There are many different ways to file your taxes for free, but these options are typically reserved for folks with under certain income thresholds or simpler tax returns.
If you have more complicated taxes such as being self-employed, you're unlikely to be able to file for free—most tax software companies will charge you to file certain forms.
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When you file taxes could affect amount of your stimulus check
MEMPHIS, Tenn. — With a third stimulus bill on the verge of being passed, some Mid-South residents will be receiving much-needed COVID-19 relief.
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With the Senate narrowly approving a 1.9 trillion dollar relief package, a third round of stimulus checks is at the proverbial one-yard line, on the verge of sending out much needed relief to millions of Americans.
"It will be for single people that make under $75,000 and married couples that make under $150,000,” Lisa Brock, Owner JR's Tax Service, said.
The American Rescue Plan creates a tax problem for the unemployed
The $1.9 trillion American Rescue Plan has inadvertently created a conundrum for the unemployed this tax season.
The pandemic aid measure, which passed the Senate on Saturday, offers $1,400 stimulus checks and waives federal taxes on a portion of unemployment benefits received last year.
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"It's a cautionary tale of the challenges presented by enacting a provision this late into the filing season that will affect many millions of individual taxpayers," she added.
Hawaii lawmakers considering nation’s highest income tax | FOX40
HONOLULU (AP) — Hawaii is considering overtaking California as the state with the highest income tax rate in the nation, under legislation slated for a vote this week.
The Hawaii Senate was expected to vote Tuesday on legislation that would impose a 16% tax on individuals earning more than $200,000 a year, which would beat out California’s 13.3% on those earning more than $1 million.
Hawaii's proposed new rate would also outstrip the largest combined local and state tax rate in the nation, paid by the highest income earners in New York City, which is currently 12.7%.
Many things are taking place:
In Ancient Athens, Rich People Bragged About Their Heavy Tax : The Indicator from Planet Money :
While the modern income tax has not been with us for very long on the time scale of human civilization, taxes are an essential part of developed societies and certainly date back to at least the 4th or 5th century BC in ancient Athens.
Ancient Athens had a tax, called a liturgy, that fell largely on the wealthiest 1% of the population. These individuals were expected to pay the entire cost of provisioning, paying the wages for, and fully equipping a trireme warship for an entire year.
Area homeowners late on taxes blame Postal Service delays
CLEVELAND (WJW) — The FOX 8 I-TEAM has uncovered another way delays with your mail could be costing you money.
Homeowners have been getting hit with penalties for paying property taxes late, and many are blaming the U.S. Postal Service.
Many property tax bills showed up in mailboxes much later than usual. Now, the I-Team is looking into how much of a factor that has become with homeowners facing late fees for paying property taxes late.
Orange County tourism taxes decline for first time since initial pandemic fallout
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ORANGE COUNTY, Fla. – For the first time since Orange County's tourism development tax collection hit rock bottom during the pandemic, Comptroller Phil Diamond said January's numbers did not increase like the previous months but instead took a downturn.
Speaking from the Orange County Convention Center on Monday, Diamond announced the latest tourism development tax, or TDT, dollar intake for January, which is collected from hotel, resort and motel stays.
Stimulus update: When will parents start receiving $300 monthly child tax credit checks?
President Joe Biden's $1.9 trillion coronavirus relief package includes an expansion of a tax credit that will put more money in the pockets of parents.
Previously, the Child Tax Credit was available for parents with Adjusted Gross Income of $200,000 or less for single individuals or $400,000 or less on a joint return. It will now start to phase out for single people earning more than $75,000 a year or families earning more than $150,000 a year with the $400,000 and $200,000 caps still in place. AGI will be determined by 2019 or 2020 tax fillings.
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