The government has granted everyone an extra three months to file — and pay — their 2019 federal income taxes because of the coronavirus turmoil. Whew! It helps to have wiggle room in uncertain times.
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If you're owed a significant tax refund, for instance, get your return completed and filed quickly so you can get your money. The Internal Revenue Service said the average refund as of March 20 was about $2,900 .
While you're here, how about this:
New York state's $177B budget includes extension of job relocation tax break
Companies that qualify for REAP receive a $3,000 city tax break for 12 years for each job created in Brooklyn, Queens, the Bronx, Staten Island and northern Manhattan. The program costs the city about $33 million per year.
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The $420 million tax credit that has boosted New York's film industry for the past decade won a one-year extension that keeps it funded through 2025. The reimbursement rate for New York City production has been dropped from 30% to 25%, however.
Coronavirus response: What to know about Massachusetts tax deadlines in 2020 - masslive.com
The Baker administration released guidance on Friday about the tax extensions that were issued in response to the coronavirus pandemic.
Massachusetts officials announced last week that the 2019 state income tax filing and payment deadline is extended until July 15 because of the ongoing COVID-19 outbreak. The state's decision came after the federal government decided to push back its tax deadlines .
Gov. Charlie Baker on Friday signed the extension into law, as well as provisions that allow local tax changes and flexibility for restaurants that sell alcohol . That bill in part lets municipalities waive late fees for fourth quarter tax bills, which are due May 1. It also allows municipalities to push back the property tax exemption and deferral deadline to June 1.
Backers of California property tax initiative submit signatures for November ballot
SACRAMENTO — Supporters of a proposed amendment to the California Constitution that would raise property taxes on some businesses by up to $12 billion a year announced Thursday they have collected more than 1.7 million signatures, all but assuring it will appear on the November ballot.
The Schools & Communities First campaign says it is the most signatures ever collected for a ballot initiative. The campaign needs 997,139 verified signatures to qualify the amendment for the ballot. But by turning in so may signatures, it nearly guarantees the amendment will be qualified.
And here's another article:
Renewable energy, scarce tax breaks | Opinion | oswegocountynewsnow.com
On April 9 there is a proposed public hearing on Local Law #1 of 2020. Whether or not it will take place is not known at the time of this writing.
Local Law #1 is a law that will allow Oswego County to tax anyone on the installation of any energy saving systems, such as solar panels and wind systems.
These systems not only save the taxpayers on their energy costs but allows them to sell any unused energy to the local energy providers (Niagara Mohawk, Entergy, etc.).
Coronavirus relief checks: Should I file a tax return, other questions
It's been about a week since Congress pushed through a new bill that will send $1,200 stimulus payments to millions of Americans.
And your questions about who is eligible for that money and how soon it could arrive keep on coming.
Individuals with adjusted gross income of up to $75,000 stand to receive $1,200 checks, while couples who are married and file jointly could get up to $2,400 if their income is below $150,000.
Those payments are gradually reduced for income above those thresholds, and phase out completely at $99,000 in income for individuals, and $198,000 for joint tax filers who don't have children.
Crow Wing County to offer late fee waivers on taxes for many affected businesses, residents |
Coronavirus: Gov. Newsom joins property tax relief fray – San Gabriel Valley Tribune
While some county tax collectors want to keep the April 10 deadline, pressure has mounted to push back the payment date because numerous residential and commercial property owners have been financially jolted by the coronavirus.
"We are assessing our options as it relates to property taxes," Gov. Newsom said this week at a news conference. "We are seeing if there are ways to soften this" for property owners.
Happening on Twitter
If you have some time on your hands on Friday, April 3, sign up now to call voters and let them know about the exte… https://t.co/fjhqKIABXb benwikler (from Wisconsin, USA) Thu Apr 02 21:53:12 +0000 2020
Making sure health and social care workers have the correct personal protective equipment (PPE), is an absolute pri… https://t.co/mg6toPFd4s WelshGovernment (from Wales) Fri Mar 27 20:10:51 +0000 2020
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