Monday, October 11, 2021

Towns collecting most taxes, preparing for revaluations  - Mount Desert Islander

MOUNT DESERT ISLAND — Towns here have seen consistently high payment of taxes by property owners despite a worldwide pandemic over the last two years.

Hopefully that trend can continue, but similar to what recently happened in Bar Harbor, at least two of the other towns are preparing to do a town-wide revaluation in the next couple of years.

Publisher: Mount Desert Islander
Date: 2021-10-11T20:20:31 00:00
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I'm retired. How much will I owe in taxes if I freelance? - nj.com

Q. I am 84 years old and I collect $18,500 yearly from Social Security. I have an opportunity to freelance for $30,000 annually. How much will I have to pay in income taxes?

"However, our recommendation would be to consult with a qualified tax professional to discuss the considerations above as well as any others that may apply in order to plan appropriately," Principe said.

Publisher: nj
Date: 2021-10-12T01:30:01.056Z
Author: njmoneyhelp
Twitter: @njdotcom
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Filing Your Taxes by Friday? Find Out How The IRS Lets You Do It For Free | GOBankingRates

The Internal Revenue Service recently announced that their Free File program will remain available through Friday’s filing deadline for those who still need to file their 2020 tax returns.

See: The IRS Is Behind On Processing More Than 5.5 Million Tax Returns As Oct. 15 Deadline Looms
Find: Missing A Child Tax Credit Payment? Here’s The IRS Phone Number

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Publisher: GOBankingRates
Date: 2021-10-11T11:54:32Z
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Bloomberg - Are you a robot?
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Before allowing Chicago property taxes to rise, mayor should demand changes to pensions - Chicago

Chicago is the beating heart of Illinois and, like every other city in Illinois, held captive by state-level mandates on public pensions. They are driving services down and taxes up.

It's budget season again in Chicago. With an influx of federal aid to the tune of $3.5 billion , taxpayers should rest easy — right?

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Publisher: Chicago Sun-Times
Date: 2021-10-11T14:22:52-05:00
Author: Adam Schuster
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Social Security taxes help others - GREAT BEND TRIBUNE

Dear Rusty: I have heard that when my wife and I pass, the government keeps all we have paid into social security. Is this correct? Signed: Curious Senior

So, the answer to your specific question is that the money you and your wife contributed to Social Security while you were working has already been used to pay benefits for others who were getting benefits at the time you paid into the program.

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Terrebonne, Lafourche home owners may get break on property taxes, Ida

A process is underway to give owners of local homes and businesses damaged or destroyed by Hurricane Ida a break on their property taxes.

Terrebonne and Lafourche parish assessors said the process will take months and will include changes to when residents receive tax bills for the coming year and when payments are due.

Publisher: Houma Today
Author: Emily Enfinger
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Mesquite District 1 city council candidates answer questions on COVID, taxes before election
Publisher: Dallas News
Date: 2021-10-11T22:26:17.920Z
Twitter: @dallasnews
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5 Tips For Filing Your Taxes By The Oct. 15 Deadline – Forbes Advisor

If you filed for a tax extension , you only have a few days left to file your taxes. The extended deadline for most taxpayers is Oct. 15.

However some taxpayers, such as military members who serve in a combat zone or taxpayers who resided in a federally declared disaster area and filed a valid tax extension, may have more time beyond Oct. 15.

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Publisher: Forbes Advisor
Date: 2021-10-08T13:05:53-04:00
Author: Kemberley Washington
Twitter: @forbes
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