A road sign alerting to the 2021 tax filing extension announced by the IRS in front of the U.S. ... [+] Capitol building.
1. Extending avoids mistakes. Use the time to gather records, consider reporting alternatives, and get professional advice. File accurately the first time so you don't have to amend later. Amended returns often come about because people are rushing and make mistakes, sometimes big ones. Although there are times you may want or need to amend, use amended returns sparingly. Amended returns are more likely to be audited. File once correctly so you don't have to do it again.
The deadline to file taxes is May 17. What you need to know before Tax Day - CNET
The new extension doesn't get you off the hook for estimated tax payments, however. The IRS said the May 17 deadline doesn't apply to those who make estimated payments, which were still due on April 15.
Watson Coleman Urges Families to File Taxes Before May 17 to Get Their Advance Child Tax Credit
Watson Coleman Urges Families to File Taxes Before May 17 to Get Their Advance Child Tax Credit Payments As Soon As Possible
36,200 Households in 12 th District Could Get Up to $300 Per Child Every Month Beginning this Summer
as Part of American Rescue Plan Watson Coleman Helped Pass,
But Families Should File Taxes before May 17 th to Get Their Payments as Soon as Possible
State Digital Taxes: Details & Analysis of State Digital Tax Proposals
These taxes are fraught with legal difficulties, administrative challenges, and economic inefficiencies. They tax activity that is already taxed by other means, and rationales for this additional level of taxation tend to be as weak as they are inconsistent. With enactment of Maryland's first-in-the-nation digital advertising tax, however, some lawmakers in other states are eager to get on the bandwagon.
The European tax model, however, is not the model of U.S. states, which use formulary apportionment to allocate corporate income to states for tax purposes. The U.S. system of apportionment is complex, inconsistent, and often flawed, but the failure to tax income derived from online advertising (or from digital services more generally) is not among its shortcomings.
Skelton: California shouldn't raise taxes when it has surplus - Los Angeles Times
It's income tax time across America, but in the California Legislature it is always tax time. Some Democrats never stop trying to raise taxes. It seems addictive.
Yet, during the young legislative session lawmakers have already proposed raising taxes and fees by an unbelievable $234 billion annually, according to the California Tax Foundation. That's a research nonprofit founded decades ago by the California Taxpayers Assn., an anti-tax lobby.
Take the Quiz: Are You Filing Your Taxes Correctly?
True or False: If you didn't get a tax form, you don't have to report the income.
False.
As more states push for residents to get the COVID-19 vaccine, some are getting creative by offering perks to motivate more people to get fully vaccinated -- and West Virginia is one of them. If you're in West Virginia and you're planning to get the shot soon, it may pay off. To that end, West Virginia's governor, Jim Justice, recently announced that residents 16 to 35 will be eligible to receive a $100 saving bond if they get vaccinated against COVID-19.
Taxes are complicated and grow more so | New Hampshire | eagletribune.com
More than two thousand demonstrators rally on the plaza and lawn in front of New Hampshire's Statehouse Thursday, March 31, 2011 to protest proposed spending cuts and a provision that would strip public employees of their union protection when their contracts expire, in Concord, N.H.
New Hampshire has a unique tax system, unlike most other states, there is no income tax unless you are elderly or wealthy enough to pay the interest and dividends tax, or a general sales tax, although the Granite State is rife with taxes on sales from cigarettes to beer and from hotels to houses.
Clashes over taxes, Walz's powers stymie budget talks - StarTribune.com
It was always going to be a heavy lift: Set the next state budget with a politically divided government and vastly opposing views on taxes and government spending.
Throw in a global pandemic, lingering uncertainty around public health and federal aid and passionate disagreements over police reform. Oh, and conduct some of those tense negotiations over Zoom.
"We have not the greatest track record of ending on time. And this year COVID, emergency powers, federal money, police reform, make ending on time even more difficult in 2021 than in the past decade," said Democratic House Speaker Melissa Hortman of Brooklyn Park.
At the Session: Taxes, homeowners insurance on House agenda | Crime and Courts | americanpress.com
The Louisiana House today is scheduled to take final action on a constitutional amendment eliminating the deductibility of corporate income taxes. The Senate will decide the fate of a House-passed centralized system for collecting state and local sales taxes.
The House on Tuesday will debate four bills designed to correct homeowner insurance problems that have occurred following Hurricanes Laura and Delta that hit Southwest Louisiana and other parts of the state in 2020.
Rethinking Retirement: Managing your taxes
ST. LOUIS – Taxes are inevitable, but a retirement expert has some tips on how to manage them.
Marvin Mitchell, senior financial planner and president of Compass Retirement Solutions, explains the three tax buckets to be aware of.
Mitchell says there are three tax buckets. The first bucket is tax-deferred. This is like a 401k and IRA. The second bucket is the taxable bucket. This is money not inside of an IRA or 401k and then you pay dividend taxes every year. Then there is the tax-free bucket. This is everyone’s favorite.
Happening on Twitter
70% of Americans are eligible for Free File, and even more through free versions from H&R Block and CreditKarma. Th… https://t.co/cd2PV0L3OF jessica_roy (from Culver City, CA) Mon May 10 18:15:43 +0000 2021
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