Saturday, January 18, 2020

Get your taxes done for free | News, Sports, Jobs - The Express

LOCK HAVEN — AARP Foundation is providing in-person tax assistance and preparation through its Tax-Aide program — and it’s completely free.

Help is available starting Monday, Feb. 10, and ending Monday, April 13, at The STEP Clinton County Community Center located at 124 E. Walnut St., Lock Haven. Appointments are required.

Volunteers are trained and IRS-certified every year to ensure they understand the latest changes to the U.S. Tax Code. Returns involving rentals, farm and royalty income are out-of-scope.

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Bloomberg - Are you a robot?
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Franklin County real estate property taxes due on January 21 | WSYX
Publisher: WSYX
Date: 2020-01-17T14:03:38 00:00
Author: Sarah Wynn
Twitter: @http://twitter.com/wsyx6
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Wheeland addresses budget, taxes, minimum wage | News, Sports, Jobs - Williamsport Sun-Gazette

State Rep. Jeff C. Wheeland, R-Loyalsock Township speaks with the Sun-Gazette Editorial Board on Thursday. KAREN VIBERT-KENNEDY/Sun-Gazette

The state ended the last fiscal year with total revenue collections $883 million above the official estimate.

While that’s good news and helps put the state on good financial footing as it prepares to put together next year’s budget, at least one lawmaker feels it’s no time for complacency.

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Check out this next:

Do I Need to File Taxes?

For many Americans, filing taxes is a no-brainer. Failing to do so can cause them to miss out on valuable tax refunds or burden them with late fees and failure-to-file penalties.

But for Americans with low incomes or without any earned income at all, the decision to file is more complicated.

So should you file your taxes? Here are the income levels required to file taxes -- and advice from experts on the best action to take.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Should I file taxes jointly or separately if I'm married? - Business Insider

For married couples, one significant way to save on taxes is determining whether you and your spouse should file your tax returns jointly or separately.

In the vast majority of cases, married couples save money by filing jointly —  especially if one spouse works and the other doesn't, one spouse out-earns the other significantly, or you have children. Still, there are special circumstances where it makes sense to file separately. The right filing status for you will depend on your expenses and income.

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Publisher: Business Insider
Date: 2020-01-17
Author: Tanza Loudenback
Twitter: @BI_Strategy
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Tennessee lawmaker proposes two month long 'Food Tax Holiday' benefiting Tennesseans | WZTV
Publisher: WZTV
Date: 2020-01-17T16:01:58 00:00
Author: Adrian Mojica
Twitter: @foxnashville
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Illinois' problem isn't the form of taxation, it's the level

Already, some Illinois communities have property tax rates above the point where the only properties that change hands are in bank- or tax-foreclosure auctions. Who would agree to buy a property if the perpetual cost in property tax meant they'd be repaying the entire purchase price every 10 years (i.e., a net property tax rate of 10 percent)?

Where is the inflection point where property tax rates begin to gut property prices? I'd bet it's below 5 percent and possibly below 3 percent. If anyone thinks that property tax rates can continue to rise (for pensions or any reason), they surely do not understand this obvious truth. The property market in the entire state is at risk of literally stopping, except for county officials kicking people out of their homes in order to auction them for 10 cents on the dollar.

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Publisher: Crain's Chicago Business
Date: 2020-01-17T15:00:28-0600
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