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Transit tax on Nov. ballot in 7 NM counties
SANTA FE (AP) -- A newly formed political committee will campaign for voter approval of a gross receipts tax increase in seven counties to pay for transportation services, including commuter rail from Belen to Santa Fe.
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Bailout talks carry on
Capitol Hill negotiators spent Friday working on details of a $700 billion financial rescue plan while President Bush and leading lawmakers offered assurances that Congress and the administration would get a deal done.
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Bush, candidates, lawmakers to meet on rescue plan
WASHINGTON (AP) -- President Bush summoned Barack Obama, John McCain and legislative leaders to an extraordinary White House summit, warning Americans and Congress on Wednesday night that failing to act on a $700 billion financial industry bailout could lead to "a long and painful recession."
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Using bonds for school costs trims tax
Dear Dr. Don,
How can I cash savings bonds to pay for my daughter's college tuition? It is my understanding that I will not have to pay taxes on the interest if they are used to pay for education.
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Roth IRA excess contributions
Dear Tax Talk,
My daughter is currently living in London and is just now filing her 2005 tax return as married, filing separately. She was married at the end of 2005 and expected her British husband to file married, filing separately, but that has still not occurred.
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Allegheny Co. to water down unpopular drink tax
PITTSBURGH (AP) -- Allegheny County Executive Dan Onorato wants to lower a much-maligned drink tax from 10 percent to 7 percent next year, saying the levy has brought in more than anticipated.
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Top tips: Raiding your 401(k)
A crumbling economy may be tempting you to tap into your 401(k) early. If you have no other options, here is what you need to know.
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Tenn. sen.: Financial crisis could affect VW plant
NASHVILLE, Tenn. (AP) -- Sen. Lamar Alexander said Thursday that Volkswagen's new plant in Tennessee could be affected if the country's financial crisis isn't resolved.
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