Tuesday, August 17, 2021

Proposed 2022 initiative would cap MT property taxes, assessment values

HELENA — In the wake of escalating real-estate values in much of Montana, a former state lawmaker is proposing a constitutional initiative to create an "acquisition-value" property tax system – which would prevent big property-tax increases as long as one maintains ownership of the home or

The measure also would cap property taxes at 1 percent of a property's 2019 assessed value or current market value once it's sold.

Publisher: KXLF
Date: 2021-08-16T23:06:03.225
Twitter: @kxlf
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What does the child tax credit mean for your 2022 taxes?

If you claim the child tax credit for fewer dependents in 2021 than you did in 2020, that could result in an IRS overpayment.

While you won't pay taxes in 2022 on the payments you receive this year, you still may need to repay the IRS some part of the advance payment when you file your income tax return in 2022.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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IRS unemployment tax refund status: Payment schedule, transcripts and more - CNET

With the latest batch of payments, the IRS has now issued more than 8.7 million unemployment compensation refunds totaling over $10 billion.

One method to know if a refund has been issued is to wait for the letter that the IRS is sending taxpayers whose returns are corrected. Those letters, issued within 30 days of the adjustment, will tell you if it resulted in a refund or if it was used to offset debt.

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Publisher: CNET
Author: Oscar Gonzalez
Twitter: @CNET
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Tannehill: Increased services and lower taxes: The 2022 budget is done - The Oxford Eagle | The

The past two years have been unpredictable at best. From floods to snowstorms and protests to pandemics, Covid-19 has changed our society and continues to challenge us on many levels.

Our Board of Aldermen also made the extremely difficult decision to furlough 135 employees for three months in 2020. Furloughing employees was a gut-wrenching decision, but we furloughed at a time that allowed our employees to receive State and Federal Unemployment Benefits.

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Publisher: The Oxford Eagle
Date: 2021-08-17T20:24:45 00:00
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Worried About Higher Taxes in Retirement? Strategize Now. | Kiplinger

Amid all the speculation about taxes possibly going up in the future, your best course of action may be to incorporate tax strategies in your financial plan geared toward retirement.

Based on the premise that taxes will be higher in the future, a wise move is making contributions that can grow tax-free. Two vehicles toward that goal are a Roth IRA or Roth 401(k).

Publisher: Kiplinger
Author: Emanuel Avina Registered Investment Adviser
Twitter: @Kiplinger
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Get Taxes, Rent Refunded by the State. Here's How - The Post

HARRISBURG PA – Eligible residents in Montgomery, Berks, and Chester counties have until Dec. 31 to apply for benefits from Pennsylvania’s Property Tax and Rent Rebate Program , but why wait?, state Treasurer Stacy Garrity asks.

Her office as of Tuesday (Aug. 17, 2021) said it had distributed more than $142 million to recipients across the Commonwealth, and this year’s edition of the program has months to run before its ending deadline. Approved applicants started receiving payments July 1.

Publisher: The Post
Date: 2021-08-17T20:04:24 00:00
Twitter: @jzlomek
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Cook County property taxes: Why Chicago suburbs will shoulder greater burden despite pandemic
Publisher: ABC7 Chicago
Date: 2021-08-17T21:56:39Z
Twitter: @abc7chicago
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NJ businesses to see higher taxes because of COVID. This is why

New Jersey businesses are poised to pay an additional $250 million in taxes this year — and potentially three times more overall — to help refill the fund for unemployment benefits after the COVID-19 pandemic drained billions of dollars from it, according to the Department of Labor.

Publisher: North Jersey Media Group
Author: Dustin Racioppi
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Collegedale Holds The Line On Taxes On 2nd Reading; City Gets $1.57 Million COVID Check For

Collegedale commissioners on the second and final vote set the property tax rate at the state certified rate of $1.3897 for 2021-2022. Because home values increased due to the Hamilton County reappraisals, the certified rate that will be used to figure property taxes was lowered by 26 cents.

Date: 2021-08-17T00:33:33.5038796Z
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