Local families waiting to see if child tax credit bill will pass for this tax season – WWLP.com
SPRINGFIELD, Mass. (WWLP) – Earlier this month, the House of Representatives passed a $78 billion tax bill that could increase the child tax credit. Expanding the child tax credit: Who will get the money if passed? The bill would increase the maximum refundable tax credit per child for the 2023 tax year from $1,600 to […]
Oklahoma looks to eliminate state tax on purchases of gun safes, lockboxes, and trigger locks
A bill introduced by a Democratic state senator from Oklahoma would include firearm safety devices in legislation exempting them from state taxes. state senator jo anna dossett (D) Introduction SB1476“Gun safes and gun safety equipment purchases will be exempted from sales tax,” the official document states. The goal is reportedly to encourage more Oklahomans to […]
House passes $78 billion tax bill expanding the child tax credit, its fate in the Senate remains to be seen
This tax bill could help lift millions of families out of poverty. (iStock) The House of Representatives recently $78 billion tax bill It would temporarily expand the child tax credit. The bill now heads to the Senate, where it has support from both Democrats and Republicans. Currently, the tax credit is $2,000 per child, but […]
Filmmakers in Georgia should do more to earn tax breaks, lawmakers say
Leading Georgia lawmakers say that to get the most from Georgia’s lucrative film tax credit, filmmakers should be required to do more than just show a peach at the end of the credits. claims. Thanks in large part to tax breaks, The Hunger Games, Marvel movies, Fast & Furious 7, and many other productions were […]
Your tax refund could be bigger this year – here’s why
Stock Trader’s Almanac Editor-in-Chief Jeffrey Hirsch explains why February is historically a bad month for stocks and identifies some great investment opportunities in “Making Money.” Americans expecting to receive tax refund This year may bring some pleasant surprises. Taxpayers typically receive a refund if they paid too much tax because too much was withheld in […]
New Mexico House approves tax package, update to income tax brackets – KOB 4
The massive tax bill just passed the halfway point in the Roundhouse after hours of debate on the House floor. SANTA FE, N.M. — After several hours of debate on the House floor, a massive tax bill just passed the halfway point in the Roundhouse. Members of the House Taxation and Revenue Committee say this […]
100 million taxpayers missed out on free tax filing program – syracuse.com
Written by Elizabeth Renter | Nerd Wallet There is a legitimate IRS program designed to allow 70% of taxpayers to file their federal income tax returns for free using online software. But the latest he IRS data shows hundreds of millions of people are not taking advantage of that benefit, potentially resulting in billions of […]
How to Scan Your Important Tax Documents With Your Phone This Tax Season – CNET
Still relying on paper documents for your tax returns? You’re not alone. As tax advocate Erin M. Collins puts it:Paper is the IRS’ kryptonite.“The truth is that the agency almost received it.” 13 million paper tax returns will be needed by 2023, and many taxpayers still receive important tax documents by mail. Most of us […]
AI to help tax filers with Microsoft, H&R Block partnership
Barrons Roundtable panelists discuss the impact of AI at Microsoft as the two tech giants go head-to-head for the title of the world’s most valuable company. Microsoft and H&R Block are partnering to deliver generative services. Artificial intelligence (AI) It helps taxpayers simplify their own tax filing process. H&R Block is AI tax assist The […]
Tesla Settles Hazardous Waste Lawsuit in California as Elon Musk Calls for Carbon Tax on the Rest of Us
Tesla has agreed to pay $1.5 million to settle a lawsuit brought by a California county over hazardous waste violations at its factories in the state. The violations have been blamed on careless handling of hazardous chemicals such as paint and used batteries, but CEO Elon Musk says what America really needs to go green […]