Tax law can easily make your head spin. When you add cryptocurrency to the mix, it can become even more confusing. But it's important to know how taxes for cryptocurrency work to avoid getting in trouble with the IRS.
We've put together a few items you should consider to help you determine if you need to pay taxes on your cryptocurrency.
Car shortage could mean higher personal property taxes, St. Charles Co leaders propose a fix
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ST. CHARLES COUNTY (KMOV) - The pandemic and continued supply chain issues mean cars are in high demand and short supply, leading to high prices. The inflated vehicle costs are now impacting personal property taxes.
"Inflation has impacted the assessed value of vehicles and, as a result, the personal property tax residents will have to pay on automobiles will increase by more than 20 percent," said St. Charles County Councilman Mike Elam. "It's not the fault of St.
UK leadership candidate Hunt: we can cut taxes without increasing debt | Reuters
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FLE PHOTO: Jeremy Hunt, Conservative party leadership candidate, appears on BBC's Sunday Morning presented by Sophie Raworth in London, Britain, July 10, 2022. Jeff Overs/BBC/Handout via REUTERS
LONDON, July 11 (Reuters) - Former British foreign minister Jeremy Hunt, who is running to replace Boris Johnson as prime minister, said on Monday tax cuts could be made without increasing national debt.
Do digital nomads pay taxes?
Digital nomads pay taxes too
Roughly 55 million Americans can currently work remotely on a full-time basis, according to a new McKinsey study . That means happier pets, overwatered houseplants and some pretty complicated tax implications for both employees and employers.
California cuts marijuana taxes to heal ailing industry
California is significantly overhauling its cannabis tax structure, including entirely eliminating a tax on growers, to boost a struggling legal industry begging for relief.
The changes, which the Legislature adopted last week as part of a state budget agreement, will also create tax credits for some cannabis businesses, expand labor rights within the industry and switch collection of a state excise tax from distributors to retailers.
See if your Berks school district raised your taxes
Property owners in more than two-thirds of the school districts in Berks County will see their property tax bills go up.
School boards had to approve their 2022-23 budgets and set new property tax rates before July 1. Locally, 13 of 18 school districts did so with property tax rate increases.
Sweetened beverage taxes produce net economic benefits for lower-income communities | UW News
News releases | Public Health | Research | Social science
New University of Washington research found that sweetened beverage taxes redistributed dollars from higher- to lower-income households Pixabay
Maryland state income taxes due July 15 after extension – Baltimore Sun
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Marylanders who took advantage of the 90-day tax filing extension for state income taxes must file and pay by Friday.
"The coronavirus pandemic has been both a public health crisis and an economic catastrophe for many families and small businesses," Franchot said in a statement. "The 90-day extension hopefully provided some financial relief to help Marylanders get through this enormously challenging period.
6 States With The Lowest Overall Tax Burden
State tax burdens aren't uniform across the country. For example, while Nevada and Washington have no state income tax, they have the second and third highest sales and excise taxes and rank No. 33 and 30, respectively, for overall tax burden.
Florida has a well-deserved reputation as a low-tax state. However, it can only boast the sixth-lowest overall tax burden. While Florida has no income taxes, it has high property taxes, ranking 28 th . Florida is great if you have a high income and are a renter.
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