WASHINGTON – Arizona cut income taxes by $1.9 billion months after it sued the federal government over rules about how much states that accept federal COVID-19 relief funds can reduce taxes.
Hawaii is devoting more than 40% of its $1.64 billion in federal pandemic recovery aid to preventing higher payroll taxes on businesses – a move some argued didn't do enough to help workers.
Flush With Cash, Red States Are Cutting Taxes
Thanks in large part to federal aid over the last year, most state government budgets have recovered from the pandemic and many have surpluses that have prompted them to cut taxes.
So far this year, 11 states have cut individual and/or corporate income taxes. Nearly all are Republican-led states with the exception of New Hampshire.
IRS sends another 1.5 million refunds, adjusting for 2020 unemployment
The IRS is sending another 1.5 million refunds to people who were taxed on unemployment income last year before a portion of the benefits were made tax-free, the agency said in a statement.
Refunds being sent by direct deposit will start to go out Wednesday, according to the agency. Paper checks will be sent starting Friday, July 30.
Pay taxes like the millionaire you (probably) are! | Federal News Network
Fairfield Mayor Says New Budget Doesn't Raise Taxes, but County & Regional Taxes Will Rise |
GOP pols urge Curran to review reassessed property taxes - Featured - The Island Now
Nassau County Republican Legislators called on County Executive Laura Curran to conduct an "exhaustive review" of the reassessment process last week after claiming a handful of mansion owners throughout Nassau did not pay any property taxes in the 2020-21 tax year.
Here's how much vaccine lottery winners can expect to pay in taxes
Many states across the country are offering lottery prizes to boost the number of residents who inoculate themselves against the virus. If you are among the winners, just don't forget the taxman.
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4 million unemployment refunds in July: Tax transcripts, IRS schedule and more - CNET
In late May, the IRS started sending refunds to taxpayers who received jobless benefits in 2020 and paid taxes on that money before the American Rescue Plan went into effect. That law waived taxes on up to $10,200 in unemployment insurance benefits for individuals earning less than $150,000 a
Taxes dominate council agenda | Government and Politics | dailyjournalonline.com
Farmington Fire Chief Todd Mecey speaks about the need for increased public safety funding during the Farmington City Council meeting Monday evening.
During the Farmington City Council meeting Monday evening, Mayor Larry Forsythe reads a letter from Fire Chief Todd Mecey commending the work of a neighbor and police officers assisting on a fire call Saturday evening.
What taxes do you pay on a home sale, inherited real estate? - Los Angeles Times
Dear Liz: My mother, who will be 101 later this year, is leaving me real estate in her trust. The value of it is $4.5 million. She has other assets that will put her estate over $5 million when she passes. I currently have an offer from someone who wants to buy the real estate.
Answer: There's no such thing as a one-time option to sell a home tax free. Decades ago, homeowners could defer the recognition of taxable gain if they bought another house, and homeowners 55 and older could exclude as much as $125,000 of gain.
Happening on Twitter
Biden and White House did not even use their bully pulpit to call out the cruelty of 26 Republican States cutting o… https://t.co/7QMge7E4HQ Claudia_Sahm (from Arlington, VA) Wed Jul 28 15:08:26 +0000 2021
States cutting unemployment benefits didn't get people back to work, study finds https://t.co/NgpM5wn49f CNBC (from Englewood Cliffs, NJ) Fri Jul 23 13:46:05 +0000 2021
States cutting unemployment benefits didn't get people back to work, @arindube finds in new research examining the… https://t.co/dN37PMYZHc GregIacurci (from Brooklyn, NY) Thu Jul 22 19:51:31 +0000 2021
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