The average tax refund check is slightly smaller than last year, the Internal Revenue Service reported on Friday .
The average refund issued so far fell to $3,125, down 0.6% from $3,143 at the same time last year, according to IRS statistics. The number of refunds issued fell 2.9%.
"When Americans get their tax refunds, often times they're not buying a new pair of shoes or going on vacation," Jones says. "They're dealing with financial necessities, not luxuries."
Many things are taking place:
New tool to help demystify Vermont education property taxes
MONTPELIER, Vt. (WCAX) It's an issue that affects all homeowners in Vermont: property taxes. You know how much you pay but do you know why?
The issue has been in the headlines recently as South Burlington faces criticisms from some residents over concerns the district's estimates on how much property taxes would go up as a result of a $209 million school renovation bond aren't accurate.
Sanders proposal to raise these taxes could hit start-up workers
A bill introduced by Sen. Bernie Sanders, I-Vt., that would raise taxes on executive retirement plans could hit an unintended target: employees at start-ups.
While the bill likely won't go too far amid a divided Congress, it offers a clue into Sanders' thinking as he campaigns for office.
The legislation takes aim at so-called nonqualified deferred compensation plans , which allow executives to sock away a portion of their pay — above and beyond what they would otherwise save in a 401(k) plan — and defer taxes for years until the money is distributed.
GI area lawmakers debate taxes and business incentives | KHGI
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Save NYC: Fix a property-tax system everyone knows is broken
Is taxing empty SF storefronts the solution for the blight on streets? - San Francisco Chronicle
An effort to fill San Francisco’s empty storefronts by taxing landlords is headed to the ballot box.
On Tuesday, voters will consider Proposition D, a tax on storefronts vacant for more than six months that supporters say will motivate landlords to find tenants. It would put San Francisco at the forefront of a nationwide retail-vacancy problem, making it the first major U.S. city to explicitly tax empty stores.
Supervisor Aaron Peskin, the sponsor of the measure, has argued that the tax is “about changing certain bad actor landlords’ behavior and creating a disincentive for long-term vacancies.” The tax will target long-term vacancies and potentially push property owners to lease stores at lower rents, he said.
Effort to raise Alaska oil taxes hits signature threshold to appear on ballot - Anchorage Daily
At right, Jane Angvik, a primary sponsor of the group "Vote Yes for Alaska's Fair Share," turns in signature booklets for ballot measure Friday, Jan. 17, 2020 at the Alaska Division of Elections in Anchorage. The ballot measure would apply to the North Slope's large, legacy fields and would bring in about $1 billion extra in production taxes annually, according to the group's chairman Robin Brena. (Loren Holmes / ADN)
Dividend Investors Save Up To 20% On Taxes This Year
If you own any real estate investment trusts (REITs), make sure you forward this article along to your tax advisor!
Historically, REIT distributions have been considered nonqualified dividends by the IRS. This means they usually get taxed at your regular income tax rate.
However, REIT investors now benefit from the same tax break that "pass through" businesses receive. As a general rule, REIT investors are now allowed to deduct 20% of their REIT dividend income.
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