Archive
You are viewing the "taxes" Archives
New Study Shows Changes In Ohio’s Tax Policy Benefits The Wealthiest Even More Than Before
By: Jo Ingles | Statehouse News Bureau
Posted on:
Statehouse Republicans have championed recent tax changes, including the elimination of income taxes for those making less than $21,750 a year. But a new report by a liberal leaning think tank shows tax changes recently made by Ohio lawmakers will make the rich richer and will require lower middle class or poor Ohioans to possibly… Read More
Report: WV Governor’s Companies Owe $2M Virginia Tax Debt
By: Associated Press
Posted on:
ROANOKE, Va. (AP) – Records show West Virginia Gov. Jim Justice’s companies owe almost $2 million in delinquent taxes in Virginia. WDBJ-TV reports Wednesday that companies owned by the Republican governor owe $1.9 million in taxes to several counties in Virginia. Justice lists more than 100 businesses in his most recent financial statement, including coal,… Read More
Ohio Ditches Sales Tax for Glasses and Contact Lenses
By: Associated Press
Posted on:
COLUMBUS, Ohio (AP) – Corrective eyeglasses and contact lenses purchased in Ohio are no longer subject to state sales taxes. The Dayton Daily News reports the change went into effect Monday. Hearing aids, prescription drugs and other medical devices already were exempt. The Ohio Optometric Association supports the change, saying a sales tax can be… Read More
Senate Budget Keeps Tax Credits While Cutting Income Taxes
By: Andy Chow | Statehouse News Bureau
Posted on:
Ohio Senate Republicans made sweeping changes to the House version of the state budget, including larger tax cuts and restored tax breaks. The Senate budget revives the small business income tax deduction on the first $250,000 earned. The House lowered that to the first $100,000. It also brings back the film tax credit and diverts $125 million from school wraparound services to school choice vouchers. When rolling out his budget… Read More
DeWine Urges Lawmakers To Restore Small Business Tax Deduction To $250,000
By: Karen Kasler | Statehouse News Bureau
Posted on:
Gov. Mike DeWine says he wants lawmakers to erase a change made to a small business tax deduction. It allows many sole proprietorships, partnerships and other small operations to take the first quarter million dollars of their income tax free. DeWine spoke about it before the National Federation of Independent Business Ohio. The budget approved… Read More
H&R Block, TurboTax Accused Of Obstructing Access To Free Tax Filing
By: Laurel Wamsley | NPR
Posted on:
The IRS says it is reviewing concerns about its Free File program after ProPublica reporting found that tax-prep companies made it difficult to find the program.
Business Groups Blast Change In House Budget As Tax Increase
By: Karen Kasler | Statehouse News Bureau
Posted on:
Business groups are blasting the House version of the budget for a change it makes to a controversial tax deduction – the one that allows many small businesses to take the first quarter million dollars of their income tax free. The change would drop that income threshold to $100,000. Tony Long at the Ohio Chamber… Read More
W.Va. Senate OKs Dropping Tax on Social Security Benefits
By: Associated Press
Posted on:
CHARLESTON, W.Va. (AP) – A bill to eliminate West Virginia personal income taxes on Social Security retirement benefits has been passed by the state Senate. The Republican-led Senate voted 33-0 Thursday to approve the bill. The bill now returns to the House, which must concur on Senate changes to phase in the elimination over three… Read More
West Virginia Tax Collections Fall Below Estimates
By: Associated Press
Posted on:
CHARLESTON, W.Va. (AP) – West Virginia revenue collections have failed to surpass tax estimates for the first time in 10 months. Gov. Jim Justice said Tuesday collections in January were $3 million below estimates, blamed on weaker-than-anticipated monthly personal income tax collections. Overall collections through the first seven months of the fiscal year are $40.9… Read More
Despite 70,000 Furloughed IRS Workers, White House Vows Refunds Will Be Issued
By: Brian Naylor | NPR
Posted on:
The tax collecting agency is one of those affected by the partial government shutdown, but the White House says it will issue refunds, reversing previous government policy.