Friday, January 14, 2022

COVID and taxes: Tips from the experts | Local News | kptv.com

The IRS is warning that a resurgence of COVID-19 infections on top of less funding from Congress than the Biden administration had requested could make this filing season particularly challenging.

SALEM, Ore. (KPTV) – The Oregon Department of Human Services has announced an increase to income limits for food and childcare assistance.

Publisher: KPTV.com
Author: Kandra Kent
Twitter: @fox12oregon
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Colorado State Taxes 2022 Tax Season – Forbes Advisor

The state of Colorado requires you to pay taxes if you're a resident or nonresident that receives income from a Colorado source. The state income tax rate is 4.5%, and the sales tax rate is 2.9% to 15%.

Colorado state offers tax deductions and credits to reduce your tax liability, including a standard deduction, itemized deduction, the earned income tax credit, child and dependent care credit and college access tax credit.

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Publisher: Forbes Advisor
Date: 2022-01-12T10:53:54-05:00
Author: Lisa Rowan
Twitter: @forbes
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Fugitive Methane Emissions: Deployed Technologies vs. New Taxes - NH Journal

Last fall, Congress began weighing a methane fee as a component of their "Build Back Better" spending bill. That legislation is now in question in light of Sen. Joe Manchin's (D-W.Va.) opposition.

The intent of the fee is to reduce the amount of methane emissions originating from the extraction, production, and conveyance of natural gas. Natural gas is commonly used to power homes and businesses in the U.S., particularly in New England states like Maine and New Hampshire.

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Publisher: NH Journal
Date: 2022-01-14T17:41:58 00:00
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Four IRS tools to use when filing your taxes this year to help speed up your refund

Below are a few tools that can help make filing your taxes faster and easier in order to speed up your potential refund.

The Interactive Tax Assistant (ITA) is a tool that provides answers to several tax law questions specific to your individual circumstances.

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Publisher: The US Sun
Date: 2022-01-14T22:00:12 00:00
Author: 161385360554578
Twitter: @thesun
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Expert: Flat tax rate proposal could increase taxes for poorer Iowans

CEDAR RAPIDS, Iowa (KCRG) - An economic researcher at Iowa State University said people with less money usually pay more in tax systems where a flat tax is used.

Under Gov. Reynold's flat tax proposal, Iowa would collect billions less in revenue from taxpayers, which would likely mean fewer dollars for services and programs. A flat tax could also increase taxes for some Iowans, especially, for those who make the least amount of money.

Publisher: https://www.kcrg.com
Twitter: @KCRG
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Framingham issuing refunds of overpaid property taxes in fiscal 2021

FRAMINGHAM — Residents who inadvertently overpaid their property taxes in fiscal year 2021 should see checks soon arriving in their mailboxes — if they haven't already.

More than 2,000 city residents became eligible for refunds after inadvertently overpaying a portion of their property taxes last spring, according to Susan Nicholl, chief of staff for Mayor Charlie Sisitsky.

Publisher: MetroWest Daily News
Author: Lillian Eden
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Newsom's office insists no tax hikes to pay for health care expansion | Fox Business

California Gov. Gavin Newsom is hoping to make his state the first to offer universal health care to all residents, but it would mean raising taxes to help pay for it.

"Here in the largest state in our union, the state of California, we are positioned with this budget to be able to deliver on what we’ve been promoting: universal health care for all, regardless of pre-existing condition, regardless of the ability to pay and regardless of your immigration

Publisher: Fox Business
Date: 2022-01-12
Twitter: @FoxBusiness
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Indiana lawmakers looking to cut taxes in budget plan | whas11.com

Key parts of the House plan would cut Indiana's current individual income tax rate from 3.23% over the next four years to 3.0%, along with reducing several business taxes.

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Publisher: whas11.com
Date: 10:19 AM EST January 14 2022
Twitter: @whas11
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Editorial: SC income taxes aren't as high as they look. Cutting them now would be risky.

Editorials represent the institutional view of the newspaper. They are written and edited by the editorial staff, which operates separately from the news department. Editorial writers are not involved in newsroom operations.

SC Gov. Henry McMaster is asking the Legislature to cut income taxes by $177 million next year, increasing to $1 billion a year in five years.

Publisher: Post and Courier
Date: 2022-01-14 18:15
Author: THE EDITORIAL STAFF
Twitter: @postandcourier
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