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 … Read more
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 … Read more
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 … Read more
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 … Read more
Delays Persist for Michigan Earned Income Tax Credit and Retirement Tax Rollback Michigan Treasury Department Addresses Backlog with Progress in Tax Return Processing According to 13 On Your Side, compounding the issue further are the delays encountered in processing tax returns associated with the Michigan Earned Income Tax Credit which stands at a notable 30%, … Read more
Understanding Program Updates – Erie Seminar Highlights Recent Changes What Erie Residents Need to Know for This Year’s Rebates According to Your Erie, Erie residents are invited to Erie’s financial boost seminar about the extended Property Tax and Rent Rebate Program. State Rep. Ryan Bizzarro and his team will host Erie’s financial boost event on … Read more
Helping Hand Free Clinics Aid Seniors and Disabled Individuals in Property Tax/Rent Rebate Claims Increased Income Limits Offer New Opportunities in Rep. Bonner‘s Assistance Program According to Allied News, Bonner’s Free Clinics aid seniors and disabled residents in claiming Property Tax/Rent Rebates. Open to those 65 and older, widows/widowers 50 and older, and individuals with … Read more
Dept. of Revenue Introduces Online Tool for Property Tax/Rent Rebate Applications New Tool by CODE PA Connects Seniors and Disabled Individuals with PTRR Assistance According to The Corry Journal, the Department of Revenue launched a new online tool to help tax and rent rebate applicants. This tool made by the Commonwealth Office of Digital Experience … Read more
Implications of a Potential Shutdown on IRS Operations Congressional Action and Uncertainty Surrounding Federal Funding According to CNet, the possibility of a government shutdown looms due to deadlines for a proposed federal spending deal on March 1 and March 8 which could affect agencies like the IRS. If a shutdown occurs during tax season, it … Read more
Seize Current High-Interest Rates Secure Growth with Fixed Rates and Insurance According to CBC News, investing your tax refund in a Certificate of Deposit (CD) can be a wise decision to grow your savings. Due to the recent interest rate hikes by the Federal Reserve, banks are offering higher rates for deposit accounts like CDs. … Read more