Taxes
Homebuyers cashing in $8,000 tax credits (CNNMoney.com)
Hundreds of thousands of first-time homebuyers across the country have begun to claim their tax credits, according to new government data released on Friday.
AP NewsBreak: SD gov says budget crunch worsening (AP)
The gap between ongoing state revenue and spending could reach $150 million in the next budget year because tax collections continue to fall and spending is growing in programs that help people who have lost their jobs, South Dakota Gov.
H&R Block reports loss for 1Q due to costs (AP)
H&R Block Inc. said Friday it lost $133.6 million in the first quarter, about the same as a year ago but slightly more than Wall Street expected, as acquisition expenses and other costs offset slightly higher revenues.
Dem signs on to NY people’s convention proposal (AP)
A Republican’s proposal to hold a “people’s constitutional convention” to overhaul New York state government gained a critical co-sponsor Friday.
Arizona gov deletes school cuts from budget plan (AP)
Arizona Gov. Jan Brewer on Friday accepted most of a budget-balancing plan, but vetoed key parts, including school funding cuts and a move to repeal a state property tax.
Obama pushes for more personal savings (CNNMoney.com)
President Obama on Saturday announced changes that the IRS plans to make to encourage workers to save more of their paychecks.
Top 10 gas guzzlers: Exotics rule (Bankrate.com)
Giant SUVs and pickups don’t top the list — the super-high-priced exotics rule.
529 offers low-risk investment options (Bankrate.com)
Most 529 college savings plans now offer money-market funds, CDs and other “safe” investment options.
Baucus proposal would tax expensive health plans (CNNMoney.com)
A proposed health care compromise by the powerful chairman of the Senate Finance Committee lacks a government-run insurance option and would tax the most expensive health insurance plans, a source close to the discussions told CNN Monday.
Figuring car depreciation (Bankrate.com)
There are several factors in figuring the depreciation rate on a car used for business.