In a bid to address the pressing issue of affordable housing in Indianapolis, Intend Indiana, a local community development nonprofit, has secured a significant financial boost. The organization recently announced the receipt of $5 million in New Market Tax Credits, marking a crucial step towards their mission of providing affordable homes in the region. New … Read more
Connecticut’s film and television industry faces uncertainty as the state’s General Assembly weighs legislation to eliminate its lucrative tax credit program. The proposed bill has garnered bipartisan support, with both Republican and Democratic leaders advocating for its removal. The incentive program, which has provided over $1.5 billion in support to productions over nearly two decades, … Read more
Biden’s Bold Proposals to Tackle Real Estate Challenges Tax Credit Target High Costs of Homeownership According to CBS News, President Biden‘s recent State of the Union address introduced ambitious proposals to tackle challenges in the current real estate climate. These include a $10,000 homebuyer tax credit for first-time homebuyers and a separate credit for current … Read more
Missouri House Committees Advance Child Care Benefits Bill House Bill 1730: Elevating Support for Food Pantries Missouri House committees have recently moved forward with bills supporting child tax benefits programs. Last week, the Special Committee on Public Policy unanimously approved House Bill 1730 (HB 1730) with a 6-0 vote. This legislation aims to raise the … Read more
California homeowners who made energy-efficient upgrades to their homes in 2023 stand to benefit from significant tax refunds this year. The Inflation Reduction Act of 2022 has expanded tax credits for energy-efficient home improvements, eliminating lifetime limits and offering lucrative incentives for greener living. Under the revised legislation, homeowners can claim two primary tax credits: … Read more
Tax season in Oregon heralds the debut of a new lifeline for low-income families grappling with the costs of raising young children. Termed the Oregon Kids’ Credit, this tax credit, valued at up to $1,000 per qualifying child, aims to alleviate financial strain for eligible households. Enacted by the Oregon legislature the preceding year, the … Read more
Tax season can be stressful, but with South Carolina tax returns, ensuring a swift refund is within reach. Mistakes can be costly, causing delays and even unexpected bills. To avoid such pitfalls and expedite your refund, here are ten essential tips provided by the S.C. Department of Revenue. South Carolina Tax Returns Skip Paper Returns … Read more
MARCA Breaks Down How Americans Can Leverage Tax Benefits for Financial Gain In the realm of U.S. taxation, the potential for financial relief extends beyond traditional stimulus checks, with tax credits and deductions offering avenues for eligible individuals to bolster their income. MARCA sheds light on the strategies for claiming these benefits. As the government … Read more