An Atlanta surgeon’s $96K tax refund was fraudulently deposited — here’s how to protect yourself According to the IRS, the average refund issued for the 2023 tax year was $2,869. Typically, the agency issues tax refunds within 21 calendar days. However, just because the IRS issues you a refund it doesn’t mean there won’t be
The announcement by the Mills administration that Maine is poised to experience a $1 billion deficit in the next biennial budget is no surprise to legislative Republicans. We have been warning about unprecedented levels of spending at all levels of government for years. Maine’s executive branch apparently now agrees with that assessment. Unfortunately, it may
Here is something no one in the media is reporting as Vice President Kamala Harris continues to duck and weave like Muhammad Ali in the ring to avoid any questions about her economic plan. The American Business Defense Foundation reports that under the Harris tax plan, the number of Americans subject to the hated death
The Summit County Council put a sales tax on the ballot because it’s facing one of three options: make $7 million in cuts next year, raise property taxes or the new sales tax. Click here to see what could be cut. Sales tax basics The new sales tax would be a half percent on every
This story was created in partnership with the Rocket Community Fund to highlight a tax relief opportunity through the Detroit Homeowners Property Exemption (HOPE) Program. After Brenda Butler received a reduction in her property tax rate, on the home she’s owned in the Chandler Park neighborhood since the 1980s, she started to spread the word.
Have you ever seen a tax data lab? That is, a room (or virtual room) with high-performance computers analyzing datasets with millions of tax declarations—worker’s income tax returns, firms’ corporate tax returns, or firm-to-firm transaction records. Sounds complex, right? But within those piles of tax returns are valuable insights that can inform economic policy, address
Listen to this article As Louisiana confronts a projected $1.5 billion budget shortfall, the state’s costly Motion Picture Production Program, which offers significant tax breaks to film and television producers, is under increasing scrutiny. From 2018 to the present, the program has issued over $500 million in tax credits to various projects, according to records
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] More than 70 percent of people earning an income, did not have to pay tax in China last year, as the country’s individual income tax reform has significantly lightened the burden on lower-income earners, the latest
The town of Castle Rock says the current sales tax rate isn’t keeping up with the demand for police and fire services as the community grows. CBS In 2012, around 50,000 people lived in Castle Rock. Today, it has more than 86,000 residents. The town’s sales tax rate has stayed at 4% since 2011. The
Did you request an extension for your 2023 income tax returns but have yet to file your taxes? If so, the time is running out. The extension gives taxpayers up until Tuesday to file their tax returns. However, those taxpayers were urged to pay any monies they expected to owe prior to the original deadline