Tax Avoidance Spotlight Strategies Under Scrutiny According to Gizmodo, a recent report by Americans for Tax Fairness (ATF) has put Tesla’s tax practices in the spotlight. The report says Elon Musk the CEO of Tesla didn’t pay any federal income taxes for five years even though it made money. Tesla avoided paying taxes by using … Read more
Lawmakers Consider Tax Credit for Portland Sea Dogs Bill Details and Importance According to Central Maine, Lawmakers are thinking about a plan to give the Portland Sea Dogs Stadium a tax credit of up to $2 million. This is to help with upgrades to their place called Hadlock Field. The bill, L.D. 2258, says that … Read more
Audit Highlights Issues Disparities in New York Tax Credit Programs According to the Olean Times Herald, some New York lawmakers want changes after finding problems with tax credit programs. An audit by PFM Group Consulting LLC for the state Department of Taxation and Finance looked at these credits. They found that Excelsior and the Restaurant … Read more
Yellen Showcases Biden’s Clean Energy Initiative Boosting Economic Revitalization According to SmartNews, U.S. Treasury Secretary Janet Yellen visited Elizabethtown, Kentucky to show how the Biden government is helping areas that used to rely on coal. Yellen talked about how Biden’s tax credits have encouraged clean energy investments doubling to $4.5 billion each month in places … Read more
New Family Tax Credit Program to Alleviate Poverty Addressing Affordability Challenges New York state legislators are pushing for a $500 million allocation in the final budget to introduce a new family tax credit program aimed at alleviating poverty among low- and middle-income families statewide. While inflation has eased, New Yorkers continue to grapple with rising … Read more
Identity Theft Leads to Ohio Tax Refund Shock Investigation Uncovers Widespread Impact on Ohio Tax Refund According to Fox 8, Many Americans in Ohio were expecting to get their state tax refunds but instead got a letter saying they wouldn’t be getting any money back. Phil Nash and his wife in Cleveland were surprised to … Read more
Yellen Touts Biden’s Clean Energy Investment Tax Breaks in Kentucky Visit Clean Energy Investments Surge in Former Coal-Reliant Regions According to WHTC, U.S. Treasury Secretary Janet Yellen talked about how tax breaks from the Biden government are helping clean energy in places that used to rely on coal. She visited Kentucky a state where Democrats … Read more
IRS Supports Energy Savings Energy Efficient Home Improvement Credit (EEHIC) Offers Financial Incentives for Upgrades According to Go Banking Rates, Many homeowners want to save energy, so the IRS helps by giving a 30% tax credit for certain home improvements. With the Energy Efficient Home Improvement Credit (EEHIC) homeowners who made qualifying upgrades in 2023 … Read more
Missouri Senate Democrats End Filibuster Missouri Senate Bill Expands Tax-Credit Scholarships According to the 74 Million, Missouri Senate Democrats stopped talking for a long time on Tuesday so the Missouri Senate bill about making K-12 tax-credit scholarships bigger could go to a vote. This happened after Republicans added stuff to give more money to public … Read more
Tax Refund Trouble Identity Theft Nightmare The Fox 8 I-Team found a big problem for Ohio folks waiting for their tax refund. Instead of getting their tax refunds, many people got letters saying they wouldn’t get any money. This left them wondering, “Where’s my money from tax refund? Phil Nash and his wife in Cleveland … Read more