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Income Tax
Taxpayers in Colorado Will Receive $400 in Late July!
Democratic leaders stated earlier this week that Colorado taxpayers will receive cheques in the mail in the amount of $400 for single filers and $800 for joint filers before the end of the summer.
A taxpayer must live in the state…
Gov. Kemp Signs a Bill That Lowers State Income Taxes. What Does This Mean for You?
Gov. Brian Kemp signed one of the greatest state income tax cuts in Georgia history into law on Tuesday, and he did so in the same county where his main GOP opponent, David Perdue, grew up.
Perdue wants to repeal the state income tax…
Under a New Republican Bill, Ohio’s State Income Tax Would Be Removed in 10 Years!
According to new Republican-sponsored legislation unveiled Tuesday in the Ohio Senate, Ohio's state personal income tax would be phased away completely over the following ten years.
Senate Bill 327, which has the support of nearly a third…
On the Primary Ballot in Trotwood, Ohio, Is a Temporary Income Tax Hike!
The city of Trotwood will place a temporary 0.5 percent income tax hike on the May 3rd primary election ballot, which will take effect immediately. If the hike is approved, it will be in effect for five years.
According to Trotwood…
In the United States, Every Day of the Year Is Tax Day!
This year's federal income tax filing date was later than normal. To avoid clashing with the District of Columbia's Emancipation Day holiday (April 19 in Maine and Massachusetts due to Patriot's Day), Tax Day was put back to April 18.…
There Are Plans in New Jersey to Reduce Gas Prices Through Tax Credits!
According to AAA, a gallon of standard gas cost $4.08 on Tuesday, down 28 cents from a month earlier.
While it is uncertain whether legislators will pass any of the proposed gas price reduction bills, tax credits appear to be the most…
Millions More Single People Are Now Eligible for a Tax Benefit That Could Save Them Thousands of…
years of age
Filers can save up to $6,935 depending on their income and the number of children.
For low-income childless adults who are routinely kept out of aid programs, the EITC represents a rare respite.
Millions of low-…
Irs Chief Warns of Refund Delays Owing to Labour Shortages and Tax Return Backlogs!
Although the 2022 tax season is nearing its completion, IRS Commissioner Chuck Rettig warned on Thursday that many taxpayers may face refund delays due to a worker shortage and a large backlog of unprocessed returns.
Rettig stated during…
The Tax Filing Deadline Is in 2 Weeks, but Some Refunds May Take Months!
The deadline to file your tax return for the year 2021 is April 18, 2022. That's just two weeks away, and depending on how you file your tax return this year, you might be out for several weeks or even months.
Because of the COVID-19…
Over a Third of Americans Intend to Spend Their Tax Refund Immediately, Primarily to Pay Bills!
The majority of Americans do not anticipate receiving their tax returns for an extended period of time.
According to a new survey conducted by tax preparation company Jackson Hewitt, one in every three respondents intends to spend their…