynne Sladky

Will Congress give a gift to givers?

Politics | Some lawmakers push tax relief for charitable giving to shore up nonprofit groups
by Harvest Prude
Posted 5/14/20, 06:12 pm

About 60 percent of the formerly homeless men and women served by Homestretch in Falls Church, Va., lost their jobs as the coronavirus spread through the area. One single mother of four children survived domestic violence, got a job at a pizza parlor, earned a promotion to manager, and began taking business management classes. But when the pandemic struck, she lost it all, according to Chris Fay, the ministry’s executive director.

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