Articles
Know a few key tax filing changes for this year
The tax filing season has begun, and every year a few changes are made that you should know. According to the IRS, more taxpayers this year will receive Form 1099-K. This will be directed at folks who do business over third-party apps like Venmo, Zelle, and CashApp. Read More.
Greg Abbott budget proposal calls for $15 billion in property tax cuts
Abbott’s spending proposals also include spending $750 million on school safety and mental health services and expanding postpartum Medicaid to a year. Read More.
How ‘tax friendly’ is it where you live? Study gives every state a grade
The least cheery of all seasons, tax season, is upon us. As you file this year, you may be paying a very different amount than your neighbors in a state next door. Read More.
The Chairman’s Report February 17, 2023
Is the FAIRtax fair?
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Wisconsin Gov. Evers details tax plan to boost middle class
Democratic Gov. Tony Evers released more specifics on how he plans to direct tax benefits toward low-income and middle-class Wisconsin earners under his executive budget. Read More.
Tax plans get more examination, and governor hosts a roundtable of tax cut advocates
Governor Justice gathered tax cut advocates today at the state Culture Center to discuss the big picture. Read More.
Some newlyweds may face a higher tax bill due to a ‘marriage penalty.’ What to know
If you got married in 2022, you can add “tax return” to the list of things you’ll now be sharing. Read More.
The Grassroots Corner February 13, 2023
The Grassroots Corner - Week Beginning 2/13/23: “Plain English Summary of the FAIRtax” Read More.
The Chairman’s Report February 10, 2023
The FAIRtax is back!
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Thousands of Portland metro earners haven't paid new local taxes
Between the Metro tax for homeless services and Multnomah's tax for universal preschool, about 20,000 high-earners are receiving late payment notices. Read More.
Taxes 2023: IRS tells millions of Americans in 22 states to hold off on filing their taxes
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income. Read More.
There’s a $7,500 tax credit for some car buyers: Here’s what vehicles qualify
Buyers who purchase certain types of electric vehicles could be in line for a hefty tax credit, according to the Internal Revenue Service. Read More.
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US President Joe Biden will take aim at Wall Street and corporate America in his annual State of the Union address on Tuesday, reviving his plan for a tax on billionaires and calling on Congress to quadruple the levy on share buybacks.
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Lamont's budget to include cuts to state income tax rates
Connecticut Gov. Ned Lamont announced Monday his new two-year budget plan will include the state's first personal income tax rate reduction since 1996, one of several tax relief proposals he will officially unveil to the General Assembly on Wednesday. Read More.
IRS changes to impact 2022 tax returns
The IRS has made several changes for the 2022 returns, which include lowering tax credits. Read More.
