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Content Tagged As income

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  • Year-round Pell Grants to be available this year

    June 19, 2017 8:32 PM

    WASHINGTON - Pell Grants for low-income college students can now be used for summer studies. The U.S. Education Department announced Monday that year-round Pell Grants will be available starting July 1, allowing students to take summer classes and graduate sooner. Education Secretary Betsy DeVos says the... more »
  • Deadline for Louisiana individual tax returns is next week

    May 8, 2017 10:04 AM

    BATON ROUGE – The deadline to file your 2016 Louisiana individual income tax returns is next Monday, May 15. The Department of Revenue recommends filing electronically for the fastest return processing. Taxpayers can also file their state return for free with Louisiana File Online. Residents who need more... more »
  • Income tax audits plummet as IRS loses agents to budget cuts

    March 5, 2017 12:09 PM

    WASHINGTON - As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low. The number of people audited by the IRS in 2016 dropped for the sixth straight year, to just over 1 million. The last time so few... more »
  • Many flood victims awaiting assistance with income taxes

    February 4, 2017 7:13 PM

    BATON ROUGE - Lorenzo Lafleur and his family came out to the Main Library in Baton Rouge to get help with his income taxes. They lost everything in the flood. "I want to know is there is going to be some type of way to write it off.... more »
  • Report: Louisiana has large wealth gap between rich, poor

    December 15, 2016 2:58 PM

    BATON ROUGE - Louisiana has one of the highest income inequality rates in the country. That's the finding of a left-leaning organization that advocates for low- to moderate-income families, the Center on Budget and Policy Priorities. The center's report released Thursday says the top 5 percent of Louisiana households have... more »
  • Economist: Louisiana job numbers down, hitting state coffers

    November 10, 2016 4:01 PM

    BATON ROUGE - Louisiana's $315 million deficit from last year was mainly driven by continuing dips in private sector employment that are driving down personal income and business tax collections. That's the grim assessment delivered Thursday to the state's income forecasting panel, the Revenue Estimating Conference. The Legislature's chief economist,... more »
  • Lawmaker calls proposed tax policy 'worst ever' Play Video

    June 15, 2016 11:12 PM

    BATON ROUGE - Some lawmakers are calling a tax bill that passed through the House Ways and Means Committee Wednesday as some of the worst tax policy ever. The tax hike would mainly impact wealthy people when they file their state return. It will only take effect if the... more »
  • Income tax overhaul proposed Play Video

    February 15, 2016 8:35 PM

    BATON ROUGE- A number of proposals for a revised income tax system are on the table at the state capitol. It's part of an effort to solve the state's budget crisis. Governor Edwards' administration wants to lower to income taxes for everyone while reducing deductions. In one plan,... more »
  • Incomes rise for bottom 99 percent, but inequality still worsens

    June 29, 2015 3:47 PM

    WASHINGTON - Solid job growth is finally boosting paychecks. Incomes for the bottom 99 percent of American families rose 3.3 percent last year -- the biggest annual gain in the past 15 years. That's according to data compiled by economist Emmanuel Saez and released today by the Washington Center for... more »
  • Louisiana trails national growth rate in personal income

    June 22, 2015 12:39 PM

    NEW ORLEANS - Personal income in Louisiana grew at a 0.8 percent annual rate in 2015's first quarter. Figures released Monday by the U.S. Commerce Department showed growth rebounded from 0.5 percent in the last quarter of 2014. Louisiana trailed the national growth rate of 0.9 percent, ranking 35th among... more »
  • State back on track with processing tax returns after scammers

    April 2, 2015 6:34 PM

    BATON ROUGE - The state is back on track in processing income tax returns and getting refunds out to you. There had been some major delays after scammers filed more than 2,000 fake tax returns through TurboTax back in the beginning of tax season. The Louisiana Department of... more »
  • Super help with filing on Super Tax Day Play Video

    February 5, 2015 7:42 AM

    BATON ROUGE - The scramble is on to get your tax returns ready. If you're stressing out, there's a way for you to receive free assistance. Capital Area United Way is hosting their annual Super Tax Day this weekend. Kendall Hebert joined us on 2une In this morning with the... more »
  • Lafayette man arrested in benefits fraud

    November 25, 2014 5:56 AM

    LAFAYETTE - State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income. During their investigation, state police say it was discovered that 47-year-old Alan Jude... more »
  • Study: 45 percent of Louisiana renters 'stressed'

    August 14, 2014 3:12 AM

    BATON ROUGE - A new assessment of the Louisiana housing market has found that nearly 45 percent of renters are considered "rent stressed" because they're paying more than 35 percent of their monthly income in rent. The national average is at close to 43 percent. The study by LSU professors... more »
  • Lawmakers refuse to hear income tax repeal bills Play Video

    April 15, 2013 10:40 AM

    BATON ROUGE - The state House Ways and Means committee said today they would defer all income tax repeal bills for this session, essentially killing Governor Bobby Jindal's main plan for tax reform. Committee chair Joel Robideaux (R-Lafayette) said such bills already scheduled for a hearing would still be... more »

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