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The Portage County Legal News, Kent Ohio, Ravenna Ohio, Portage County Ohio

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IRS electronic filing continues to expand

So far, the IRS has processed 144 million tax returns through May 10, 2024 (tinyurl.com/5t59f7xm). Most (137,394 million) were e-filed either by the taxpayer or a tax professional.
The Free File program (tinyurl.com/4hsj7bnp), which involves private-sector partners teaming with the IRS to offer free online tax software to quali ... (full story)

US inflation cooled in May in a sign that price pressures may be easing

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.
Consumer prices ... (full story)

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

FRANKFURT, Germany (AP) — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and the Asian nation's burgeoning exports of green technology to the 27-nation bloc.
Here are some ba ... (full story)