The Latest Breaking News from Jared Walczak

The proposed tax is already driving people and businesses to flee the state.

Over 8 million eligible New Yorkers will automatically start receiving refund cheques of between $150 and $400 starting at the end of this month.

As inflation soared in the past year, families in some states suffered a double whammy — paying food sales taxes on top of higher-priced groceries.

Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.

Residents of New York, Virginia and eleven other states could end up with a surprise tax hit of hundreds of dollars next year on forgiven student loans.

Grocery, gas and housing prices are up this year. The stock market is down. Voters are souring on the economy, and some analysts are warning of a looming recession.

SACRAMENTO, Calif. — An $18.1 billion inflation relief package proposed by Gov. Gavin Newsom will put salve on key pain points for Californians most affected by rising gas and grocery prices but also likely will cause prices to tick up just a tad more, leading economists say.

The current run of price and wage increases could tip taxpayers into higher brackets, where they will owe larger slices of their income to the government.