Tax

US taxpayers consistently seek ways to minimize their tax liability, and one effective strategy is leveraging the standard deduction. This deduction uniformly reduces the taxable portion of an individual's income, and qualifying…

In 2024, the availability of child tax credits in different states is a key consideration for families navigating evolving tax policies. Understanding which states will offer these credits is crucial for parents optimizing tax…

Millions of individuals receive Social Security benefits, with many depending on the program for a significant portion or the entirety of their retirement income. It is imperative to comprehend the amount one can expect from…

Certain residents of Colorado can anticipate an augmented tax refund in the year 2024, courtesy of an amendment to the state's Taxpayer's Bill of Rights (TABOR). Traditionally, the distribution of TABOR refunds has been contingent on…

Meeting tax obligations is crucial, but strategies exist to reduce your tax liability, extending the lifespan of retirement savings. Whether allocating for personal expenses, assisting descendants, or supporting charities,…

The Arizona Department of Revenue has launched the Arizona Families Tax Rebate Claim program, allowing eligible individuals to seek rebates. Residents qualifying for the Arizona Families Tax Rebate Program in 2023 can now submit…

As the upcoming tax season nears, a significant development for 2024 is the expanded home energy credits stemming from the Inflation Reduction Act of 2022. If you implemented sustainability measures in your residence during 2023, an…

If the potential EV tax credit of up to $7,500 is influencing your decision to consider an electric vehicle this year, time is running out to make the purchase and claim the credit when filing taxes in 2024. However, if you are…

As part of an effort to align with various Montana counties advocating for statewide tax system reforms, Missoula County has nominated one of its commissioners to participate in the governor's task force. Commissioner Josh…

Residents in Pennsylvania may be eligible for a $1,000 benefit following the state's enhancement of its property tax and rent rebate program. Governor Josh Shapiro pledged increased financial assistance for older residents in 2024…

Wichita has concluded its preparations to implement a one-year pilot program providing specific property tax relief to vulnerable residents. This initiative extends the existing state-level tax credits to reimburse a portion of…

On Tuesday, the IRS announced its intention to exempt individuals who failed to settle back taxes amounting to less than $100,000 annually for the tax years 2020 and 2021 from penalty fees. Approximately 5 million individuals,…

The previous week saw Pennsylvania Governor Josh Shapiro enact legislation, approving essential financial support for indigent defense, environmental restoration, and student mental health. Moreover, he endorsed a significant…

The IRS has unveiled plans to introduce a groundbreaking initiative: a free tax preparation service set to launch in 2024. This move aims to simplify the tax filing process for millions of Americans while reducing the financial…

The conflict between Governor DeSantis and Disney World spills beyond court, affecting the local level in Central Florida's Tourism Oversight District. The repercussions of alterations made to Disney World’s special district have now…

The recent announcement of tax revisions has had a ripple effect on the crypto community and has the potential to drastically alter the environment for both enthusiasts and investors. These pivotal changes, enacted by several…