When Stacey Devereaux’s property tax bill came this month, she knew something wasn’t right. The assessor had used sales data from other homes in her area to calculate the value of hers. But Devereaux’s home backed up to a busy section of Parkcenter Boulevard, making it more difficult to sell […]
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Mount Prospect Volkswagen Dealership Moving To Palatine; Applying For County Tax Incentive
Palatine Village Council voted unanimously on Monday (June 21) to approve a package of ordinances that will allow Weck Auto Group (WAG) to relocate its Volkswagen dealership from Mount Prospect to Palatine, and get some village funding and Cook County tax incentives to help the process along. WAG is planning […]
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Use Your Tax Refund Wisely and Invest In These 10 Stocks
A young African-American man sitting at a table at home, paying bills. Although tax season is often the subject of much derision, most taxpayers actually end up receiving a refund. In 2020, about 74% of all filers received a refund, with the average amount approximating $2,700. Read: Everything You Need […]
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American Petroleum Institute supports paying a carbon tax on oil, gas
API did not say how big a carbon tax should be. Many of its members have long used $40 a ton as an internal price to judge the viability of their projects, but economists specializing in climate change have warned that a price two or three times as large would […]
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6 Things to Buy With Your Tax Refund That You Actually Won’t Regret
Just last January, we were still spending money on things like deli salad lunches, manicures, and pants with buttons and zippers. Fast forward to the present day, and spending habits have shifted. Perhaps we’ve saved cash on subway fare and happy hour cocktails (sniff), but, a year into a global […]
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California tax agency whistleblower honored by SPJ
The California Department of Tax and Fee Administration building in Sacramento is pictured on Monday, June 12, 2014.. Brian Nguyen [email protected] A journalism organization is honoring a California state worker who helped expose nepotism and questionable hiring at the state agency that at one point collected tens of billions of […]
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Detroiters can appeal property tax values next month. Here’s how.
CLOSE The city of Detroit is extending its usual timeline for homeowners to initiate the process to appeal their property values by one week. The appeals window is now slated to run from Feb. 1 to Feb. 22. Property assessment notices for 2021 were scheduled to be mailed Monday, city officials said […]
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Biden calls for expanded tax credits for children, child care
President-elect Joe Biden’s proposed COVID-19 relief package includes two hefty expansions of tax breaks for parents, which of passed would allow them to claims thousands of dollars more in credits and refunds for at least one year. Biden wants to increase the standard child tax credit to $3,000 per child […]
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Inn a downturn: Eau Claire hotel room tax revenues to drop 45% this year | Front Page
EAU CLAIRE — It was supposed to be a banner year for attracting droves of tourists to the Chippewa Valley. In addition to the perennial summer concerts that bring big musical acts to the area, there was an air show and Farm Technology Days also planned this summer in Eau […]
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These tax breaks could help you deal with the financial fallout of the COVID-19 pandemic
The COVID-19 pandemic and economy lockdown measures have changed many aspects of daily life, possibly permanently. No surprise there. Less obvious are some of the tax breaks and other benefits that might help you deal with the pandemic. Programs and resources like stimulus payments have received a lot of media […]
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Home-office deductions among tax breaks that can help during pandemic
CLOSE More people are working at home, and this may be an opportunity to deduct expenses related to having a home office. The COVID-19 pandemic and economy-lockdown measures have changed many aspects of daily life, possibly permanently. No surprise there. Less obvious are some of the tax breaks and other benefits that […]
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Energy Tax Credit: Which Home Improvements Qualify?
Taxpayers who upgrade their homes to make use of renewable energy may be eligible for a tax credit to offset some of the costs. Through the 2020 tax year, the federal government offers the Nonbusiness Energy Property Credit. The renewable energy tax credits are good through 2019 and then are […]
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Senate bill would allow federal employees to opt out of payroll tax deferral – U.S.
Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See other free reports here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. WASHINGTON — Federal workers could opt out of a now-mandatory Trump administration policy that in effect has […]
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What to Know About the Tax Extension Deadline on October 15 (Ep. 46 Rebroadcast)
Ryan Ermey: Hi, folks. In case you missed it, last week’s show episode 96 was my last episode as host of Your Money’s Worth. But that doesn’t mean the show is coming to an end. Replacing me is new co-host, Kiplinger.com senior online editor David Muhlbaum. Say hello to the […]
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Are printers, computers tax-free? 10 states hold sales tax holidays this weekend and some offer a tax break on tech
Shoppers in 10 states should file this away: This weekend, you can pick up clothes and school supplies tax-free. Sales tax holidays kick off Friday in nine states – Florida, Iowa, Missouri, New Mexico, Ohio, Oklahoma, South Carolina, Texas and Virginia – and Maryland’s tax holiday begins Sunday. Alabama, Arkansas, Mississippi and […]