Taxes

The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings.

WATCH LIVE: Lois Lerner said at a congressional hearing she had done nothing wrong but asserted her constitutional right not to answer questions.

The U.S. Internal Revenue Service said on Wednesday it is experiencing computer failure across several systems and temporarily cannot accept many taxpayer returns.

Refunds to Colorado taxpayers and possible obligations to transportation projects mean state lawmakers are in for a wild year of budgeting.

The state Senate on Friday passed an $11 billion short-term spending plan that faces a certain veto by Gov. Tom Wolf amid an entrenched budget stalemate that is forcing schools to take out loans and shutting off some social services.

The latest on Colorado's marijuana tax holiday caused by a quirk in the law (all times local): 8 a.m.

An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot.

The Missouri Department of Revenue didn't refund roughly $20 million in cash bonds to closed businesses and the agency was not actively trying to return the money, a state audit released Tuesday found.

General Electric Co. may move up to 500 American jobs overseas because Congress did not renew a government program that allows foreign companies to borrow money to buy U.S. products.

Owe the tax man more than $100 million? Your check is no good at the IRS.

Jeb Bush went to Detroit and talked about leveling the playing field.

Federal officials are trying once more to sell properties formerly owned by a pair of tax militants that include a 100-acre parcel that might be booby-trapped.

Some Republican presidential candidates are talking a populist game, but their tax plans favor the wealthy.

A survey of Connecticut businesses released Friday found that nearly two-thirds showed a profit over the past year, but many are considering out-of-state options for expansion.

Gov. Jerry Brown's administration is proposing to spend $3.6 billion a year for repairs to California's crumbling transportation infrastructure, with some of the money to come from a $65 annual user fee and increases in diesel and gas taxes tied to inflation.

Gov. Tom Wolf is shifting strategy as a state government budget stalemate stretches into a third month, abandoning heavily attended meetings with lawmakers and aides in the Capitol in favor of smaller, more private meetings without staff.

Fund Opening Balance (July 2005) 10 year cumulative income 10 year cumulative disbursements 10 year spending rate Accumulated Balance (June 2014) California Alzheimer's Disease and Related Disorders Research Fund $2 million $4.9 million $5.2 million 105% $1.8 million California Peace Officer Memorial Fund $178,000 $1.56 million $1.6 million 104% $122,000 California Breast Cancer $941,000 $5.2 million $5.3 million 102% $819,000 California Ovarian Cancer Research Fund 0 $241,000 $241,000 100% 0 California Prostate Cancer Research Fund 0 $418,000 $418,000 100% 0 California Sexual Violence Victims Fund 0 $386,000 $386,000 100% 0 Veterans Quality of life fund 0 $304,000 $304,000 100% 0 Arts Council Fund 0 $333,000 $331,000 99% $2,000 California Seniors Special Fund $131,000 $588,000 $584,000 99% $135,000 California Missions Foundation Fund $131,000 $303,000 $299,000 99% $4,000 California Firefighters' Memorial Fund $313,000 $6.9 million $6.7 million 97% $210,000 California Fund for Senior Citizens $383,000 $2.9 million $2.7 million 94% $480,000 California Police Activities League (CALPAL) Fund 0 $135,000 $124,000 92% $11,000 ALS/Lou Gehrig's Disease Research Fund 0 $604,000 $538,000 89% $66,000 California Veterans Homes Fund 0 $421,000 $324,000 77% $97,000 Municipal Spay Neuter Fund 0 $1 million $752,000 72% $291,000 Asthma and Lung Disease Research Fund $367,000 $475,000 $842,000 72% 0 California Sea Otter Fund 0 $2.3 million $1.6 million 68% $743,000 California Cancer Research fund 0 $2.1 million $1.1 million 51% $1 million Safely Surrendered Baby 0 $344,000 $112,000 33% $232,000 California Military Family Relief Fund 0 $1.55 million $376,000 24% $1.2 million California Youth Leadership Fund 0 $92,000 $4,000 4% $88,000 California YMCA Youth and Government Fund 0 $126,000 $5,000 4% $121,000 Child Victims of Human Trafficking Fund 0 $461,000 $10,000 2% $451,000 State Parks Protection Fund 0 $650,000 $13,000 2% $637,000 School Supplies for Homeless Children Fund 0 $644,000 $9,000 1% $635,000 California Colorectal Cancer Prevention Fund 0 $237,000 $2,000 1% $235,000 Protect Our Coast and Oceans Fund 0 $173,000 0 0% $173,000 American Red Cross, California Chapters Fund 0 $174,000 0 0% $174,000 Keep Arts In Schools Fund 0 $237,000 0 0% $237,000 SOURCE: State Controller's office budgetary/legal annual basis reports.

Every year when they do their taxes, Californians donate millions for charitable causes.

Danish drug maker Novo Nordisk said Wednesday it will open new factories in North Carolina and Denmark as pharmaceutical companies seek to keep up with demand for diabetes medications in an increasingly overweight world.

An oversight by representatives of a business community improvement district in Columbia means a 23-year-old woman might be the only one voting on a proposed sales tax increase needed to make the district successful.