2% Tax Refunds Increase 25% Fewer Taxpayers Submit Returns According to Finance Yahoo, in the past two weeks people have been getting smaller tax refunds than last year. The latest info from the IRS is giving good news of 2% tax refunds bigger than last year. On February 16, the average refund was $3,207 up […]
$3.7 Billion Budget for Minnesota Exceeds Expectations Officials Warn of Future Challenges and Shortfalls According to MPR News, Minnesota’s finances bring both good and concerning news. The Department of Minnesota Management and Budget reports a $3.7 billion budget for Minnesota for the next two years ending in 2025 exceeding December’s expectations by $1.3 billion. Increased […]
Arizona Attorney General Challenges IRS on Taxation of State Rebate Mayes Alleges Unfair Targeting of Arizona’s Stance on Family Tax According to KGun 9, Arizona Attorney General Kris Mayes is suing the IRS over its decision on Arizona’s stance on family tax at the federal level. Arizona‘s stance on family tax rebates aiding taxpayers with […]
The Department of Justice (DOJ) has taken legal action against Orlando-based tax preparer Julius T. Price and his firm, Price’s Accounting Firm Inc., following allegations of a widespread tax fraud scheme. According to court documents filed in the U.S. District Court for the Middle District of Florida, Price stands accused of preparing thousands of federal […]
In a recent turn of events, the Kansas legislative session has hit a snag as lawmakers grapple with proposed tax cuts. The Republican-led push for a flat tax, which aimed to provide substantial tax relief totaling $1.6 billion over three years, has met its demise. Despite bipartisan support for certain aspects of the plan, such […]
The rising costs of higher education are a constant concern for students and families across California. With tuition fees soaring, navigating the financial landscape of academia can be daunting. However, there’s a potential solution that many may be overlooking – education tax credits offered by the IRS. Among the array of tax credits available, two […]
Many States Exempt from Reporting State Payments on 2022 Tax Forms Residents in Select States Spared Reporting State Payments to IRS Issues Guidance in 2022 According to CNBC, the IRS issued guidance to people who got money from their states in 2022. The IRS said that in many states people don’t need to tell them […]
New Online Tool Simplifies Property Tax/Rent Rebate Application for Seniors and Individuals with Disabilities in Pennsylvania Pennsylvania Launches Online Tool for Property Tax/Rent Rebate Assistance According to My ChesCo, Pennsylvania’s Department of Revenue launched a user-friendly online tool by the Commonwealth Office of Digital Experience to aid seniors and individuals with disabilities in applying for […]
Inflation-adjusted Tax Brackets and Deductions Boost Refunds Proposed Child Tax Credit Changes Aim to Aid Low-Income Families According to First Coast News, millions of Americans have received their tax returns and many are seeing larger refunds this year. The Internal Revenue Service reports that refund amounts are 2% higher than in 2023 with an average […]
In a recent study conducted by the Tax Foundation, Hawaii emerged as the state with the lowest property taxes in the United States. The research, which analyzed data from 2019, sheds light on the varying property tax rates across different states, impacting homeowners’ financial obligations. Hawaii boasts an impressively low effective property tax rate of […]