Unlike last year, all Americans must file their federal income tax return by the same date in 2020.
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The due date for filing your 2019 federal income tax return is April 15, 2020. And this year, that deadline applies to residents of Maine and Massachusetts, too.
Last year, taxpayers in Maine and Massachusetts had until April 17 to file their 2018 tax returns. That's because Patriots' Day, an official holiday in those two states that commemorates Revolutionary War battles, fell on April 15 in 2019. Normally, that would mean residents of those two states got one extra day to file taxes. However, April 16, 2019, was Emancipation Day in the District of Columbia. That holiday honors the end of slavery in Washington, D.C.
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Reality Check: Ending taxation without representation | WPMI
2020 State Tax Trends to Watch For | Tax Foundation
Four key developments underlie many tax trends from 2019, some of them continuing from prior years. First, the adoption of the federal Tax Cuts and Jobs Act of 2017 (TCJA) continues to reverberate through state tax codes, particularly in the realm of international taxation. Second, the U.S. Supreme Court's 2018 decision in Wayfair v.
Across the country, income tax policies—both individual and corporate—were heavily influenced by the enactment of federal tax reform. States grappled with how to conform to the provisions of the new tax law, and in some cases sought to help their taxpayers circumvent its effects. The past year saw reductions in individual and corporate income tax rates and the adoption of further reforms intended to enhance the neutrality of individual income tax codes.
The IRS Has a New 'Easier' W-4 for Withholding Taxes in 2020 | Money
You’re not the only one taking a “new year, new me” approach to 2020. Even the IRS is changing things up — it just debuted a new Form W-4.
Form W-4, the official name for the Employee’s Withholding Certificate, is a document workers fill out so their employers can determine how much federal income tax to deduct from their paychecks. It’s widely used, and it’s long needed an overhaul. This redesign, necessitated by the 2017 Tax Cuts and Jobs Act, is the first big update Form W-4 has gotten in roughly three decades, according to the New York Times .
Many things are taking place:
Flooding, taxes among top priorities in new Nebraska session
LINCOLN, Neb. (AP) — Nebraska lawmakers will try to address prison overcrowding problems, approve new tax incentives for businesses and decide how to use a surplus of state tax revenue in the 2020 session that begins Wednesday.
This year's short, 60-day session will put senators in a time crunch as they consider fresh proposals in addition to legislation carried over from last year's 90-day session.
They'll also have to work together if they want to pass major property tax legislation or flood-relief measures, top priorities for many lawmakers and Gov. Pete Ricketts.
U.S. and France Race to Conclude Digital Tax Talks as Tariff Threat Looms - The New York Times
WASHINGTON — The United States and France are racing to reach a compromise in a digital tax dispute that could result in hefty American tariffs on French wine, cheese, handbags, cookware and more.
Speaking in Paris on Tuesday, Bruno Le Maire, the French finance minister, said that he had spoken on Monday with Steven Mnuchin, the Treasury secretary, about a new French tax on Facebook, Google and other American technology giants. The tax has angered the Trump administration and prompted the United States to propose a range of retaliatory levies on French goods.
This retiree got a big surprise: taxes - Los Angeles Times
Dear Liz: I'm 76 and retired. During the decades I worked, I contributed to my IRA yearly using my tax refund or having money deducted from my paycheck. No one told me I would have to pay taxes on this when I turned 70. For the past six years, I have been required to withdraw a certain percentage of this IRA money and pay taxes on it. Is there ever going to be an end to this? Do I have to keep paying taxes on the same money every year?
Nebraska Unicameral begins Jan. 8, property taxes and flood relief top issues - KTIV
LINCOLN, Neb. (KTIV) -- After reducing property taxes for Nebraskans by increasing the property tax credit relief fund by 20%, Nebraska Governor Pete Ricketts says he's ready to do more.
Proposals to lower your property taxes, and provide flood relief after historic floods in 2019, are two topics lawmakers will tackle when the Nebraska Unicameral gavels into session, Wednesday.
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